Official Site of The State of New Jersey

(TRENTON) — This week, The New Jersey Department of the Treasury’s Division of Taxation began mailing ANCHOR property tax relief confirmation letters to about 1 million residents. The letters confirm eligibility and outline benefit details for this year’s program.

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(TRENTON) — The Department of the Treasury reported today that July revenue collections for the major taxes totaled $3.326 billion, an increase of $88.7 million, or 2.7 percent above last year. The revenue increase was led by higher net collections from the Gross Income Tax (GIT). Total major revenues of $50.179 billion for the 13-month period ending in July were up by $2.839 billion, or 6.0 percent above the same period last year, in line with current expectations.

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(TRENTON) — S&P Global Ratings today upgraded its rating on New Jersey’s general obligation bonds to A+ from A, citing the Murphy Administration’s work to increase its surplus and reduce long-term liabilities. This is the State’s eighth credit rating upgrade since Governor Murphy took office.

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(TRENTON) — Pursuant to the Fiscal Year 2026 (FY2026) Appropriations Act, P.L. 2025, c. 74, on July 31, the State representatives of the State Health Benefits Program Plan Design Committee (“SHBP PDC”) submitted legislatively-mandated recurring cost saving plan design proposals for the New Jersey State Health Benefits Program to Aon, the actuary contracted by the State to service the public health benefit plans. Per this fiscal year’s budget, the recurring cost savings that are ultimately chosen must save a total of $100 million in State funds during the first six months of Plan Year 2026. Labor representatives on the SHBP PDC also submitted their recurring cost savings proposals to Aon.

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(TRENTON) — AON, the actuary that services the various state health benefits plans, today released to the State Health Benefits Commission (SHBC) and the School Employees' Health Benefits Commission (SEHBC) recommended rate increases for the three state-administered plans, recommending double-digit percentage increases for all three.

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