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.

Have Ideas on Cutting Taxes in NJ?
Bartlomiej Szewczyk, ThinkStock

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.


(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

More From New Jersey 101.5 FM