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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.

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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.)

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