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(TRENTON) — The Department of the Treasury reported that December revenue collections for the major taxes totaled $5.166 billion, up $433.9 million, or 9.2 percent over last December. The revenue growth was driven primarily by the Gross Income Tax (GIT), while the Sales and Use Tax (SUT) and Corporation Business Tax (CBT) collections were both down. Fiscal year-to-date total collections of $19.502 billion are higher by $896.1 million, or 4.8 percent above last year, currently exceeding the FY 2026 Appropriations Act certified growth rate of 3.3 percent.

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(TRENTON) — The Capital City Redevelopment Corporation is launching the Trenton Revitalization Investment Fund to invest up to $1.7 million in the rehabilitation of vacant buildings in the Capital City District in downtown Trenton.

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(TRENTON) — "I could not be more pleased about Governor-Elect Sherrill’s choice of Aaron Binder to step up and assume leadership of this great department. I first worked with Aaron during my time as a member of the Assembly Budget Committee, and asked him to join us in Treasury in late 2021 as we prepared for the start of Governor Murphy’s second term."

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(TRENTON) — The Department of the Treasury reported that November revenue collections for the major taxes totaled $2.669 billion, up $35.1 million, or 1.3 percent over last November. The revenue growth was driven primarily by the Gross Income Tax (GIT), while Corporation Business Tax (CBT) collections were lower. Fiscal year-to-date total collections of $14.336 billion are higher by $462.2 million, or 3.3 percent above last year, matching the FY2026 Appropriations Act certified growth rate.

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(TRENTON) — In a significant step to reform New Jersey’s Farmland Assessment program, Treasury’s Division of Taxation is preparing to launch a new online application portal with the goal of improving eligibility enforcement and reducing instances of improperly granted benefits.

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