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New Jersey Tax Revenues up 3.2 percent in first half of FY12, still 3.2 percent below projection
State revenue collections rose 3.2 percent in the first half of the FY12 budget year, compared to the first half of the FY11 budget year, but remained off from administration projections.
According to the Department of Treasury, the influx will prevent the state from “diverting (funding) from key priorities.” But Democrats derided the update as 3.2 percent short of the adminstration’s fiscal year projections. (Carroll, PolitickerNJ)
