The Night: by
Altrok: Altrok on 90.5 HD2 by
BSR: Apple Of My Eye by Ed Harcourt
FMFlashback: L'America by The Doors
Listen
Become A
Member

NJ revenue collections for May exceed projection



TRENTON, N.J. (AP) — New Jersey collected $93 million more in taxes and fees in May than officials had projected.

The Treasury Department released the details on Monday, saying it was the sixth consecutive month of better-than-expected revenue collections. Top revenue gains came in income and sales tax collections, both of which topped revised targets.

The fiscal year began with several sluggish months, leading a legislative analyst to project a potential revenue gap of more than $900 million through June 2014. That number has since been lowered by $200 million.

The budget is based on anticipated revenues in a state where spending cannot exceed collections.