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N.J. Revenue Trails Budget as Christie Touts Comeback

New Jersey receipts from income and corporate taxes fell short of Governor Chris Christie’s budget targets last month and appear to be on pace to trail the same period a year earlier, according to legislative analysts.

Preliminary information indicates collections from both levies fell in April, according to a May 3 memo from the nonpartisan Office of Legislative Services. The e-mail to lawmakers, which was obtained by Bloomberg News, said a detailed figure won’t be available until May 14.