N.J. tax collections for April meet projections
Thursday May 16, 2013, 2:58 PM
BY JOHN REITMEYER
STATE HO– USE BUREAU
The Record
New Jersey tax collections met Governor Christie’s targets during the important month of April, keeping the state budget in line with the lowered projections the governor released earlier this year.
The state collected $3.9 billion in revenue in April, according to data put out Thursday by the state Department of Treasury, a shade better than the $3.89 billion goal set in February after Christie revised targets downward in response to a projected shortfall at the time.
The April tax collections put the state budget for the fiscal year that ends on June 30 about $50 million ahead of the revised revenue goals with two months left in the fiscal year.
Though income tax collections missed the lowered targets by nearly 3 percent in April, sales and business tax collections exceeded expectations. Income tax collections for the fiscal year are still up nearly 13 percent over the last fiscal year.
https://www.northjersey.com/news/NJ_tax_collections_for_April_meet_projections.html