State Revenue Outlook Brightens, but Questions Loom Over Proposed Budget

njspotlightnews.org

New Jersey’s revenue outlook has brightened slightly heading into the final weeks of the current fiscal year, according to new tax collection forecasts released by the administration of Gov. Phil Murphy.

In all, forecasters added about $60 million to the revenue projection for the current fiscal year, which closes June 30, state Treasurer Elizabeth Maher Muoio told lawmakers during a public hearing Tuesday (5/14).