N.J. February Revenue Helps Cut Shortfall to $194 Million
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New Jersey’s February revenue came in 9.5 percent ahead of projections, helping to narrow the current fiscal year’s shortfall to $194 million, according to Treasurer Andrew Sidamon-Eristoff’s office.
Monthly collections were 8.3 percent higher than in February 2012, according to data released by the treasurer’s office. For the eight months ended Feb. 28, revenue remains 1.3 percent under Governor Chris Christie’s goal, the data show.