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Secure Choice Savings Board Appoints Todd Hassler As Executive Director
Former U.S. Department of Labor Benefits Professional Selected After Nationwide Search
(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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Treasury: November Revenue Growth Moderates
(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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ICYMI: NJ Departments of the Treasury and Human Services Announce a One-Time Benefit to Be Mailed to Eligible ITIN Taxpayers this Month
(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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ICYMI: Governor Murphy Announces Extended Deadline to File for New ANCHOR Property Tax Relief Program, Expands Eligibility to Certain Renters
Homeowners & Renters Now Have Until January 31, 2023 to Claim Up to $1,500 in Relief
(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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Treasury: October Collections Remain Solid with Some Indications of Possible Slowdown
(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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Treasury Announces Appointment of Candice Alfonso as the State's Chief Diversity Officer and Director of the Office of Diversity and Inclusion
(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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Treasury: Revenue Collections Up Again in September
(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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Governor Murphy & Treasurer Muoio Welcome Moody's Decision to Upgrade New Jersey's Outlook to Positive
(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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La administración de Murphy y los líderes de la legislatura animan a los propietarios y arrendatarios elegibles a que soliciten la ayuda para el impuesto de propiedades históricas a través del nuevo programa ANCHOR
Las instrucciones para solicitar esta ayuda se enviarán por correo postal a miles de residentes, y también estarán disponibles en línea y por teléfono
(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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Treasury: August Revenues Continue Strong Start to the New Fiscal Year
(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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La tesorera Muoio insta a los residentes a solicitar el programa de reembolso de impuestos sobre la propiedad para personas mayores, Senior Freeze, antes de la fecha límite del 31 de octubre
Ya se están emitiendo los cheques a los primeros solicitantes
(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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Fitch Delivers New Jersey’s Third Major Credit Rating Upgrade this Year
(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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Murphy Administration and Legislative Leaders Encourage Eligible Homeowners & Renters to Apply for Historic Property Tax Relief Through New ANCHOR Program
(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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Treasurer Muoio Urges Residents to Apply for the Senior Freeze Property Tax Reimbursement Program Before Oct. 31 Deadline
(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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Treasury Announces Gas Tax Rate Will Decrease by 1.0 Cent Effective October 1
(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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La Exención del Impuesto Sobre las Ventas para el Regreso a Clases de NJ Hace que los Suministros Esenciales Sean Más Asequibles para Padres, Maestros y Estudiantes
(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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Treasury: Unclaimed Property Administration Returned Record $163 Million in Assets to Rightful Owners in Last Year
(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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Governor Murphy & Treasurer Muoio Praise S&P’s Decision to Upgrade New Jersey’s Credit Outlook to Positive
(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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NJ’s Back-To-School Sales Tax Holiday Makes Essential Supplies More Affordable for Parents, Teachers & Students
(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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July Revenue Collections on Target as New Fiscal Year Gets Underway
(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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Governor Murphy Signs Fiscal Year 2023 Appropriations Act into Law
(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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Treasury: Revenues Track Closely to Targets, Despite May Dip Due to Shift in Last Year's Income Tax Filing Deadline
(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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Treasury Announces New Educational and Testing Requirements for Notaries Public
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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Treasurer Muoio Honored by New Jersey Coalition for Financial Education with President’s Award for Launch of NJ FinLit
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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Treasury Delivers Updated Revenue Projections to Senate Budget Committee for FY 2022-23
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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Treasury Announces Appointment of Shoaib Khan as Director of Division of Investment
(TRENTON) – State Treasurer Elizabeth Maher Muoio announced today that Shoaib Khan, Acting Director of Treasury’s Division of Investment (DOI), has been selected as the permanent Director of the Division.
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Governor Murphy Signs Executive Order Enabling State Certification of Businesses as LGBTQ+-Owned
(LAMBERTVILLE) – Governor Phil Murphy today visited Union Coffee in Lambertville, an LGBTQ+-owned coffee shop, to sign Executive Order No. 295 instructing the New Jersey Department of the Treasury to establish a State-backed certification program for LGBTQ+-owned business enterprises. Certification, which will be free of charge, would expand access to public and private contracting opportunities and enable businesses to proudly identify as LGBTQ+-owned in their advertising.
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New Jersey’s $95 Billion Pension Fund Unveils Emerging Managers Program to Diversify Portfolio, Build the Next Generation of Investment Talent
(TRENTON) – The Murphy Administration today officially unveiled a new Emerging Managers initiative being launched by the Department of the Treasury’s Division of Investment in order to further diversify the private markets portfolio for the State of New Jersey’s roughly $95 billion pension fund, kicking off the new program with the first proposed investment of up to $250 million.
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State Authority Approves First Step in Potential Redevelopment of Former Taxation Building in the Heart of Downtown Trenton by TerraCycle US
(TRENTON) – State Treasurer Elizabeth Maher Muoio issued the following statement today after the Capital City Redevelopment Corporation (CCRC) voted to issue a Notice to Award the Sale of the former State Division of Taxation building to TerraCycle US, LLC and proceed with the negotiation of a Purchase and Sale and Redevelopment Agreement (PSARA).
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Treasury: March Revenue Collections Continue Strong Ahead of Impending Slowdown
(TRENTON) – The Department of the Treasury reported that March revenue collections for the major taxes totaled $3.553 billion, up $732.0 million, or 25.9 percent above last March. Fiscal year-to-date, total collections of $29.404 billion are up $5.089 billion, or 20.9 percent above the same nine months last year.
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Treasury Announces Upcoming Departure of Assistant Treasurer Jennifer Keyes-Maloney
(TRENTON) – The New Jersey Department of the Treasury announced today that Assistant Treasurer Jennifer Keyes-Maloney will be departing the Treasurer’s Office on April 14, after four years of service to the department, to assume the role of Associate VP of Government & College Relations at The College of New Jersey (TCNJ).
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El gobernador Murphy y la tesorera Muoio anuncian el lanzamiento de NJ FinLit, una plataforma gratuita de bienestar financiero para ayudar a los residentes de New Jersey a recuperarse de la pandemia y planificar el futuro.
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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Governor Murphy and Treasurer Muoio Announce Launch of NJ FinLit - a Free Financial Wellness Platform - to Help New Jersey Residents Rebuild from the Pandemic, Plan for the Future
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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Treasurer Muoio Testifies Before Assembly Budget Committee on Proposed FY 2023 Budget
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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S&P Issues New Jersey’s Second Credit Rating Upgrade in Less Than a Month
Ratings agency raises New Jersey's general obligation bonds to ‘A-' from 'BBB+' with a stable outlook
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Detailed Budget Book for Governor Murphy’s Proposed FY 2023 Budget Plan Now Available Online
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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Treasury's Unclaimed Property Administration Contributes Record $3.9 Million to Help Struggling NJ Households with Utility Expenses
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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February Revenue Collections Up 10.8 Percent Ahead of Impending Slowdown in Growth
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 Murphy Presents Fiscal Year 2023 Budget – “The Opportunity State: Stronger, Fairer, More Affordable”
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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Moody's Investors Service Upgrades New Jersey General Obligation Debt to A2 Credit Rating
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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Treasury January Revenue Collections Strong, Ahead of Uncertain Spring
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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Treasury Retires More than $3 Billion in State Debt, Saving New Jersey Taxpayers More than Half a Billion Dollars
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 inicio de la temporada de declaración de impuestos, la Tesorería recuerda a los contribuyentes que, como nunca antes, más personas podrán disponer de más dinero a través del programa ampliado de Crédito Tributario por Ingreso del Trabajo
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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As Filing Season Kicks Off, Treasury Reminds Taxpayers that More Money is Available to More People Than Ever Before Under Expanded Earned Income Tax Credit Program
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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Treasury Launches New Automated Payroll Service to Simplify Filings for Employers
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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Treasury: Fiscal Year 2022 Revenue Collections Remain Strong through December
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 Murphy & Treasurer Muoio Praise Kroll's Decision to Upgrade New Jersey's Credit Outlook to Positive
All Four Rating Agencies Have Now Upgraded New Jersey's Outlook Following Responsible Budget Actions
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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Treasury: November Revenue Collections Up 13.5 Percent
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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Treasury: October Revenue Collections Remain Strong
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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State Issues Request for Offers to Purchase and Redevelop the Former Taxation Building in the Heart of Downtown Trenton
Property is Ideally Situated and Eligible for State Incentives and Crucial Logistical Support
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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Treasurer Muoio Announces the Appointment of Aaron Binder as Deputy State Treasurer, Andrea Spalla and Michael Kanef as Assistant State Treasurers
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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Issuing Officials Authorize List of Potential Bonds for Defeasance
General Obligation bonds identified that fit criteria to be paid off early for State savings
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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Treasury: Progress Continues on Statewide Disparity Study of Contracting Opportunities for Minority, Women, and Veteran-Owned Businesses
New Video Highlights Treasury's Broad-Based Efforts to Boost Opportunities to Engage Diverse Businesses
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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Treasury: September Revenue Collections Up Again
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 28.63 Percent, New Jersey's Pension Fund Far Surpasses any Returns in the Last Two Decades
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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Treasury Announces Departure of Assistant State Treasurer Dini Ajmani
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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Treasury: August Revenue Collections Continue Rebound Trend
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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Treasury Statement on Pension Fund Investments in Ben & Jerry's Parent Company Unilever
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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Governor Phil Murphy, U.S. Department of Labor Secretary Marty Walsh, and Elected, Union, Environmental, and Private Sector Leaders Break Ground on the New Jersey Wind Port
(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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Treasury Announces NJ Division of Taxation Extends Filing & Payment Deadlines for Tropical Storm Ida Victims
(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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Treasury Announces Upcoming Departure of Deputy Treasurer Cathy Brennan
(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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Treasury Announces Gas Tax Rate Will Decrease by 8.3 Cents Effective October 1
2016 Law Mandates Adjustments to Ensure Funding for Critical Infrastructure Projects
(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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Treasury Announces Premium Contribution “Holiday” and Sizable Rate Declines for Employers and Members of NJ School Employees Health Benefits Program
School Districts & Employees Will Save a Combined $100 Million from Holiday
(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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Treasury: July Revenue Collections on Target as New Fiscal Year Gets Underway
(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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Governor Murphy, Acting Governor Oliver & Treasurer Muoio Praise Fitch’s Decision to Upgrade New Jersey’s Credit Outlook to Positive
All Three Major Rating Agencies Have Now Upgraded New Jersey’s Outlook after Enactment of FY 2022 State Budget
(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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NJDOL, Treasury Raid Worksite In First Joint-Enforcement Action to Combat Worker Misclassification
(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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Governor Murphy & Treasurer Muoio Welcome S&P's Decision to Upgrade New Jersey's Credit Outlook to Positive
Second ratings agency acknowledges structural improvements to State's finances within a period of three weeks.
(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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New Jersey Lottery Announces Record Sales for Fiscal Year 2021
(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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Governor Murphy & Treasurer Muoio Applaud Moody’s Decision to Upgrade New Jersey’s Credit Outlook to Positive
(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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Treasurer Muoio Announces New Jersey Has Paid the Full State-Funded Portion of the Pension Contribution for the First Time in More than 25 Years
(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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Governor Murphy Signs Fiscal Year 2022 Appropriations Act into Law
(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.
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Governor Murphy, Senate President Sweeney, Speaker Coughlin, Senate Budget Chair Sarlo, and Assembly Budget Chair Pintor Marin Announce Fiscal Year 2022 Budget Agreement on Key Tax Relief Measures
(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.
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Capital City Redevelopment Corporation Takes Steps to Initiate Public Adoption Process for Renaissance Plan Update
Public Will Have Opportunity to Provide Feedback on Draft Plan
(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.
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Treasurer Muoio Delivers Revenue Update to Assembly Budget Committee Following All-Important Spring Tax Collections
Revenues Projected to Surpass Pre-Pandemic Levels with Big 3 Taxes Expected to Hit Historic Highs
(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.
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NJ State Treasurer's Office to Host Virtual Symposium on COVID, Women, and the Economy: Avoiding the Next "She-cession"
Event will feature appearances by Governor Murphy and First Lady, Lieutenant Governor Oliver
Two panels featuring leading economists, academics, business professionals, and policy makers will size up the problem & present solutions
(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.
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Treasurer Muoio Testifies Before Assembly Budget Committee on Treasury's Departmental Operations
More Detailed Revenue Update to Come in June After Tax Payments, Delayed by Filing Deadline Extension, have been Processed
(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.
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Treasury: Many Taxpayers Delay Payment in April after Extension of Filing Deadline
(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.
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Leadership Transition at Division of Investment Announced
(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.
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NJ Treasury Makes Gains in Fight Against Employee Misclassification
Collaboration across State agencies key to coordinated improvements.
(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.
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During National Small Business Week, Treasury Announces $100 Certification Fee for Small, Minority, Women & Veteran Owned Businesses Will Be Waived Indefinitely
(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).
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Treasury: Latest Refinancing Brings Total Savings under the Murphy Administration to Over $1 Billion
(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.
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Treasury: FY 2021 Revenues Remain Strong Through March
(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.
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Treasurer Muoio Statement on Moody’s Decision to Upgrade New Jersey’s Outlook from Negative to Stable
(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:
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Treasurer Muoio Testifies Before Senate Budget Committee on Proposed FY2022 Budget
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.
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Governor Murphy, Treasurer Muoio, Senator Paul Sarlo, and Assemblywoman Eliana Pintor Marin Announce Extension to State Income Tax Filing Deadline to May 17
(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.
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Treasury: Revenues Through February In Line With Revised Forecast
(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.
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Treasury: Revenue Growth Brakes in January
(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.
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Governor Murphy, Treasurer Muoio Announce Plan to Follow Federal Government's Lead to Enhance the Benefits of Paycheck Protection Program Loans
(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.
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Con el inicio de la temporada de declaración de impuestos, la Tesorería recuerda a los contribuyentes que, como nunca antes, más personas podrán disponer de más dinero a través del programa ampliado del Crédito Tributario por Ingreso del Trabajo
(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.
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Treasury’s Unclaimed Property Administration Presents a Record $3.6 Million Contribution to Help Struggling NJ Households with Utility Costs
Announcement comes as part of National Unclaimed Property Day celebration.
(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.
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As Filing Season Kicks Off, Treasury Reminds Taxpayers that More Money is Available to More People Than Ever Before Under Expanded Earned Income Tax Credit Program
Roughly 25% of Eligible Taxpayers Routinely Do Not Apply; Statewide Awareness Campaign Underway to Encourage Participation
(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.
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NJ Division of Investment Announces New Additions to Senior Investment Team to Help Oversee One of the Country's Largest Public Pension Funds
(TRENTON) – The New Jersey Department of the Treasury's Division of Investment (DOI) announced several new key hires and promotions at today's annual meeting of the State Investment Council (SIC), chief among them Shoaib Khan, the division's new Deputy Director.
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New Tax Policies Generate Temporary Revenue Boost in December
(TRENTON) – The Department of the Treasury reported that December revenue collections for the major taxes totaled $4.3 billion, up $1.331 billion, or 44.8 percent, above last December. Fiscal year-to-date, total collections of $14.67 billion are up $783.0 million, or 5.6 percent above the same six months last year.
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NJ Treasury Hires Diversity Portfolio Manager to Identify a Wider Universe of Diverse Investment Professionals to Oversee State’s $80 Billion Pension Fund
(TRENTON) – State Treasurer Elizabeth Maher Muoio has announced the hiring of New Jersey native Eddie Ramos to fill the newly created position of Diversity Portfolio Manager within Treasury’s Division of Investment (DOI), a role designed to aid the division’s ongoing efforts to identify a wider universe of diverse investment fund managers, brokers, consultants, and advisers to manage the State’s roughly $80 billion pension fund.
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Deadline to Apply for the Senior Freeze Property Tax Reimbursement Extended Again
TRENTON - State Treasurer Elizabeth Maher Muoio announced today that New Jersey property owners who are eligible for the Senior Freeze property tax reimbursement program will have an additional month to apply for the relief program, with the application deadline now being extended until February 1, 2021.
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Treasury Announces Several Initiatives Designed to Position New Jersey as a Model for Equitable and Sustainable Change
TRENTON - The Department of the Treasury announced several key initiatives on Wednesday that will advance the Murphy Administration's commitment to ensuring Minority-, Women-, and Veteran-Owned Businesses (MWVOB) can more fully participate in New Jersey's multi-billion dollar supply chain.
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Tax Changes Pause Downward Revenue Trend for November
TRENTON - The Department of the Treasury reported that November revenue collections for the major taxes totaled $2.261 billion, up $124.7 million, or 5.8 percent above last November. However, fiscal year-to-date, total collections of $10.370 billion are down $548.3 million, or 5.0 percent below the same five months last year.
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Works Created by Mercer County Artists Installed in New State Department of Health Building
TRENTON - The New Jersey Department of the Treasury and the New Jersey Economic Development Authority (NJEDA) today announced the installation of artwork from ten Mercer County artists into the newly constructed New Jersey Department of Health building on Willow Street in Trenton. The installation marks one of the final steps in the construction of the first new state office buildings in Trenton in more than 25 years.
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Overall Revenue Collections Continue Downward Trend in October
TRENTON - The Department of the Treasury reported that October revenue collections for the major taxes totaled $2.501 billion, down $137.4 million, or 5.2 percent below last October. Fiscal year-to-date, total collections of $8.108 billion are down $673.1 million, or 7.7 percent below the same four months last year.
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New Jersey’s General Obligation Bonds Receive Significant Interest, Produce Favorable Interest Rate
TRENTON - The New Jersey Department of the Treasury today priced the General Obligation bonds authorized under the COVID-19 Emergency Borrowing Act one day earlier than anticipated due to the amount of interest the State had received.
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State Issues Revenue Certification in Preparation for Bond Issuance Under COVID-19 Emergency Bond Act
TRENTON - -Governor Murphy issued a revenue certification today, as required by the New Jersey Supreme Court before any general obligation bonds can be issued under the COVID-19 Emergency Bond Act. The overall revenue outlook is now $398 million above the amount certified in the Fiscal Year 2021 (FY21) Appropriations Act at the end of September 2020.
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Treasurer Muoio Urges Residents to Take Advantage of the Extended Deadline to Apply for the Senior Freeze Property Tax Reimbursement
TRENTON - State Treasurer Elizabeth Maher Muoio is reminding residents that the deadline to apply for New Jersey's Senior Freeze property tax reimbursement has been extended until the end of the year and is urging all eligible residents to take advantage of the additional time to apply for the relief.
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Treasury: September Revenue Collections Down 4.4 Percent
TRENTON - The Department of the Treasury today reported that September revenue collections for the major taxes totaled $3.467 billion, down $161.0 million, or 4.4 percent below last September. Fiscal year-to-date, total collections of $5.607 billion are down $535.7 million, or 8.7 percent below the same three months last year.
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Report Authorizing Crucial Borrowing to Address Steep Drop in Revenue Sent to Legislative Commission for Final Approval
TRENTON - Pursuant to the New Jersey COVID-19 Emergency Bond Act, the Department of the Treasury announced that issuing officials met today and released a report authorizing the state to issue up to $4.5 billion in General Obligation (GO) bonds to help navigate a steep decline in state revenue brought on by the COVID-19 pandemic.
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August Revenue Collections Down 5.7 Percent
TRENTON - The Department of the Treasury reported that August revenue collections for the major taxes totaled $1.958 billion, down $117.4 million, or 5.7 percent below last August. For the first two months of traditional Fiscal Year 2021 (FY 2021), total collections of $2.140 billion are down $374.7 million, or 14.9 percent below the same two months last year.
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Treasurer Muoio Testifies Before Senate Budget Committee on Governor Murphy’s Revised Budget Proposal
TRENTON - State Treasurer Elizabeth Maher Muoio testified before the Senate Budget and Appropriations Committee at the State House today, providing a revenue update for the close out of Fiscal Year 2020, a detailed look ahead at projections for Fiscal Year 2021, and an overview of Governor Murphy’s plans to build a stronger, fairer, and more resilient post-COVID future for New Jersey.
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Treasury Announces Change in Gas Tax Rate Effective October 1
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 Friday that lower fuel consumption trends, which have been exacerbated by the COVID-19 pandemic, will necessitate a gas tax increase of 9.3 cents per gallon in order to ensure compliance 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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Governor Murphy Unveils Revised Fiscal Year 2021 Budget Proposal: "Stronger, Fairer, and More Resilient: Building New Jersey's Post-COVID Future"
TRENTON - Governor Phil Murphy today released his revised budget proposal for Fiscal Year 2021 (FY 2021), including targeted cuts across State government, fair and equitable revenue raisers, an emergency borrowing proposal, and additional plans to invest federal funding received to date to help close what would have been a nearly $6 billion budget hole as a result of the COVID-19 pandemic.
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Treasury: Deferred April Tax Payments Track Close to Expectations
TRENTON - The Department of the Treasury today reported that July revenue collections for the major taxes totaled $5.136 billion, up $2.802 billion, or 120.1 percent over last July. This inflated and unprecedented growth was anticipated due to the change in state law that allowed individual and corporate taxpayers to defer certain payments from April to July due to the COVID-19 pandemic, following similar tax changes that were instituted at the federal level.
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Treasury: State Revenues Weaken Further in June as Crucial July Collections Loom
TRENTON - The Department of the Treasury reported today that June revenue collections for the major taxes totaled $2.92 billion, down $503 million, or 14.7 percent below last June. The June decline eclipsed last month's decline of 13.5 percent over the previous May, indicating that the economic impact of the global pandemic shows little signs of abating. Fiscal year-to-date, total collections of $29.784 billion are now down $3.0 billion, or 9.2 percent below the same period last year.
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Treasury Alerts N.J. Residents to Unclaimed Property Scam
TRENTON - The Department of the Treasury is warning New Jersey residents to be careful when it comes to text messages that seem too good to be true. Scammers purporting to be from Treasury’s Unclaimed Property Administration (UPA) are sending fraudulent text messages to residents, asserting that unclaimed funds can be accessed by clicking a link.
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Treasury: Governor Signs Bare Bones State Spending Plan into Law for Extended Fiscal Year to Help Weather Continued Fallout from COVID-19
TRENTON - Governor Phil Murphy signed a three-month spending plan into law on Tuesday that includes a series of deep cuts and spending deferrals to help the state meet its most basic obligations through the extended fiscal year (FY 2020), which ends September 30.
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Treasury: May Revenues Fall 13.5 Percent as Continued Impact of COVID-19 is Felt
TRENTON - The Department of the Treasury reported today that May revenue collections for the major taxes totaled $2.120 billion, down $331.2 million, or 13.5 percent, below last May as the economic impact of the global pandemic continues to take its toll on the State's finances. Fiscal year-to-date, total collections of $26.864 billion are now down $2.498 billion, or 8.5 percent below the same period last year.
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Treasurer Muoio Testifies Before Assembly Budget Committee on Revised Fiscal Plan to Weather COVID-19 Crisis
TRENTON - State Treasurer Elizabeth Maher Muoio testified during a virtual hearing before the Assembly Budget Committee today, providing a detailed revenue report and fielding questions on the difficult choices the Murphy Administration has been forced to make in order to close the massive gap that looms for the remainder of the extended fiscal year due to the devastating impact COVID-19 has had on New Jersey’s finances.
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New Jersey Launches PPE Supplier Registry to Facilitate Access to COVID-19 Protective Gear
TRENTON - New Jersey recently launched the PPE Supplier Registry to connect suppliers of personal protective equipment (PPE) that can prevent the spread of COVID-19 with potential buyers. Wholesale vendors with PPE inventory such as surgical or other protective masks, hospital gowns, hand sanitizer, or COVID-19 test kits can submit details on supplies they have available and hospitals, medical organizations, and private businesses can purchase.
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Murphy Administration Proposes Significant Budget Cuts as Part of Revised Fiscal Plan to Weather COVID-19 Crisis
TRENTON - The Department of the Treasury delivered a budget update to the Legislature today, providing a detailed revenue report that illustrates the devastating impact COVID-19 has had on New Jersey’s finances and laying out plans to close the looming gap for the remainder of the extended fiscal year through a series of deep cuts and spending deferrals.
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Treasury Issues Preliminary Update on Projected Revenue Shortfall through Fiscal Year 2021
TRENTON - The New Jersey Department of the Treasury today issued its first projections on the potential shortfall the State of New Jersey will be facing through the end of the next fiscal year as a result of the economic impact of the COVID-19 pandemic.
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April Revenues Plummet Nearly 60 Percent as COVID-19 Impact Begins
TRENTON - The Department of the Treasury reported today that April revenue collections for the major taxes totaled $2.345 billion, down an unprecedented $3.5 billion, or 59.7 percent, below last April as the economic impact of the global pandemic begins to take its toll on the State’s finances. Fiscal year-to-date total collections, which had been running ahead of last year through the end of March, are now at $24.743 billion, down $2.2 billion, or 8.1 percent below the same period last year.
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Governor Murphy & Treasury Department Mourn Passing of State’s Chief Economist Dr. Ranjana Madhusudhan
TRENTON - Governor Phil Murphy joined with his Treasury Department today in mourning the passing of New Jersey’s Chief Economist, Dr. Ranjana G. Madhusudhan, Ph.D., whose keen insight helped influence the national economic discourse throughout a prolific career that spanned more than four decades, most of which was spent with Treasury in various roles. .
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Treasury March Revenues Up 3.6%; COVID-19 Impact Likely to Start Materializing Next Month
TRENTON - The Department of the Treasury today reported that March revenue collections for the major taxes totaled $1.888 billion, up $66.3 million, or 3.6 percent above last March. Fiscal year-to-date, total collections of $22.398 billion are up $1.3 billion, or 6.2 percent above the same period last year.
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Treasury Freezes Nearly a Billion Dollars in Spending as Fiscal Uncertainty Over COVID-19 Mounts
Issues New Disclosure Statement on Potential Financial Impact
TRENTON - State Treasurer Elizabeth Maher Muoio issued a new voluntary disclosure statement to bond holders today, as required by law, providing the most detail, to date, on the potential impact COVID-19 may have on New Jersey’s finances, including revenue collections and pension fund contributions.
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To Protect Public Health, Treasury Announces Limited Closure of Various Offices Serving Walk-In Clientele
Assistance can still be obtained online or via phone for Taxation, Pensions & Benefits, business applications and various certification services that are impacted
TRENTON - The Department of the Treasury reported that February revenue collections for the major taxes totaled $2.554 billion, up $220.0 million, or 9.4 percent above last February. Fiscal year-to-date, total collections of $20.511 billion are up $1.234 billion, or 6.4 percent above the same period last year.
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Treasury: February Revenues Up; Future Trends Being Monitored
TRENTON - The Department of the Treasury reported that February revenue collections for the major taxes totaled $2.554 billion, up $220.0 million, or 9.4 percent above last February. Fiscal year-to-date, total collections of $20.511 billion are up $1.234 billion, or 6.4 percent above the same period last year.
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Treasury: Revenue Growth Continues to Moderate in January
TRENTON - The Department of the Treasury reported today that January revenue collections for the major taxes totaled $4.069 billion, up $27.4 million, or 0.7 percent above last January. Year-to-date, total collections of $17.957 billion for Fiscal Year 2020 (FY 2020) are up $1.014 billion, or 6.0 percent above the same period last year.
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Treasury’s Unclaimed Property Administration Presents a Record $3.2 Million Check to Help Struggling NJ Households with Utility Costs
TRENTON - The Department of the Treasury’s Unclaimed Property Administration (UPA) presented a record $3.2 million to help provide assistance to low and moderate income New Jersey households struggling to pay their utility bills. The check, presented to the Affordable Housing Association, which administers the assistance, is nearly double last year’s $1.7 million contribution.
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Treasury Reports December Revenue Collections, Releases Remaining Spending in Reserve.
TRENTON - The Department of the Treasury reported today that the robust revenue collections that had been realized through the first five months of Fiscal Year 2020 (FY 2020) began to moderate in December with combined collections for the major taxes totaling $2.969 billion, down $4.4 million, or 0.1 percent, below last December.
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Revenue Trends Hold Steady in November
TRENTON - The Department of the Treasury reported today that revenue collections held steady in November with combined collections for the major taxes totaling $2.137 billion, up $206.4 million, or 10.7 percent above last November. Year-to-date, collections for Fiscal Year 2020 (FY 2020) totaled $10.918 billion, up $990.8 million, or 10 percent, above the same five month period last year. However, there remains ongoing uncertainty surrounding the continuation of these trends for the remaining seven months of FY 2020.
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Revenue Collections Currently Above Target
TRENTON - The Department of the Treasury reported today that October revenue collections were above targeted growth, with collections for the major taxes totaling $2.639 billion, up $361.9 million, or 15.9 percent above last October. Year-to-date, total collections of $8.781 billion are up $784.4 million, or 9.8 percent above the same period last year.
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Treasurer Muoio Urges NJ Veterans to Apply for Newly Doubled $6,000 Income Tax Exemption
TRENTON - – With the Veterans Income Tax Exemption doubling to $6,000 for 2019, State Treasurer Elizabeth Maher Muoio is urging New Jersey veterans to check their eligibility and pre-certify to make claiming the exemption easier during tax filing season.
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Treasury Releases Nearly Half of Spending Placed in Reserve under Governor Murphy’s Executive Order to Protect New Jersey’s Fiscal Health
TRENTON - The Department of the Treasury today released $114 million of the $235 million in spending that had been placed into reserve in July to help maintain a balanced budget and a responsible surplus pursuant to Executive Order No. 73 signed by Governor Murphy.
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September Revenue Collections on Target
TRENTON - The Department of the Treasury reported today that overall September revenue collections exceeded projected growth at the close of the first quarter of Fiscal Year 2020 (FY 2020). Collections for the major taxes totaled $3.628 billion, up $333.3 million, or 10.1 percent, compared to last September. Year-to-date, total collections of $6.143 billion are up $422.5 million, or 7.4 percent above the same three months last year.
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NJ Treasury Launches New Online Service to Streamline Certifications for Small, Minority, Women, and Veteran-Owned Businesses
TRENTON - State Treasurer Elizabeth Maher Muoio today announced the launch of a new web-based portal that streamlines how small, minority, women, and veteran-owned business enterprises (SMWVBEs) certify with the state, allowing them to more easily compete for state contracts with the Department of the Treasury.
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FY 2020 Revenue Collections Continue on Target through August
TRENTON – The Department of the Treasury today reported that August revenue collections are on target two months into the new fiscal year.
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Treasury Announces Changes in Public Employee Health Benefit & Pension Costs that will Help Rein in Property Taxes for the Coming Year
TRENTON –State Treasurer Elizabeth Maher Muoio announced today that local government and school employers can expect to see relief in the coming year when it comes to the cost of health benefits and pension contributions – two of the largest drivers of property taxes.
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Treasurer Announces NJ Gas Tax Rate Will Remain Stable for Coming Year
TRENTON - State Treasurer Elizabeth Maher Muoio announced today that New Jersey’s current tax rate on gasoline and diesel fuel will remain stable for the coming year at 41.4 cents and 48.4 cents per gallon, respectively.
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Treasury Reports July Revenue Collections on Target as New Fiscal Year Gets Underway
TRENTON - The Department of the Treasury reported that July revenue collections are on target as the new fiscal year gets underway, with collections for the major taxes totaling $2.33 billion, up $250.1 million, or 12 percent, compared to last July.
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New Jersey to Host Garden State’s First Ever Summit to Connect Minority, Women, Veteran, & LGBTQ Businesses with Billion-Dollar Economic Engine
TRENTON - Governor Phil Murphy announced today that the State of New Jersey will host NJ Connects, the first-ever state summit designed to connect minority-, women-, veteran-, and LGBTQ-owned businesses with roughly one billion dollars in public and private sector contracting opportunities.
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Treasury Releases List of Spending Items Placed in Reserve Pursuant to Governor’s Executive Order Designed to Protect State’s Fiscal Health
TRENTON - The Department of the Treasury today released the list of spending items in the newly enacted FY 2020 Appropriations Act that have been placed into reserve pursuant to Executive Order No. 73 signed by Governor Murphy on Sunday.
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NJ Treasury Launches New Online Portal to Transform the Issuance and Monitoring of Tax Incentives
TRENTON - State Treasurer Elizabeth Maher Muoio today announced the launch of a new web-based portal that will transform the way Treasury’s Division of Taxation and the NJ Economic Development Authority (EDA) issue and review economic development tax incentives that have been awarded, allowing the agencies to track the entire lifespan of a tax credit, regardless of how many times it is sold from company to company.
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NJ Treasury Submits Rules Governing New Public Private Partnership (P3) Program
TRENTON - The Department of the Treasury announced today that the proposed rules governing the expansion of the New Jersey Public Private Partnership (P3) program are now available on the New Jersey Register for public comment.
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Treasury: Despite May Dip, FY2019 Revenue Collections on Track
TRENTON - The Department of the Treasury reported that May revenue collections for the major taxes totaled $2.452 billion, down $142 million, or 5.5 percent below last May, after rebounding in April. However, fiscal year-to-date revenues are on track to meet Treasury’s updated year-end projections with $29.361 billion collected in total, up $2.576 billion, or 9.6 percent, over the same period last year.
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Treasurer Muoio: Moody’s Agrees We Need to Grow our Reserves to Prepare for the Inevitable
TRENTON - State Treasurer Elizabeth Maher Muoio released the following statement Monday on the latest Moody’s analysis that underscores New Jersey’s need to better prepare for an eventual recession:
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Treasury Executes new Agreement with NJ Lottery’s Sales & Marketing Operator, Saving the State Roughly $100 Million over Life of Contract
TRENTON - State Treasurer Elizabeth Maher Muoio announced that the Department of the Treasury has entered into an amended service agreement with Northstar New Jersey Lottery Group, which controls the New Jersey Lottery’s sales and marketing operations, a move that is projected to save the state roughly $100 million over the remaining life of the contract.
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Treasurer Muoio Announces State Revenue Projections are up for FY19 & FY20, Allowing for $250 Million in Property Tax Relief to Roughly a Million Residents
TRENTON - State Treasurer Elizabeth Maher Muoio appeared before the Senate Budget and Appropriations Committee today to present revised revenue estimates for both FY2019 and FY2020, highlighting New Jersey’s improved revenue outlook due in part to the record-setting $3.627 billion in Gross Income Tax receipts the state collected for the all-important month of April.
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Murphy Administration Poised to Make First Deposit in Rainy Day Fund Since Great Recession Dried it up More Than a Decade Ago
TRENTON - State Treasurer Elizabeth Maher Muoio announced that the Murphy administration is poised to make a deposit in New Jersey’s Surplus Revenue Fund (SRF) for the first time in more than a decade. The Surplus Revenue Fund, more commonly referred to as the “rainy day fund,” has sat dry since late 2008, just after the Great Recession hit.
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Treasury: March Revenue Collections Rise 16.9%, Income Tax Up 22.9%
TRENTON - The Department of the Treasury reported that March revenue collections for the major taxes totaled $1.822 billion, up $262.8 million, or 16.9 percent, above last March. Fiscal year-to-date, total collections of $21.098 billion are up $947.7 million, or 4.7 percent, above the same period last year.
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Treasury & EDA Hosting Follow-up Subcontractor Opportunity Forum to Boost Inclusivity in $225 Million State Office Building Development Project
The New Jersey Department of the Treasury and the New Jersey Economic Development Authority (NJEDA) will host a second opportunity forum next week to help small, women, minority, and veteran-owned subcontracting companies (SMWVBEs) explore opportunities to work on the new state office building development projects underway in Trenton.
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Treasurer Muoio Testifies Before Assembly Budget Committee
State Treasurer Elizabeth Maher Muoio testified before the Assembly Budget Committee at the State House today, providing a detailed update on revenue projections for both fiscal year 2019 and 2020 and detailing Gov. Murphy’s plans to restore fiscal responsibility and grow and strengthen New Jersey’s middle class.
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Treasurer Muoio Announces Appointment of Corey Amon as Director of NJ Division of Investment
State Treasurer Elizabeth Maher Muoio announced that Acting Director Corey Amon was sworn in this morning as the permanent Director of the Department of the Treasury’s Division of Investment (DOI).
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February Revenue Collections Up 8.9%, Revised FY2019 Forecast Up Slightly
The Department of the Treasury reported that February revenue collections for the major taxes totaled $2.334 billion, up $191 million, or 8.9 percent above last February. Fiscal year-to-date, total collections of $19.277 billion are up $685 million, or 3.7 percent above the same period last year.
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NJ Treasury and NJEDA Seeking Artists for New State Buildings in Trenton
The state of New Jersey is seeking artists to design, construct, and install artwork for the new state office buildings being constructed in downtown Trenton, the NJ Department of the Treasury and the NJ Economic Development Authority (NJEDA) announced today.
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January Revenue Collections Up 5.9% Despite Income Tax Uncertainty
The Department of the Treasury reported that January revenue collections for the major taxes totaled $4.042 billion, up $225 million, or 5.9 percent above last January. Year-to-date, total collections of $16.942 billion are up $493.8 million, or 3.0 percent above the same period last year.
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Treasury’s Unclaimed Property Administration Presents $1.8 Million Check
to Help Struggling Households with Utility Costs
The New Jersey Department of the Treasury’s Unclaimed Property Administration (UPA) presented the Affordable Housing Alliance with a check this week for $1.78 million to help provide assistance to low and moderate income New Jersey households struggling to pay their utility bills.
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In light of Federal Shutdown, NJ Treasury Reminds Struggling Taxpayers that Assistance is Available
With income tax filing season about to get underway, and the prolonged federal government shutdown placing a financial strain on furloughed workers, the New Jersey Department of the Treasury wants to remind all taxpayers that the Division of Taxation stands ready to assist anyone experiencing hardship who may be struggling to make payments.
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Treasury: December Revenue Collections Dip as Federal Tax Law Changes Impact the Timing of Certain Payments
The Department of the Treasury reported that December revenue collections for the major taxes totaled $2.973 billion, down $335 million, or 10.1 percent below last December. However, year-to-date, total collections of $12.901 billion are up $269 million for FY 2019, 2.1 percent above the same period last year.
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Treasury’s Unclaimed Property Administration Launches Targeted Outreach to over 3,000 Veterans, Widows Who May Have Lost Assets
As part of the Department of the Treasury’s ongoing efforts to reconnect state-held assets to their rightful owners, the Unclaimed Property Administration (UPA) has launched a veterans outreach campaign, which has uncovered as many as 3,000 veterans and widows in New Jersey who may have unclaimed assets, resulting in over $200,000 being returned to families thus far.
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FY 2019 Revenue Collections Remain on Target through November
The Department of the Treasury reported that revenue collections remain on target through the first five months of FY 2019. Collections for the major taxes totaled $1.93 billion, down $58.8 million, or 3.0 percent, compared to last November. However, year-to-date total collections of $9.927 billion are up $603.5 million, or 6.5 percent above the same period last year.
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State of New Jersey Launches Tax Amnesty Program
The New Jersey Division of Taxation has announced the official launch of the 2018 Tax Amnesty program to provide individuals and businesses with the opportunity to pay back taxes or file past returns with no penalties and reduced interest.
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FY 2019 Revenue Collections on Target through October
The Department of the Treasury reported that October revenue collections were on target through the first four months of FY 2019. Collections for the major taxes totaled $2.277 billion, up $73.0 million, or 3.3 percent, compared to last October. Year-to-date, total collections of $7.997 billion are up $663.3 million, or 9.0 percent above the same period last year. Adjusting for an accelerated gross income tax withholding payment, year-to-date growth in the major revenues is 7.3 percent, almost exactly matching the year-end target growth rate of 7.5 percent.
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FY 2019 Revenue Collections Above Target In September
The Department of the Treasury reported today that September revenue collections were above target growth at the close of the first quarter of FY 2019. Collections for the major taxes totaled $3.295 billion, up $393.7 million, or 13.6 percent, compared to last September. Year-to-date, total collections of $5.72 billion are up $591.2 million, or 11.5 percent above the same three months last year.
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State Strives for Inclusivity with $225 Million Downtown Trenton Investment Poised to Get Underway
In an effort to attract small, minority- and women-owned businesses, the Department of the Treasury and the NJ Economic Development Authority (EDA) will host a networking event next week for entrepreneurs to showcase the opportunities that lie ahead as two new state office building projects get underway.
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New Jersey’s Pension Fund Outperforms Benchmark with 9.06 percent Return for FY18
The Department of the Treasury’s Division of Investment (DOI) today announced that the final, unaudited net return for New Jersey’s Pension Fund was 9.06 percent for fiscal year 2018, exceeding both the benchmark return of 8.65 percent and the 7.5 percent statutory assumed rate of return.
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Treasurer Muoio Welcomes Moody’s “Credit Positive” Statement on Health Benefits Savings Announced Last Week
State Treasurer Elizabeth Maher Muoio welcomed news that Moody’s Investors Service has deemed the health benefits savings agreement the Murphy Administration announced last week a “credit positive” for the State of New Jersey.
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Governor Murphy Signs Executive Order Creating NJ State Capital Partnership to Help Aid Trenton’s Revitalization
Governor Phil Murphy today signed an Executive Order establishing the New Jersey State Capital Partnership, an initiative designed to harness state support and resources to spur economic development in Trenton and help chart a new course for New Jersey’s capital city.
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N.J. Division of Taxation Postpones Deadlines for Hurricane Florence Victims
The New Jersey Division of Taxation postponed tax filing and payment deadlines for taxpayers affected by Hurricane Florence, State Treasurer Elizabeth Maher Muoio announced today.
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FY 2019 Revenue Collections on Target through August
The Department of the Treasury reported Monday that August revenue collections are on target two months into the new fiscal year.
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Treasurer Muoio Extends Condolences to Family of Former State Treasurer Cliff Goldman
State Treasurer Elizabeth Maher Muoio extended her heartfelt condolences to the family of Cliff Goldman, who served as Treasurer from 1976 through 1982:
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Murphy Administration Announces Major Health Care Savings Agreement
Governor Phil Murphy today announced that the Murphy Administration has reached a health care benefits agreement with labor groups, including the New Jersey Education Association (NJEA)
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Treasury Department Announces Change in Gas Tax Rate Effective October 1
2016 Law Mandates Adjustments to Ensure Funding for Critical Infrastructure Projects
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New Jersey’s July Revenue Collections on Target as New Fiscal Year Gets Underway
The Department of the Treasury reported that July revenue collections are on target as the new fiscal year gets underway, with collections for the major taxes totaling $2.030 billion, up $149.0 million, or 7.9 percent, compared to last July.
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NJ Unclaimed Property Administration Returns Near-Record Amount of Assets to Rightful Owners & Heirs
New Jersey returned a near-record amount of unclaimed property and assets during the fiscal year that just ended, according to State Treasurer Elizabeth Maher Muoio, with a total of $142.6 million returned to 50,837 rightful owners and heirs in FY 2018.
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Treasurer Muoio Announces Appointment of AG’s Office Veteran James Carey to Helm the New Jersey Lottery
State Treasurer Elizabeth Maher Muoio today announced that James Carey, a veteran of the Attorney General’s Office, has been appointed the new Executive Director of the New Jersey Lottery. Carey will officially take over the helm on July 23 as Acting Executive Director while his nomination awaits advice and consent from the State Senate.
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Treasurer Muoio Unveils Health Benefit Measures Designed to Keep Premiums in Check, Yield Significant Annual Cost Savings
State Treasurer Elizabeth Maher Muoio today laid out a framework for several initial state health benefit cost-saving measures underway by the Murphy Administration that are projected to yield significant annual savings for taxpayers, while upholding the state’s commitment to public employees.
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May Revenue Update: General Fund Revenues Remain Weak; Structural Imbalance Persists Between General Fund and Property Tax Relief Fund
The Department of the Treasury today announced that dedicated revenues remain stable while General Fund revenues remain weak for FY 2018 with the Corporation Business Tax (CBT) seeing a substantial decline for the month of May.
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State Treasurer Muoio Orders Immediate Freeze of State Hiring & Spending
State Treasurer Elizabeth Maher Muoio on Friday directed all state cabinet and agency heads to immediately freeze all hiring, promotions and discretionary spending until further notice in order to ensure General Fund resources are adequate to support essential state operations.
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State Treasurer Delivers Revised Revenue Estimates to Assembly Budget Committee
State Treasurer Elizabeth Maher Muoio appeared before the Assembly Budget Committee on Monday to present revised revenue estimates for both FY18 and FY19 and relayed a sobering message on New Jersey’s accelerating structural budget imbalance, precipitated in large part by a number of tax changes made under the previous administration.
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April Revenue Collections Flat, but Year-to-Date Revenues Remain on Target
The Department of the Treasury on Monday reported that April revenue collections for the major taxes were essentially flat compared to last April, up by only 0.3 percent. Total revenues are tracking close to the FY 2018 aggregate target, increasing $1.338 billion, or 5.9 percent, year-to-date.
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NJ Division of Taxation Extends Filing Deadline until Midnight Tonight to Mirror IRS Decision
Following the Internal Revenue Service’s lead, the New Jersey Department of the Treasury’s Division of Taxation announced Wednesday that it is providing taxpayers with an additional day to file and pay their taxes.
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Muoio Becomes Just Second Woman In New Jersey History To Be Confirmed As State Treasurer
Governor Murphy’s nomination for State Treasurer – Elizabeth Maher Muoio
– became just the second woman in New Jersey history to be confirmed to the cabinet post after receiving official confirmation from the State Senate on Thursday.
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Acting Treasurer Muoio Testifies Before Senate Budget Committee
Acting State Treasurer Elizabeth Maher Muoio testified before the Senate Budget and
Appropriations Committee at the State House today, providing a detailed update on revenue projections
for both fiscal year 2018 and 2019 and detailing Gov. Murphy’s plans to get the state’s fiscal house in
order by charting a new trajectory for New Jersey
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NJ State Investment Council Announces Sale of Holdings in Manufacturers of Automatic & Semi-Automatic Arms for Civilian Use
Division of Investment Exercises its Fiduciary Responsibilities to Act in the Best Interest of Plan Participants, Based on the Merits of the Investment
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Governor Phil Murphy's Detailed Budget Book For FY 2019 Now Available Online Read More |
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Following Governor’s Lead, Acting Treasurer Muoio Assembles Diverse, Women-led Treasurer’s Office Read More |
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Acting Treasurer Muoio Authorizes Changes to Assumed Rate of Return for NJ’s Retirement Systems, Laying out Responsible Pathway to Actuarial Assumptions Read More |
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NJ Treasury Assures Filers of Online Taxation Data Security Measures Read More |
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January Revenue Performance Mixed Read More |
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State Treasurer Urges NJ Veterans to Apply For New $3,000 Income Tax ExemptionRead More |
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Revenues for Fiscal Year 2018 Exceeding ProjectionRead More |
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Division of Taxation Launches New Website and Self-Help VideosRead More |
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Lottery Enterprise Contribution Act Lowering State’s Borrowing CostsRead More |
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| December 27, 2017 |
NJ Division of Taxation Reminds Consumers & Business Owners That Sales Tax Rate Will Change to 6.625% in the New Year |
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| December 14, 2017 |
Revenues on Track for Fiscal Year 2018 |
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| November 16, 2017 |
October Revenues on Track for Fiscal Year 2018 |
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| October 16, 2017 |
September Revenues Include Gross Income Tax and Corporation Business Tax Growth |
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| October 2, 2017 |
Investors Recognize Value Of Lottery Enterprise Contribution Act |
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| September 15, 2017 |
August Revenues on Track for Fiscal Year 2018 |
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| August 15, 2017 |
July Revenues Meet Expectations, Forecasting Growth for Fiscal Year 2018 |
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| June 14, 2017 |
New Jersey’s Fiscal Year 2017 Growth is on Track |
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| April 17, 2017 |
Fiscal Year 2017 Revenue Growth is on Track |
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| April 13, 2017 |
NJPBA Announces Proceeds from FCC Spectrum Auction |
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| April 12, 2017 |
Treasurer Scudder Identifies Resources for New Jersey Taxpayers Facing April 18 Filing Deadline |
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| March 16, 2017 |
Fiscal Year 2017 Tax Collections Ahead of Last Year |
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| February 28, 2017 |
Treasurer Ford Scudder to Hold Embargoed Budget Press Briefing Tuesday |
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| February 17, 2017 |
Treasurer Scudder Identifies Swing Space for Life-Safety State House Restoration |
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| January 17, 2017 |
Fiscal Year 2017 Tax Collections Continue to Grow Over Last Year |
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| January 05, 2017 |
Division of Taxation’s property tax investigations force 10 delinquent towns to comply with the State Constitution |
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| December 22, 2016 |
NJ Division of Taxation Reminds Consumers & Business Owners
That Sales Tax Rate Will Change to 6.875% in the New Year |
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| December 14, 2016 |
Fiscal Year 2017 Tax Collections 2.1% Ahead of Last Year |
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| November 16, 2016 |
Fiscal Year 2017 Tax Collections Are Ahead of Last Year |
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| October 14, 2016 |
New Jersey Tax Collections Remain on Track in Fiscal Year 2017 |
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| September 26, 2016 |
August Revenues Increased in First Full Month of Fiscal Year 2017 |
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| September 14, 2016 |
Division of Taxation Orders South River to Commence Revaluation |
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| July 22, 2016 |
Division of Taxation Reschedules South River Public Hearing for August |
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| July 6, 2016 |
Division of Taxation to Hold South River Property Revaluation Hearing |
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| June 17, 2016 |
New Jersey’s Revenues for May Follow National and State Trends |
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| April 28, 2016 |
Division of Taxation to Investigate Five More Towns on Revaluations |
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| April 14, 2016 |
Major Tax Collections Surpass $2.22 Billion for March, $18.87 Billion Year-to-Date |
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| April 4, 2016 |
Division of Taxation Orders Three Municipalities to Commence Property Revaluations; First Time is is Taking Such Action in 40 Years |
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| March 18, 2016 |
Bipartisan Commission Advises Against Constitutional Amendment on Pension Payments |
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| March 14, 2016 |
Division of Taxation to Hold Elizabeth Property Revaluation Hearing |
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| February 2, 2016 |
Division of Taxation to Hold Dunellen Property Revaluation Hearing |
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| January 22, 2016 |
Division of Taxation to Hold Jersey City Property Revaluation Hearing |
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| January 21, 2016 |
Moody’s Investors Service Reports Additional Benefits Reform Would Be Credit Positive for New Jersey |
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| January 15, 2016 |
December Revenue Collections Tracking Projections |
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| January 13, 2016 |
Division of Taxation to Hold Elizabeth Property Revaluation Hearing |
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| January 12, 2016 |
NJPBA Applies For FCC Spectrum Auction |
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| December 31, 2015 |
New Jersey Agrees to Northstar Contract Changes to Settle Adverse Action |
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| December 17, 2015 |
Year-to-Date Revenue Collections Continue to Grow Through
November |
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| November 18, 2015 |
Department of Treasury Announces Initiation of Property Revaluation Investigations |
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| November 17, 2015 |
Early Fiscal Year 2016 Collections Continue to Track Projections |
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| October 27, 2015 |
Homestead Benefit Deadline Extended to Expand Access to Popular Property Tax
Relief Program |
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| October 16, 2015 |
Year-to-Date Revenue Collections Exceeding Projections Through
September |
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| September 18, 2015 |
Monthly Revenue Collections for August Total Nearly $1.8 Billion, In Line with FY 2016 Projected Growth Rate |
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| August 14, 2015 |
Revenues Continue to Meet Expectations Through the Close of FY15 |
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| June 12, 2015 |
May Collections for New Jersey's Three Largest Revenue Sources Outpace FY 2014 |
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| June 1, 2015 |
Media Advisory |
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| May 27, 2015 |
Christie Administration Extends Filing Deadline for 2014 Senior Freeze Program |
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| April 17, 2015 |
Year-to-Date Revenue Collections Match Projected Growth Rate
Through March |
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| March 13, 2015 |
Year-to-Date Revenue Collections Through February Surpass
$16 Billion |
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| February 27, 2015 |
Beware of ‘Phishing’ Scams, Identity Theft During Tax Season |
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| February 9, 2015 |
Dr. James Wooster joins Treasury Department as Chief Economist |
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| January 26, 2015 |
Strong Collections from Gross Income Tax and Corporation Business Tax for
December Bolster Year-to-Date Revenue Growth |
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| December 12, 2014 |
Gross Income Tax, Sales Tax Revenues Grow in November |
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| December 11, 2014 |
DEP Commissioner Bob Martin and Treasurer Andrew Sidamon-Eristorr Announce $600,000 in Grants for Rescue Mission of Trenton During Season of Service Tour |
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| November 21, 2014 |
Revenue Remains in Line with Budgeted Growth Rates |
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| November 10, 2014 |
Deadline Approaching for Taxpayers to Save Money on Back Taxes |
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| October 17, 2014 |
Positive Gross Income Tax Totals Push FY 2015 Revenue Growth to 6.1 Percent through September |
|
| October 2, 2014 |
Christie Administration Recognized for Skilled Use of Technology to Improve the Quality of Life and Economic Prospects of New Jersey |
|
| September 18, 2014 |
Total Collections from Major Revenue Sources Closely Track Projected Growth Rate |
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| September 17, 2014 |
New Jersey Tax Offer: Pay Back Taxes Now and Save Time and Money |
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| September 15, 2014 |
New Jersey pension fund publishes final return for FY2014 of 16.9% |
|
| August 14, 2014 |
Strong Sales Tax and Gross Income Tax Collections for July Show Continued Recovery |
|
| August 1, 2014 |
Christie Administration reunites New Jersey residents with record $125 million in unclaimed property and funds during Fiscal Year 2014 |
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| July 22, 2014 |
New Jersey pension fund continues to show solid double-digit returns |
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| June 19, 2014 |
Monthly Revenue Collections Consistent with Treasurer’s May
Testimony |
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| May 29, 2014 |
Christie Administration Extends Filing Deadline for Property Tax Reimbursement Program |
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| May 27, 2014 |
OMB Director Charlene Holzbaur Receives Distinguished Leadership Award from The Association of Government Accountants |
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| May 08, 2014 |
Division of Taxation Prevents $7.4 million in Fraudulent Tax Refunds Year to Date |
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| May 02, 2014 |
NJSTART.gov Streamlines Procurement to Make it Easier for Vendors to Compete for Contracts |
|
| April 28, 2014 |
Substantial Impact From Federal "Fiscal Cliff" Tax Increases Felt As New Jersey's Fiscal Year 2014 Revenue Falls Below Projections |
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| April 25, 2014 |
New Jersey Taxpayers are E-Filing at a Record Pace |
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| April 14, 2014 |
Fiscal Year 2014 Revenues Outpace Fiscal Year 2013 Year-Over-Year by 4.5 Percent; March Corporation Business Tax Collections Beat Revenue Projections by $44 Million |
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| April 10, 2014 |
Treasurer Sidamon-Eristoff Urges New Jersey Taxpayers to Use E-Filing Options and Extra Preparation Help as April 15 Filing Deadline Approaches |
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| April 08, 2014 |
Christie Administration Advises Taxpayers to Increase Awareness of Identity Theft Schemes as Tax Filing Season Concludes |
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| March 21, 2014 |
Year-Over-Year Gains in Revenue for FY2014 Reach Nearly Five Percent through February |
|
| March 11, 2014 |
Christopher McDonough Named Director of Division of Investment |
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| February 07, 2014 |
Christie Administration’s Pension Fraud and Abuse Unit Establishes Web Presence and Offers Multiple Contact Options |
|
| February 04, 2014 |
Christie Administration Encourages Taxpayers to Take Advantage of E-Filing Options During the 2014 Tax Season |
|
| January 17, 2014 |
Despite December Results, State Revenues Grew 5.7 Percent for the First Half of the Fiscal Year |
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