NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The Department of the Treasury reported Friday that May revenue collections for the major taxes totaled $2.120 billion, down $331.2 million, or 13.5 percent, below last May as the economic impact of the global pandemic continues to take its toll on the State’s finances. Fiscal year-to-date, total collections of $26.864 billion are now down $2.498 […]
An updated report from the PEW Charitable Trusts finds that New Jersey’s tax revenues in Q4 2018 were 4% lower than peak pre-recession totals. New Jersey is one of just 10 states that have yet to recover tax revenues to pre-recessions totals.
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