NJ Revenues Fall Short For Fiscal Year 2012, Report Shows
The New Jersey Office of Legislative Services says 2012 state revenue came in $254 million below the state’s projections.
Gov. Chris Christie disputes the figures that were released Monday by the nonpartisan office.
The OLS says the income tax collection was about $209 million higher than projected, but that corporate tax collections were $287 million below expectations.
The figures follow the state’s major revenue streams, but not every penny it brings in.
(Copyright 2012 by The Associated Press. All Rights Reserved.)