Official Site of The State of New Jersey

(Trenton) - The Department of the Treasury testified before the Assembly Budget Committee at the State House today, providing a detailed update on revenue projections for the remainder of Fiscal Year 2023 through Fiscal Year 2024 after analyzing collections for the all-important month of April.

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(Trenton) – The Department of the Treasury reported today that April revenue collections for the major taxes totaled $6.969 billion, down $1.161 billion, or 14.3 percent from last April. Fiscal year-to-date total collections of $37.110 billion are now lower by $423.7 million, or 1.1 percent below the same period last year.

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(Trenton) – For the fourth time in less than a month a major ratings agency has upgraded New Jersey’s credit rating, as Kroll Bond Rating Agency (KBRA) today boosted the state to ‘A+’ from ‘A’.

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(Trenton) - The Department of the Treasury reported today that March revenue collections for the major taxes totaled $3.684 billion, up $130.1 million, or 3.7 percent over last March. Treasury continues to expect Fiscal Year 2023 collections growth to moderate in the coming months, particularly with the Gross Income Tax now that the spring tax filing season has begun. This year’s final payments are expected to drop significantly from last year’s historically high totals. Fiscal year-to-date total collections of $30.141 billion are up $737.2 million, or 2.5 percent over the same period last year.

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(Trenton) - The New Jersey Department of the Treasury's Division of Investment announced today the hiring of Brad Johnson as Head of Private Credit.

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(Trenton) - For the second time in less than a week, a major credit ratings agency has recognized New Jersey's strengthened fiscal position as Fitch Ratings today raised the state's issuer rating to 'A+' from 'A."

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(Trenton) - Moody’s Investors Service today upgraded New Jersey’s issuer rating and its rating on the state’s general obligation bonds to ‘A1’ from ‘A2,’ citing the state’s “solid economic recovery “ and “An unprecedented level of budgetary surplus.”

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(Trenton) - Following up on an Executive Order 295 issued last year establishing a state-backed certification for LGBTQ+-owned businesses, Governor Phil Murphy and Treasurer Elizabeth Maher Muoio announced today that the Department of the Treasury has opened up a certification portal and has begun accepting registrations.

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(Trenton) - State Treasurer Elizabeth Maher Muoio testified before the Senate Budget & Appropriations Committee at the State House today, providing a detailed update on revenue projections for the remainder of Fiscal Year 2023 through Fiscal Year 2024 as revenues have begun to stabilize after three years of heavy growth.

(Trenton) - Direct deposits starting to go out now, paper checks to be mailed soon. Governor Phil Murphy and Treasurer Elizabeth Maher Muoio announced today that the first batch of ANCHOR Property Tax Relief rebate payments will be on their way to New Jerseyans who elected their rebate via direct deposit.

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(Trenton) - State Treasurer Elizabeth Maher Muoio announced that Governor Murphy's Detailed Budget book for Fiscal Year 2024 is now available online through the Department of the Treasury's Office of Management and Budget website.

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(Trenton) - The Department of the Treasury reported today that February revenue collections for the major taxes totaled $2.868 billion, down $169.7 million, or 5.6 percent from last February. Fiscal year-to-date total collections of $26.457 billion are up $607.1 million, or 2.3 percent over the same period last year.

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(NEW MILFORD) - Governor Phil Murphy and Treasurer Elizabeth Maher Muoio today announced that approximately 1.7 million New Jersey homeowners and renters applied for the first year of the State’s historic ANCHOR property tax relief program. Of the applications, more than 1.1 million were filed by homeowners and more than 480,000 were filed by renters, who were eligible for property tax relief for the first time in a generation. 

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(TRENTON) - Governor Phil Murphy delivered his sixth annual budget address on Tuesday, outlining a spending proposal for Fiscal Year 2024 (FY2024) that builds on the historic progress made over the last five years with new investments centered around expanding affordability, promoting fiscal responsibility, and creating world-class opportunities for everyone to succeed in the Next New Jersey. The Governor's proposed budget continues to increase direct property tax relief to new heights; once again provides the highest level of school funding in history; delivers a third consecutive full pension payment; and supports significant investments in the economy, workforce development, and public safety.

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(TRENTON) - The Department of the Treasury this week successfully completed the most recent effort to retire outstanding debt, saving taxpayers some $590 million and reducing the state’s total debt by almost $1 billion.

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(TRENTON) - The Department of the Treasury today reported January revenue collections for the major taxes totaled $4.893 billion, up $191.5 million, or 4.1 percent over last January. Treasury expects Fiscal Year 2023 collections growth to moderate in the coming months, particularly during the spring tax filing season when last year’s historically high collection levels are unlikely to be repeated. Fiscal year-to-date total collections of $23.589 billion are up $776.8 million, or 3.4 percent over the same period last year.

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(TRENTON) - On National Unclaimed Property Day, the New Jersey Department of the Treasury's Unclaimed Property Administration (UPA) announced a $3.9 million contribution to help provide assistance to low and moderate income New Jersey households struggling to pay their utility bills. Each year, the contribution is presented to the Affordable Housing Alliance (AHA) for the Payment Assistance for Gas and electric (PAGE) program.

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(TRENTON) - New Jersey Department of the Treasury’s Division of Investment announced today the appointment of Lisa A. Walker as deputy director and deputy chief investment officer, and William (Bill) J. Connors as deputy executive director and deputy chief investment officer.

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(TRENTON) - State Treasurer Elizabeth Maher Muoio today announced Darryl Isherwood will join the Department of the Treasury as Director of Communications. Isherwood, who is currently Sector Lead for Film and Digital Media at the New Jersey Economic Development Authority (EDA) and previously was Senior Advisor for Economic Development Communications in the Office of the Governor, will join the department on Monday, January 23.

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Los solicitantes ahora tienen hasta el 28 de febrero de 2023 para reclamar hasta USD 1,500 en alivio.
(TRENTON) - Durante el discurso del Estado esta semana, el gobernador Phil Murphy anunció que, en acuerdo común con el Presidente del Senado Nicholas Scutari y el Portavoz de la Asamblea Craig Coughlin, el Estado de Nueva Jersey extiende el plazo de solicitud para el nuevo programa de alivio de impuestos a la propiedad ANCHOR, para asegurar que todos los habitantes de New Jersey que cumplen con los requisitos aprovechen esta ayuda considerable.

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(TRENTON) - The Department of the Treasury reported today that December revenue collections for the major taxes totaled $4.747 billion, down $664.0 million, or 12.3 percent below last December. This revenue decline was anticipated, and Treasury expects Fiscal Year 2023 collections growth to further moderate in the coming months, particularly during the spring tax filing season when last year's historically high collection levels are unlikely to be repeated. Fiscal year-to-date total collections of $18.696 billion are up $585.3 million, or 3.2 percent over the same six months last year.

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Applicants Now Have Until February 28, 2023 to Claim Up to $1,500 in Relief
(TRENTON) - During his State of the State Address today, Governor Phil Murphy announced that, in concert with Senate President Nicholas Scutari and Assembly Speaker Craig Coughlin, the State of New Jersey is extending the application deadline for the new ANCHOR property tax relief program to ensure every eligible New Jerseyan takes advantage of the sizable relief.

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