Tax revenues indicate that New Jersey’s economy is on the upswing
New Jersey’s tax revenues exceeded projections for the seventh consecutive month and income tax collections were the highest ever in June, even without a “millionaires tax.”
The Treasury Department announced yesterday, that income tax collections in fiscal 2013 were 12.4% higher that in fiscal 2012 (the fiscal year ends on June 30) and sale tax collections increased 3.7%.
The State’s fiscal 2013 revenue collections through June totaled $25.6 billion, $1.58 billion higher than in fiscal 2012.
Posted: July 26th, 2013 | Author: Art Gallagher | Filed under: Declan O'Scanlon, Economy, New Jersey, New Jersey State Budget | Tags: Declan O'Scanlon, Economy, Jobs, New Jersey State Budget, NJ Economy, Tax revenues | 1 Comment »