Star Ledger Reports: Revenue collections fell 3.2 percent — or $325 million — short of budget projections during the first half of the fiscal year, according to figures released today by the Treasury Department. Revenue collections are a key indicator of the state’s economic health.
The shortfall occurred across all revenue categories, including income and sales taxes. Overall, income tax collections fell 3 percent short of expectations through the first half of the year, figures show.
