Official Site of The State of New Jersey

(TRENTON) — The Department of the Treasury reported today that April revenue collections for the major taxes totaled $7.386 billion, up $444.9 million, or 6.4 percent ahead of last April.

Read More

(TRENTON) - State Treasurer Elizabeth Maher Muoio 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 2025 through Fiscal Year 2026.

Read More

(TRENTON) - The Department of the Treasury reported today that March revenue collections for the major taxes totaled $3.951 billion, up $553.0 million, or 16.3 percent above last year. The growth in total revenues was mainly driven by higher payments from the Pass-Through Business Alternative Income Tax (PTBAIT) and the Corporation Business Tax (CBT). Fiscal year-to-date, total major revenues of $31.063 billion are now running $1.603 billion, or 5.4 percent above the same period last year, in line with the year-end target growth.

Read More

(TRENTON) – State Treasurer Elizabeth Maher Muoio and Department of the Treasury officials testified before the Senate Budget and Appropriations Committee at the State House today, providing a detailed update on revenue projections for the remainder of Fiscal Year 2025 through Fiscal Year 2026. The following is a copy of the testimony, as prepared for delivery:

Read More

(TRENTON) - The Department of the Treasury reported today that February revenue collections for the major taxes totaled $3.180 billion, higher by $378.5 million, or 13.5 percent, over last year. The growth in total revenues was largely due to lower refunds under the Gross Income Tax (GIT) and the Corporation Business Tax (CBT). Fiscal year-to-date, total major revenues of $27.112 billion are up $1.050 billion, or 4.0 percent above last year, and approaching the year-end target growth.

Read More