NJ Spotlight News
Business Report: State revenues rise
Clip: 2/15/2023 | 2m 25sVideo has Closed Captions
NJ's revenue collections rose in January but are expected to moderate in coming months
New Jersey’s revenue collections rose in January but the Department of Treasury expects tax collections to moderate in the coming months. In the fiscal year to date, collections are up 3.4% over the same period last year. In January, there was a slight drop in income tax collections but sales and corporate business tax collections increased.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: State revenues rise
Clip: 2/15/2023 | 2m 25sVideo has Closed Captions
New Jersey’s revenue collections rose in January but the Department of Treasury expects tax collections to moderate in the coming months. In the fiscal year to date, collections are up 3.4% over the same period last year. In January, there was a slight drop in income tax collections but sales and corporate business tax collections increased.
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Learn Moreabout PBS online sponsorshipNew Jersey's Revenue collections Rose in January but the Department of Treasury expects tax collections to moderate in the coming months fiscal year-to-date total collections are up 3.4 percent over the same period last year in January there was a slight drop in income tax collections but sales and corporate business tax collections increased meantime for the fourth month in a row revenues on Realty transfer fees dropped reflecting a challenging housing market the Cannabis Regulatory Commission has been holding public hearings to consider how the state should spend the revenue made from legal cannabis sales and now a new Rutgers Eagleton Center poll asked new jerseyans for their thoughts on where those cannabis funds should be invested Ashley Koenig is director of the Eagleton Center for public interest polling we found that both the first and second priority among new jerseyans would be funding education followed by public health initiatives 23 percent say that the top priority for the revenue should be education and 21 say the same about public health other priorities listed by residents are affordable housing development transportation and infrastructure and funding police courts and prisons meantime another poll This One released by fairly Dickinson University finds that most residents want to see changes to New Jersey's law banning plastic bags the survey of 808 adults found 40 percent would keep the ban as it is but a total of 59 percent what the law either changed or overturned completely State lawmakers are considering tweaking the ban a bill has been introduced in the legislature to make some changes that would include bringing back paper bags for a set amount of time now here's a look at the closing numbers from Wall Street I'm Rhonda Schaffler those are your top business stories support for the business report provided by IBEW Local 102 proudly serving New Jersey's business Community since 1900 Local 102 lighting the path leading the way
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS