NJ’s Tax Revenues Have Been Thriving, But Watch Out

njspotlightnews.org

In the latest figures released by the Murphy administration, several key sources of revenue — like the sales and income taxes — were on pace to beat projected year-end targets.

Overall, tax receipts were booming, and total collections were up by more than 20% year-over-year as of the end of December, according to the Department of Treasury.