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Department of the Treasury

Treasury Press Releases

Date Title Link Type
Date Title Link Type
Feb
14
2024

TRENTON - The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.094 billion, up $200.9 million, or 4.1 percent over last year. The growth in total revenues was led by higher collections from the Gross Income Tax, the Sales and Use Tax, and the Pass-Through Business Alternative Income Tax. Fiscal year-to-date, total revenue collections of $23.260 billion are down $329.1 million, or 1.4 percent from the same period last year.

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Feb
12
2024

TRENTON - The Department of the Treasury’s Division of Taxation on Monday began mailing applications for the 2023 Senior Freeze Property Tax Reimbursement program, which has been significantly expanded for the 2023 filing season to increase the income eligibility limit substantially and simplify the residency requirement for new applicants.

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Feb
5
2024

TRENTON - As the 2023 tax filing season kicks off, the New Jersey Department of the Treasury is reminding taxpayers to find out if they are eligible for the State’s Earned Income Tax Credit, which was expanded in recent years to provide several hundred to several thousand dollars in relief to qualifying residents.

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Feb
1
2024

TRENTON - In recognition of Unclaimed Property Day on February 1st, the Department of the Treasury is encouraging the public to find out if they are one of nearly 33 million people in the United States with unclaimed assets like forgotten bank accounts, unpaid life insurance benefits, utility deposits, and unused rebate cards.

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Jan
29
2024

TRENTON - Over $2.1 billion was distributed to more than 1.8 million New Jersey homeowners and renters during the most recent ANCHOR program, making it the single largest property tax relief program in State history.

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Jan
23
2024

TRENTON - Governor Phil Murphy and Treasurer Elizabeth Maher Muoio today announced the release of a comprehensive statewide disparity study examining public contracting opportunities for Minority and Women-Owned (MWBE) businesses. The study, conducted by Mason Tillman and Associates (MTA), reviewed statewide procurement data relating to goods and services, professional services, and construction over a five-year span and concluded that disparity in the awarding of public contracts exists across multiple minority-owned and women-owned business enterprises in those sectors.

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Jan
18
2024

TRENTON - Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio announced today that the Department of the Treasury has successfully completed the most recent effort to retire outstanding debt, saving taxpayers some $160 million and reducing the State's total debt by almost $500 million.

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Jan
17
2024

TRENTON - The Department of the Treasury reported that December revenue collections for the major taxes totaled $4.602 billion, down $144.8 million, or 3.1 percent below last year. Total revenues fell primarily as a result of higher refund disbursement from the Gross Income Tax and the Corporation Business Tax compared with last December. Year-to-date, total revenue collections of $18.166 billion are down $529.9 million, or 2.8 percent from the same period last fiscal year.

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Last Updated: Wednesday, 02/14/24