Official Site of The State of New Jersey

(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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(TRENTON) - New Jersey's Secure Choice Savings Board announced today the appointment of Todd Hassler as the first Executive Director of the Secure Choice Savings Program, concluding a nationwide search for a leader tasked with implementing a state-sponsored retirement plan designed to help private sector employees save for the future.

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(TRENTON) - The Department of the Treasury reported today that November revenue collections for the major taxes totaled $2.580 billion, up $12.5 million, or 0.5 percent above last November. Fiscal year-to-date, total revenues of $13.949 billion are up $1.249 billion, or 9.8 percent over the same five months last year. Revenue collections growth to date continues to be positive. However, Treasury still 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.

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(TRENTON) - New Jersey State Treasurer Elizabeth Maher Muoio and Human Services Commissioner Sarah Adelman today announced that a one-time benefit of $500 per eligible resident under the Individual Taxpayer Identification Number (ITIN) Direct Assistance Program will be mailed this month to income-eligible New Jersey individuals and families who were not eligible for federal stimulus payments and file taxes using an ITIN.

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(TRENTON) - Governor Phil Murphy, Senate President Nicholas Scutari, and Assembly Speaker Craig Coughlin today announced that the State of New Jersey is extending the application deadline and expanding eligibility for the new ANCHOR property tax relief program and will embark on an aggressive advertising and marketing campaign to make sure every eligible New Jerseyan takes advantage of the sizable relief.

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(TRENTON) – The Department of the Treasury reported that October revenue collections for the major taxes totaled $2.973 billion, up $202.4 million or 7.3 percent above last October. Year-to-date, total collections of $11.370 billion are up $1.237 billion, or 12.2 percent over the same four months last fiscal year.

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(TRENTON) - State Treasurer Elizabeth Maher Muoio announced today that Candice M. Alfonso has been appointed as Chief Diversity Officer (CDO) and Director of the Office of Diversity and Inclusion (ODI) and will begin serving in these roles on Monday, November 14.

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(TRENTON) - The Department of the Treasury reported today that September revenue collections for the major taxes totaled $5.102 billion, up $539.4 million or 11.8 percent above last September. Year-to-date, total collections of $8.397 billion are up $1.034 billion, or 14.0 percent, over the same period last fiscal year.

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(TRENTON) - Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio today welcomed news that Moody's Investors Service has joined the other three major credit rating agencies in upgrading New Jersey's outlook from stable to positive. Since the enactment of the FY2022 State budget last year, New Jersey has received three credit rating upgrades and is now on positive outlook with all four major credit rating agencies – Moody's, S&P, Fitch, and KBRA.

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(TRENTON) - Esta semana, se comenzaron a enviar por correo postal instrucciones importantes sobre cómo participar en el nuevo programa de Comunidades Asequibles de New Jersey para Propietarios e Inquilinos (ANCHOR, por sus siglas en inglés) a los residentes elegibles, con lo cual se lanzó oficialmente el programa más grande de ayuda para el impuesto inmobiliario en la historia de New Jersey.

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(TRENTON) - The Department of the Treasury reported today that August revenue collections for the major taxes totaled $2.812 billion, an increase of $365.7 million or 14.9 percent above last August. Year-to-date, total collections of $3.294 billion are up $494.9 million, or 17.7 percent above the same period last fiscal year.

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(TRENTON) - La tesorera de Estado, Elizabeth Maher Muoio les recuerda a los residentes que cumplen los requisitos para el programa de reembolso de impuestos a la propiedad, Senior Freeze, solicitar el beneficio antes de la fecha límite del 31 de octubre de 2022.

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(TRENTON) - Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio praised today’s decision by Fitch Ratings to upgrade New Jersey’s credit rating on general obligation bonds to “A” from “A-” while also maintaining the state’s outlook at positive. Since the enactment of the FY2022 State budget last year, New Jersey has received three credit rating upgrades and is currently on positive outlook with S&P, Fitch, and KBRA.

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(TRENTON) - Important instructions on how to file for the new Affordable NJ Communities for Homeowners and Renters (ANCHOR) program have started being mailed out today to eligible residents, officially launching the largest property tax relief initiative in New Jersey history.

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(TRENTON) — State Treasurer Elizabeth Maher Muoio is reminding residents eligible for the Senior Freeze property tax reimbursement program to apply for the benefit prior to the October 31, 2022 deadline.

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(TRENTON) — After a thorough review of fuel consumption statistics and consultation with the Legislative Budget and Finance Officer, the Department of the Treasury announced on Monday that New Jersey’s gas tax rate will decrease by 1.0 cent per gallon beginning October 1 to comport with the 2016 law that requires a steady stream of revenue to support the State’s Transportation Trust Fund (TTF) program.

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(TRENTON) — Con el regreso a clases a la vuelta de la esquina, el Departamento del Tesoro de Nueva Jersey les recuerda a los padres, maestros y estudiantes que aprovechen el feriado estatal de impuestos sobre las ventas de regreso a clases que comienza el próximo fin de semana.

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(TRENTON) — The New Jersey Department of the Treasury’s Unclaimed Property Administration returned a record $163 million in assets to rightful owners in Fiscal Year 2022, which concluded at the end of June. More than 200,000 new assets were reported to the State this year alone that are now waiting to be returned to the public.

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(TRENTON) — Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio praised the decision today by rating agency S&P to upgrade the outlook for New Jersey’s general obligation bonds from stable to positive. Since the enactment of the FY 2022 State budget last year, New Jersey has received two credit rating upgrades and five outlook upgrades from all four major rating agencies.

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(TRENTON) — With the back-to-school season around the corner, the New Jersey Department of the Treasury is reminding parents, teachers, and students to take advantage of the statewide back-to-school sales tax holiday that begins next weekend.

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(TRENTON) — The Department of the Treasury reported today that July revenue collections for the major taxes totaled $2.792 billion, an increase of $301.1 million, or 12.1 percent above last July.

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(TRENTON) — Governor Phil Murphy today signed the Fiscal Year 2023 (FY2023) Appropriations Act into law. The FY2023 budget builds on the historic progress made over the last four years, maintaining the Governor’s commitment to prioritizing affordability, while delivering record tax relief and making transformative one-time investments.

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(TRENTON) — The Department of the Treasury reported that May revenue collections for the major taxes totaled $3.282 billion, down $2.072 billion, or 38.7 percent, below last May. This dip was expected due to the fact that the deadline for filing individual income tax returns was postponed to May 17 last year, creating a surge in filings that typically come in during April. However, fiscal year-to-date, total collections of $40.816 billion are up $6.679 billion, or 19.6 percent above the same eleven months last year.

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The New Jersey Department of the Treasury has announced that beginning July 1, notaries public in New Jersey will be required to complete new educational and testing requirements during the notary commissioning process.

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New Jersey State Treasurer Elizabeth Maher Muoio was presented with the New Jersey Coalition for Financial Education’s (NJCFE) President’s Award in recognition of the State’s launch of the NJ FinLit financial wellness platform during the coalition’s Spring Conference this morning.

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Record April Collections Help FY 2022 Revenues Soar Past Pre-Pandemic Trend Line with $13.4 Billion Jump Since FY 2020
Murphy Administration Looks to Use Revenue Boost for Additional Property Tax Relief, Debt Reduction, and Building Up Surplus
Revenue Growth Expected to Moderate for Fiscal Year 2023 as Economic Concerns Loom
(TRENTON) – The Department of the Treasury testified before the Senate Budget and Appropriations Committee at the State House today, providing a detailed update on revenue projections for the remainder of Fiscal Year 2022 (FY 2022) through Fiscal Year 2023 after sizing up collections for the all-important month of April, noting that revenues have now surged $13.4 billion higher than at the close of FY 2020 when the pandemic was in its infancy.

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El sitio ofrece soluciones a la medida, personalizadas y notificables para los residentes de todo el espectro socioeconómico.
(TRENTON) – Como parte del mes de la educación financiera a nivel nacional, el gobernador Murphy anunció la semana pasada en el programa Invest in You: Ready. Set. Grow. de CNBC que el Departamento del Tesoro de New Jersey ha lanzado esta tarde NJ FinLit, una plataforma gratuita de bienestar financiero para todos los residentes adultos del estado.

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The site offers customized, personalized, and reportable solutions for residents across the socio-economic spectrum
(TRENTON) – As part of National Financial Literacy Month, Governor Phil Murphy announced during CNBC's Invest in You: Ready. Set. Grow. event today that the New Jersey Department of the Treasury has launched NJ FinLit, a free financial wellness platform for all adult state residents, this afternoon.

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Robust Growth Expected to Continue through Fiscal Year 2022 While Revenues Are Expected to Moderate for Fiscal Year 2023
Key Investments in Gov. Murphy's Proposed Budget Will Build Upon the Progress that has Led to Two Recent Credit Rating Upgrades
(TRENTON) – State Treasurer Elizabeth Maher Muoio testified before the Assembly Budget Committee at the State House today, providing a detailed update on revenue projections for the remainder of Fiscal Year 2022 through Fiscal Year 2023 as the economy is expected to right-size after two years of surging revenue increases.

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Ratings agency raises New Jersey's general obligation bonds to ‘A-' from 'BBB+' with a stable outlook

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State Treasurer Elizabeth Maher Muoio announced that Governor Murphy’s Detailed Budget book for Fiscal Year 2023 is now available online through the Department of the Treasury’s Office of Management and Budget website.

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The Department of the Treasury's Unclaimed Property Administration (UPA) announced a record $3.9 million contribution to help provide assistance to low and moderate income New Jersey households struggling to pay their utility bills. The aid – up from $3.6 million last year – supports the nonprofit Affordable Housing Alliance's efforts to assist families with utility costs.

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The Department of the Treasury reported that February revenue collections for the major taxes totaled $3.038 billion, up $294.9 million, or 10.8 percent above last February. Fiscal year-to-date, total collections of $25.850 billion are up $4.357 billion, or 20.3 percent above the same eight months last year.

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Governor Phil Murphy delivered his fifth annual budget address on Tuesday, outlining a spending proposal for Fiscal Year 2023 (FY2023) that builds on the historic progress made over the last four years...

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Citing steps taken to "aggressively" address liability burdens, Moody's Investors Services announced today it is upgrading New Jersey's general obligation bonds to an A2 credit rating from A3, with a stable outlook.

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The Department of the Treasury reported that January revenue collections for the major taxes totaled $4.701 billion, up $621.6 million, or 15.2 percent above last January. Fiscal year-to-date, total collections of $22.812 billion are up $4.062 billion, or 21.7 percent above the same seven months last year.

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The Department of the Treasury this week successfully completed the last in a series of transactions necessary to ultimately retire more than $3 billion in combined debt principal and interest, saving taxpayers more than half a billion dollars in the process.

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Con el Día de Concientización del Crédito Tributario por Ingreso del Trabajo, el Departamento de Tesorería de NJ lanzó hoy una campaña de concientización en todo el estado que incentiva a todos los contribuyentes elegibles para que se beneficien del programa ampliado de Nueva Jersey, el cual puede proveer desde varios cientos hasta varios miles de dólares como ayuda económica para quienes puedan unirse.

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In tandem with national Earned Income Tax Credit Awareness Day, the NJ Department of the Treasury today launched a statewide awareness campaign to encourage every eligible taxpayer to take advantage of New Jersey’s expanded program, which can provide anywhere from several hundred to several thousand dollars in relief to those who are eligible.

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The New Jersey Department of the Treasury announced today the launch of a new, simplified way for New Jersey employers to complete annual payroll tax filings with the State.

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The Department of the Treasury reported today that December revenue collections for the major taxes totaled $5.411 billion, up $1.110 billion, or 25.8 percent above last December. Fiscal year-to-date, total collections of $18.111 billion are up $3.441 billion, or 23.5 percent above the same six month period last year.

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Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio praised the decision by Kroll Bond Rating Agency to upgrade the outlook for New Jersey's general obligation bonds from stable to positive.

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The Department of the Treasury reported that November revenue collections for the major taxes totaled $2.567 billion, up $305.6 million, or 13.5 percent above last November. Fiscal year-to-date, total collections of $12.70 billion are up $2.33 billion, or 22.5 percent above the same five months last year.

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The Department of the Treasury reported that October revenue collections for the major taxes totaled $2.770 billion, up $269.3 million, or 10.8 percent, above last October. Year-to-date, total collections of $10.133 billion are up $2.025 billion, or 25.0 percent above the same four months last year.

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After more than 50 years as home to the New Jersey Department of the Treasury’s Division of Taxation, the prominent ten-story, 230,000 square foot office building at 50 Barrack Street, in the heart of downtown Trenton, is ready for new life.

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State Treasurer Elizabeth Maher Muoio today announced several senior staff appointments within the State Treasurer’s Office to fill recent vacancies and help round out the leadership team as the administration begins its second term. In doing so, Muoio announced the appointment of Aaron Binder as Deputy State Treasurer and the elevation of both Andrea Spalla and Michael Kanef to the roles of Assistant Treasurer.

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Pursuant to the New Jersey Debt Defeasance and Prevention Act, the Department of the Treasury announced that issuing officials met today and authorized the State to defease certain General Obligation (GO) bonds to reduce the State’s debt reliance and to save on future interest payments.

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As part of the Murphy Administration's ongoing efforts to broaden opportunities for Minority, Women, and Veteran-Owned Business Enterprises (MWVBEs), the Department of the Treasury's Office of Diversity and Inclusion is making great progress in overseeing a statewide disparity study, engaging more than 70 state agencies and over 500 individuals through a recent series of virtual town halls.

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The Department of the Treasury reported that September revenue collections for the major taxes totaled $4.563 billion, up $1.095 billion, or 31.6 percent above last September. Fiscal year-to-date, total collections of $7.362 billion are up $1.755 billion, or 31.3 percent above the same three months last year.

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At today's meeting of the State Investment Council, Treasury's Division of Investment reported that New Jersey's Pension Fund generated a final, unaudited return of 28.63 percent for the 12-month period ending June 30, 2021, far surpassing any annual return on record for the last 20 years, as well as the 7.3 percent statutory assumed rate of return for Fiscal Year 2021 (FY 2021).

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The NJ Treasury Department announced today that Assistant State Treasurer Dini Ajmani departed from the Treasurer’s Office on September 24, after serving nearly four years in this role, to take on a position in the U.S. Treasury as Deputy Assistant Secretary for Capital Markets.

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The Department of the Treasury reported that August revenue collections for the major taxes totaled $2.446 billion, up $488.7 million, or 25.0 percent above last August. Year-to-date, total collections of $2.780 billion are up $659.8 million, or 30.8 percent above the same two initial months last year.

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The New Jersey Department of the Treasury's Division of Investment issued the following statement today regarding State pension fund holdings in Unilever plc, the parent company of Ben & Jerry's:

"Following the letter and spirit of the law, the State of New Jersey's Division of Investment, working with its independent consultant, ISS, conducted a review of the actions of Ben & Jerry's and its parent company, Unilever, to determine whether such actions constituted a boycott of Israel or companies operating in Israel or Israeli-controlled territory. Following this review, the division reached a preliminary determination that Unilever's actions did in fact constitute such a boycott and sent a letter to Unilever notifying the company of its provisional determination. Upon final determination, no pension fund assets may be invested in the company, and DOI shall take appropriate action to sell or divest any existing pension fund investments," said Shoaib Khan, Director of the NJ Division of Investment.

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(Lower Alloways Creek, NJ) – Governor Phil Murphy today joined U.S. Secretary of Labor Marty Walsh, Senate President Stephen Sweeney, President of the New Jersey State Building & Construction Trades Council Bill Mullen, AECOM Tishman Community Relations Director Flora Ramos, elected officials, union leaders, environmental advocates, private sector partners, and representatives of the offshore wind industry for the groundbreaking of the New Jersey Wind Port, a first-in-the-nation infrastructure investment that will provide a location for essential staging, assembly, and manufacturing activities related to offshore wind projects on the East Coast.

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(TRENTON) – State Treasurer Elizabeth Maher Muoio announced today that the New Jersey Division of Taxation is following the lead of the IRS and extending tax filing and payment deadlines for certain taxpayers impacted by Tropical Storm Ida.

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(TRENTON) – The NJ Treasury Department announced today that Deputy State Treasurer Catherine Z. Brennan will be departing the Treasurer's Office on September 17, after 27 years of service to the State of New Jersey, to assume the new role of Senior Vice President /Chief Financial Officer for New Jersey Institute of Technology (NJIT).

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(TRENTON) – After a thorough review of fuel consumption statistics and consultation with the Legislative Budget and Finance Officer, the Department of the Treasury announced on Tuesday that New Jersey’s gas tax rate will decrease by 8.3 cents per gallon beginning October 1 to comport with the 2016 law that requires a steady stream of revenue to support the State’s Transportation Trust Fund (TTF) program.

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(TRENTON) – The New Jersey Department of the Treasury announced today that reforms instituted across the School Employees’ Health Benefits Program (SEHBP) in recent years have led to sizable reductions in projected premium rates for next year, including a first-ever one-month contribution “holiday” that will save participating employees and school districts over $100 million.

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(TRENTON) – The Department of the Treasury today reported that July revenue collections for the major taxes totaled $2.491 billion, down $2.645 billion, or 51.5 percent below last July. This decline was anticipated because last July was atypical, witnessing heightened collections due to the fact that the state and federal government extended the tax filing deadline for individual and corporate taxpayers from April 15 to July 15 in light of the COVID-19 pandemic.

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(TRENTON) – Governor Phil Murphy, Acting Governor Sheila Oliver, and State Treasurer Elizabeth Maher Muoio today praised the decision by Fitch Ratings to upgrade the outlook for New Jersey’s general obligation bonds from negative to positive.

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(TRENTON) – A team of more than 60 investigators from the New Jersey Department of Labor and Workforce Development (NJDOL) and the Department of the Treasury, supported by other state agencies, conducted an unannounced investigation of a construction site at 88 Regent Street in Jersey City in response to allegations of worker misclassification.

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(TRENTON) – Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio welcome the decision by S&P Global Ratings to upgrade the outlook for New Jersey's general obligation bonds from stable to positive. 

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(TRENTON) – The New Jersey Lottery Commission held its July Commission meeting last week and announced its unaudited results for the fiscal year that ended on June 30, 2021, posting a record $3.68 billion in sales, the highest in Lottery history and 14.6% higher than Fiscal Year 2020. 

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(TRENTON) – Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio today applauded the decision by Moody’s Investors Service to upgrade the outlook for New Jersey’s general obligation bonds from stable to positive. 

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(TRENTON) – State Treasurer Elizabeth Maher Muoio announced that the Treasury Department today kicked off the start of the new fiscal year by paying the full state-funded portion of the $6.9 billion pension contribution slated for Fiscal Year 2022 (FY 2022). This marks the first time in more than 25 years that New Jersey is making the full Actuarially Determined Contribution to the Pension Fund, plus an additional $505 million contribution, and also the first time in years that the state has made a lump sum payment, rather than quarterly payments. 

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(WOODBRIDGE) – Governor Phil Murphy signed the Fiscal Year 2022 (FY 2022) Appropriations Act into law today, working in partnership with the Legislature to develop a responsible and bold budget that meets the State’s current and future obligations, makes New Jersey more affordable for working and middle-class families, provides record investments in education, supports an inclusive pandemic recovery, and invests in small businesses and long-term economic growth. 

(TRENTON) — Today, Governor Murphy, Senate President Sweeney, Speaker Coughlin, Senate Budget Chair Sarlo, and Assembly Budget Chair Pintor Marin announced an agreement on key middle-class tax relief and property tax relief measures in the Fiscal Year 2022 Budget.

(TRENTON) — The Capital City Redevelopment Corporation (CCRC) Board today announced that it has approved initiating the public adoption process for the draft update to its Renaissance Plan. The Renaissance Plan was first adopted in 1989 to fuel economic development within Trenton's Capital District and to make the area a more attractive place to live, work, play, and conduct business. The update is designed to reflect changes in the social, economic, and natural environment over the last 30 years and to provide a guide for the Capital District into the future.

(TRENTON) — State Treasurer Elizabeth Maher Muoio delivered a written revenue update to the Assembly Budget Committee today, announcing that revenue collections are expected to hit an all-time high, bolstered by economic activity which has recovered more than a year earlier than national forecasters predicted just six months ago.

(TRENTON) — The New Jersey State Treasurer's Office announced today that it will be hosting the Treasurer's Symposium on COVID, Women and the Economy: Avoiding the Next "She-cession" on Friday, June 4, 2021.

(TRENTON) — State Treasurer Elizabeth Maher Muoio testified before the Assembly Budget and Appropriations Committee today, providing an update on the Department of the Treasury's departmental operations, with a brief update on the state's revenue situation. Due to the extension of the tax filing deadline to May 17, a more detailed revenue update will be provided in the first half of June after the bulk of payments have been processed. Below is the Treasurer's testimony, as prepared for delivery.

(TRENTON) — The Department of the Treasury reported that April revenue collections began what will effectively be a two-month filing season, as many taxpayers elected to postpone the traditional filing of April tax returns due to the extension of the filing deadline to May 17.

(TRENTON) — New Jersey Department of the Treasury’s Division of Investments Director Corey Amon announced Tuesday that he is resigning his position, effective June 4, to pursue a new opportunity. Shoaib Khan, Deputy Director of the Division, will serve as Acting Director following Amon’s departure to ensure a seamless transition in order to protect the retirement of hundreds of thousands of public employees.

(TRENTON) — In response to a report issued by Governor Murphy’s Task Force on Employee Misclassification, the New Jersey Department of the Treasury has made significant strides to deter misclassification by organizations that do business with the State in order to help address the underlying causes that lead to ever-widening income inequality.

(TRENTON) — During National Small Business Week, State Treasurer Elizabeth Maher Muoio announced that the Department of the Treasury will be indefinitely waiving the $100 filing fee to become certified as a Small, Minority, Woman, or Veteran-owned Business Enterprise (SMWVBE).

(TRENTON) — The Department of the Treasury conducted the successful refinancing of previously issued Transportation Trust Fund Authority (TTFA) bonds this week, bringing the total savings secured for New Jersey taxpayers under the Murphy Administration to just over $1 billion.

(TRENTON) — The Department of the Treasury today reported that March revenue collections for the major taxes totaled $2.821 billion, up $933.5 million, or 49.4 percent, over last March. Fiscal year-to-date, total revenue collections of $24.314 billion are up $1.916 billion, or 8.6 percent above the same nine-month period last year.

(TRENTON) – State Treasurer Elizabeth Maher Muoio released the following statement on the decision by Moody’s Investor Services to upgrade New Jersey’s outlook from negative to stable due to the better than expected revenue performance in Fiscal Year 2021, and the expectation that large resulting fund balances will support budget flexibility through the coronavirus recovery:

Revenues Projected to Grow By 4% for FY2022 After Volatile Nationwide Forecasting Year;
Key Investments in Gov. Murphy’s Proposed Budget Will Help NJ Rebound from Pandemic Stronger & More Resilient
(TRENTON) – State Treasurer Elizabeth Maher Muoio testified before the Senate Budget & Appropriations Committee at the State House today, providing a detailed update on improving revenue projections for the remainder of Fiscal Year 2021 through Fiscal Year 2022, and outlining the critical investments Gov. Phil Murphy has proposed to help New Jersey emerge from the pandemic stronger, fairer, and more resilient.

(TRENTON) – Governor Phil Murphy, Treasurer Elizabeth Muoio, Senate Budget and Appropriations Committee Chairman Paul Sarlo, and Assembly Budget Committee Chairwoman Eliana Pintor Marin today announced that the state income tax filing and payment due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021 to mirror actions taken by the IRS. The extension was made under the authority of the Department of Treasury's Director of the Division of Taxation. Formal guidance will be provided in the coming days.

(TRENTON) – The Department of the Treasury reported that February revenue collections for the major taxes totaled $2.743 billion, up $189.0 million, or 7.4 percent, over last February. Fiscal year-to-date, total revenue collections of $21.493 billion are up $982.3 million, or 4.8 percent above the same eight month period last year.

(TRENTON) – The Department of the Treasury reported that January revenue collections for the major taxes totaled $4.1 billion, up $10.3 million, or 0.3 percent, above last January. Fiscal year-to-date, total collections of $18.75 billion are up $793.3 million, or 4.4 percent above the same seven months last year.

(TRENTON) – In an effort to aid small businesses impacted by the COVID-19 pandemic, Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio announced today that New Jersey will follow the federal government's lead in allowing Paycheck Protection Program (PPP) loans to be tax exempt at the state level and enabling recipients to deduct business expenses that were paid with the tax-exempt loan proceeds, thereby enhancing the tax benefits of the loans.

(TRENTON) – Con el Día de Concientización del Crédito Tributario por Ingreso del Trabajo, el Departamento de Tesorería de NJ lanzó hoy una campaña de concientización en todo el estado que incentiva a todos los contribuyentes elegibles para que se beneficien del programa ampliado de Nueva Jersey, el cual puede proveer desde varios cientos hasta varios miles de dólares como ayuda económica para quienes puedan unirse.

(TRENTON) –– The Department of the Treasury’s Unclaimed Property Administration (UPA) announced a record $3.6 million to help provide assistance to low and moderate income New Jersey households struggling to pay their utility bills. The contribution, presented to the Affordable Housing Association on National Unclaimed Property Day, is an increase from last year’s $3.2 million contribution.

(TRENTON) –– In tandem with national Earned Income Tax Credit Awareness Day, the NJ Department of the Treasury today launched a statewide awareness campaign to encourage every eligible taxpayer to take advantage of New Jersey’s expanded program, which can provide anywhere from several hundred to several thousand dollars in relief to those who are eligible.