>
New Jersey’s February tax-revenue collections jump 20%, narrowing shortage
New Jersey’s revenue collections jumped 20 percent last month, narrowing the state’s shortfall from budget projections.
February revenue was 9.5 percent above forecasts, Treasurer Andrew Sidamon-Eristoff said in a statement today. For the first eight months of this fiscal year, collections were up 4.3 percent from the same period of 2011, and are running 1.7 percent below projections. (Young, Bloomberg)
