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New Jersey Records Strong Increase in Tax Revenues in May, Treasury Department Reports
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New Jersey Records Strong Increase in Tax Revenues in May, Treasury Department Reports
TRENTON, New Jersey (June 18, 2026) — The New Jersey Department of the Treasury reported that May revenue collections for the major taxes totaled $3.646 billion, up $951.5 million, or 35.3 percent higher than last May. Fiscal year-to-date collections of $43.864 billion are up $2.721 billion, or 6.6 percent ahead of last year. The sharp increase in May collections was primarily due to revenues from last May being artificially lower. Certain allow…
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