New Jersey revenue collections up 7 percent in September
New Jersey's revenue collection for September are up 7 percent compared with 2014 and the state's year-to-date receipts have risen nearly 5 percent from the same period in the last fiscal year.
The Treasury said Friday the state collected about $2.9 billion in September 2015, up from roughly $2.7 billion the previous September. For the fiscal year to date, New Jersey brought in just over $5 billion, compared with $4.8 billion at this time last year.
The Treasury data show the state's income and sales taxes have improved over last fiscal year, but the corporation business tax has declined by 15 percent year to date.
The monthly data also shows the state's revenue is above projections at 4.7 percent. The Christie administration expected a gain of 3.4 percent.
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