TRENTON, N.J. (AP) — New figures from the state Treasury show New Jersey collected nearly $2 billion in taxes last month and collections are meeting projections.
The Treasury said Friday in a statement the July 2015 tax collection is $125 million above July 2014.READ MORE: Ray Liotta, 'Goodfellas And 'Field Of Dreams' Star, Dies At 67
Taxes collected for the 13-month period through July totaled $29.7 billion an increase of 7 percent over the previous year.READ MORE: ACCT Philly Searching For Volunteers To Join Itty Bitty Kitty Committee To Bottle-Feed Newborn Kittens Overnight
Acting Treasurer Robert Romano says collections are expected to be in line with the state’s certified projections.
That’s important because if revenue were below projections the state could have to unexpectedly cut the budget.MORE NEWS: Buddy The Cat Finds 'Furever' Home After Attacked By 2 Dogs In March
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