By Minhaj Hassan | February 21st, 2013 - 6:50pm
| More

TRENTON - In its own analysis of Treasury revenue figures, the Office of Legislative Services said today that total major revenues for the month of January rose by more than 10 percent, largely due to increases in income tax and sales tax revenues.

While calling that a positive development, OLS pointed out that the revenue growth “continues to lag the certified year-end growth target of 8.3%.” 

OLS said that each of the major revenues will need to go up by 13 percent in order to reach that goal.

In December and January, gross income tax receipts rose nearly 20 percent. It attributes much of the increase to:

1) a timing shift of bonus payments into December;

2) growth in estimated payments due to the federal tax law changes; and

3) the shift of one week’s withholding collections from February last year into January this year (worth between $120 million-$150 million).

OLS also reported corporate business tax revenue “remains well below the 26.3% growth rate required” to meet the Christie Administration’s goals of salubrious revenue growth.

 

Wake-Up Call

Morning Digest: July 24th

  Of friends, enemies, transactions and transportation: the evolving political relationship of Bob Menendez and Steve Fulop The image yesterday in Washington D.C. of powerful U.S. Sen. Bob Menendez (D-NJ) walking the hallways with Jersey City Mayor Steve Fulop sent a signal of Menendez’s willingness to get behind...

Op-Ed

Legislation needed to restore balance in election financing

By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups.  But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >

Contributors

 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »
(7-23-14) Rabner Opinion Keeps “Christie for President” Alive - Gov. Chris Christie’s fight to prevent same-sex marriage in New Jersey ended with Chief Justice Stuart Rabner.... more »
The Perry-Paul Debate is Healthy for the GOP – and for America  The foreign policy debate in the media between prospective GOP Presidential candidates Texas Governor Rick Perry and... more »
(Washington DC)-- Two recent votes on Capitol Hill suggest an overdue and radical departure from our nation's Draconian and costly War on Drugs.  It's a long-overdue discussion (and not just... more »

Quote of the Day

quote of the day

"Gov. Chris Christie says he won’t campaign for the Republican gubernatorial candidate in New York because the cause is hopeless: Gov. Andrew Cuomo is ahead by more than 30 points. But he will campaign in New Hampshire, over and over, where the Republican is also trailing by more than 30 points. What’s the reason? It may be that New Hampshire holds the nation’s first presidential primary. It may be that he doesn’t want to mess with Cuomo, who knows where the skeletons are buried at the Port Authority. But one thing is certain: Gov. Straight Talk is spinning again. And it seems to be habit-forming." - columnist Tom Moran

- Star-Ledger

Poll

Which contest are you most focused on this coming season?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources