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N.J. tax collections for July fall million below budget estimate
Total tax collections by the state government for July totaled $335.7 million, $35 million below the estimate in the 2011-12 state budget, Treasurer Andrew Sidamon-Eristoff announced on Friday.
Collections for the three biggest revenue generators closely track the budget estimates. Income tax collections totaled $133.03 million, nearly matching the budget estimate of $133.4 million. Sales tax collections totaled $21.9 million, 0.2 percent less than the estimate of $22 million. (Hester, New Jersey Newsroom)
