Department of the Treasury

Treasury Press Releases

Date	Title	Link Type

Oct 29 2025	New Jersey’s Pension Fund Reports 10.96% Returns for FY2025 (TRENTON) — New Jersey’s Pension Fund generated a final, unaudited return of 10.96% for the 12-month period ended June 30, 2025, which is 3.96% above the long-term assumed rate of return, Treasury’s Division of Investment reported during Wednesday’s meeting of the State Investment Council. Read More
Oct 28 2025	Treasury Issues Explanatory Letters for PAS-1 Property Tax Relief Applications (TRENTON) — This week, the New Jersey Department of the Treasury’s Division of Taxation began mailing explanatory letters to senior homeowners who submitted the PAS-1 Combined Property Tax Relief application earlier this year. Read More
Oct 16 2025	Treasury: Revenue Collections Higher by 4.4 Percent in September (TRENTON) — The Department of the Treasury reported that September revenue collections for the major taxes totaled $5.145 billion, up $219.2 million, or 4.4 percent over last September. The revenue growth was led by increases in the Gross Income Tax (GIT) and in the Pass-Through Business Alternative Income Tax (PTBAIT). Year-to-date total collections of $8.478 billion are higher by $262.4 million, or 3.2 percent above the same period last fiscal year, tracking very close to the 3.3 percent FY 2026 projected growth. Read More
Sep 17 2025	Moody’s Upgrades New Jersey’s Credit Rating to Aa3 Ninth Credit Rating Upgrade Under the Murphy Administration (TRENTON) — Credit rating agency Moody’s today upgraded its rating on New Jersey’s general obligation bonds to Aa3 from A1, revising the outlook from positive to stable, citing financial reserves that will help the State weather economic uncertainty, along with its growing tax revenue and the Administration’s commitment to fully funding the pension system. This is the State’s ninth credit rating upgrade since Governor Murphy took office. Read More
Sep 15 2025	Treasury: August Revenues Up at Start of Fiscal Year (TRENTON) — The Department of the Treasury reported that August revenue collections for the major taxes totaled $2.811 billion, up $177.8 million, or 6.8 percent above last year. More than half of this month’s growth was attributable to the Gross Income Tax (GIT), while the Sales and Use Tax (SUT) and Casino Revenues also posted gains. Year-to-date, total revenue collections of $3.333 billion are up $43.3 million, or 1.3 percent above the same period last fiscal year. Read More