Official Site of The State of New Jersey

TRENTON - The Department of the Treasury reported today that March revenue collections for the major taxes totaled $3.398 billion, down $285.2 million, or 7.7 percent below last year. Fiscal year-to-date, total major revenues of $29.460 billion are down $680.7 million, or 2.3 percent lower than the same period last year.

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TRENTON - RetireReady NJ, the first State-administered retirement savings program, is seeking employers to participate in its pilot launch that is scheduled to begin in spring 2024.

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TRENTON - The Department of the Treasury reported today that February revenue collections for the major taxes totaled $2.802 billion, down $66.4 million, or 2.3 percent lower than last year. February is a relatively minor month for revenue collections, with no key payment due dates. The month saw declines in the Gross Income Tax and the Corporation Business Tax due to elevated and accelerated refund activity.

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TRENTON - State Treasurer Elizabeth Maher Muoio announced that Governor Murphy's Detailed Budget book for Fiscal Year 2025 is now available online through the Department of the Treasury's Office of Management and Budget website.

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TRENTON - The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.094 billion, up $200.9 million, or 4.1 percent over last year. The growth in total revenues was led by higher collections from the Gross Income Tax, the Sales and Use Tax, and the Pass-Through Business Alternative Income Tax. Fiscal year-to-date, total revenue collections of $23.260 billion are down $329.1 million, or 1.4 percent from the same period last year.

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