State treasury officials say revenues fell short of budget projections during the first half of New Jersey's fiscal year.

Data released Wednesday showed revenue collections came in 3.2 percent -- or $325 million -- short of expectations.

The shortfall occurred across all revenue categories, including income and sales taxes. Overall, income tax collections fell 3 percent short of expectations.

Revenue collections have lagged consistently behind state projections during the first six months of the fiscal year, a problem officials have speculated was due to the historically bad weather the state faced in 2011.

But state Treasurer Andrew Sidamon-Eristoff noted Wednesday that the state generated more revenue during the first six months of this year than last, a sign he says that the state's economy is rebounding.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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