Official Site of The State of New Jersey

(TRENTON) — The Department of the Treasury reported today that March revenue collections for the major taxes totaled $4.321 billion, an increase of about $370.0 million, or 9.4 percent above last year. The growth in total revenues was mainly driven by the Gross Income Tax (GIT), in particular, a steep decline in refund issuances related to timing.

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(TRENTON) — State Treasurer Aaron Binder and Department of the Treasury officials testified before the Assembly Budget Committee at the State House today, providing a detailed update on revenue projections for the remainder of Fiscal Year 2026 through Fiscal Year 2027.

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(TRENTON) — Continuing to sound the alarm about the growing structural challenges facing State-administered health plans, the Department of the Treasury issued two reports developed by the plan actuary, Aon, which indicate double-digit rate increases are likely coming to the State Health Benefits Plan (SHBP) and Local Government Plan (SHBP-LG) in Plan Year 2027. This news follows last week’s announcement that the School Employees Health Benefits Plan (SEHBP) may experience similar rate upticks in PY 2027.

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(TRENTON) — State Treasurer Aaron Binder announced today that Governor Sherrill's Detailed Budget Book for Fiscal Year 2027 is now available online on the Department of the Treasury's Office of Management and Budget website.

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(TRENTON) — The Department of the Treasury issued a report yesterday from Aon, the plan actuary for the School Employees Health Benefits Plan (SEHBP), which signals the plan will likely experience double digit premium rate increases in Plan Year 2027 due to outmigration of healthy members, rising costs of prescription drugs, and other significant structural challenges.

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