- State revenues are on target with healthy revenue collections
- No significant surprises in tax collections in April
- Treasurer projects total aggregate forecast for 2024 and 2025
- Questions raised about increasing NJ sales tax to 7%
- State Senate budget committee considering stable revenue funding sources
- Committee chair suggests increasing sales tax for property tax relief and education funding
- All options, including sales tax increase, are being considered for budget deliberations
Source: eu.northjersey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
