STEVE HUGHES Staff Writer
New Jersey is one of 23 states still trying to boost its tax revenue levels to pre-recession levels, according to a Pew Charitable Trust report.
At its peak, the fourth quarter of 2007, the state took in $8.7 billion in revenue. It hit a low point at the end of 2011, with only $7.1 billion in revenue that quarter.
As of the end of 2016, the state’s quarterly tax revenue was 10.9 percent lower than the third quarter of 2008, Pew found, as the state took in $7.8 billion.