9%

Increase in NJ income tax revenue in July

August 15, 2024 | Number of The Day

This week has brought some good economic news, led by slowing inflation on the national level. And New Jersey has some positive signs as well for the first month of the fiscal year, with Treasury officials announcing state income-tax collections were up for the month of July by $110 million, or about 9%, compared to the same month last year.

Read NJ Spotlight News’ coverage of the latest revenue numbers and other economic signals and what they mean for the state.