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(TRENTON) — The Department of the Treasury reported today that February revenue collections for the major taxes totaled $3.091 billion, down $89.4 million, or 2.8 percent lower than last year. February is typically a minor month for revenue collections, with no key payment due dates. The month saw declines in the Gross Income Tax (GIT), mainly due to the early start on Tax Year 2025 refunds, and in the Corporation Business Tax (CBT).

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(TRENTON) — Governor Mikie Sherrill delivered her inaugural budget address on Tuesday, outlining her Administration’s plan to fulfill its mandate of making New Jersey more affordable, protecting our children’s futures, and improving government accountability and transparency. The budget is the most fiscally responsible in years. When Governor Sherrill took office, New Jersey was on track to quickly deplete its surplus, and she immediately set to work developing a budget proposal that reins in spending without creating new taxes on everyday New Jerseyans.

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(TRENTON) — State Treasurer Aaron Binder will be joined by Treasury and Administration officials for an in-person press briefing on Monday, March 9, at 1 p.m. in advance of Governor Sherrill’s Tuesday, March 10 Budget Address.

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(TRENTON) — Following unanimous confirmation by the State Senate last week, Aaron Binder was officially sworn in as New Jersey State Treasurer yesterday.

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(TRENTON) — The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4 percent over last year. The growth in total revenues was led by higher collections from the Gross Income Tax (GIT), the Sales and Use Tax (SUT), and the Pass-Through Business Alternative Income Tax (PTBAIT), while the Corporation Business Tax (CBT) was down. Fiscal year-to-date total revenue collections of $24.901 billion are higher by $968.9 million, or 4.0 percent above the same period last year.

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(TRENTON) — Treasury’s Division of Taxation has begun mailing the first installment of benefits for the inaugural season of Stay NJ, New Jersey’s newest property tax relief program for eligible seniors and disabled residents.

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(TRENTON) — Following the successful launch of New Jersey’s first combined property tax relief application last year, qualifying seniors and disabled residents are again invited to apply for the State’s popular property tax relief programs by filling out a single, streamlined application known as the PAS-1.

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(TRENTON) — Building on the Murphy Administration’s commitment to advancing social equity and expanding access to capital for New Jersey's underserved communities, the Department of the Treasury announced today that it has entered into an agreement with Nonprofit Finance Fund (NFF) to be the fund manager for the Social Impact Investment Fund (SIIF), the state’s first socially motivated public finance vehicle.

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(TRENTON) — The Department of the Treasury reported that December revenue collections for the major taxes totaled $5.166 billion, up $433.9 million, or 9.2 percent over last December. The revenue growth was driven primarily by the Gross Income Tax (GIT), while the Sales and Use Tax (SUT) and Corporation Business Tax (CBT) collections were both down. Fiscal year-to-date total collections of $19.502 billion are higher by $896.1 million, or 4.8 percent above last year, currently exceeding the FY 2026 Appropriations Act certified growth rate of 3.3 percent.

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(TRENTON) — The Capital City Redevelopment Corporation is launching the Trenton Revitalization Investment Fund to invest up to $1.7 million in the rehabilitation of vacant buildings in the Capital City District in downtown Trenton.

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(TRENTON) — "I could not be more pleased about Governor-Elect Sherrill’s choice of Aaron Binder to step up and assume leadership of this great department. I first worked with Aaron during my time as a member of the Assembly Budget Committee, and asked him to join us in Treasury in late 2021 as we prepared for the start of Governor Murphy’s second term."

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