Breaking News

ConocoPhillips Second-Quarter Adjusted EPS $1.61, Matching Estimates
Tweet TWEET

New Jersey Income-Tax Collections Offset Drops in Other Revenue

New Jersey revenue collections for the first two months of the fiscal year that began July 1 were less than 1 percent higher than budget forecasts, Treasurer Andrew Sidamon-Eristoff said in a statement today.

Collections from six of the largest sources of state revenue missed projections, including the casino tax, which was 17.5 percent below estimates. Income-tax collections were 8.9 percent over budget, making up for the other revenue declines, according to the treasury department.

To contact the editor responsible for this story: Stacie Servetah at sbabula@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.