O’Scanlon Statement on July Revenue Numbers
Assembly Republican Budget Officer Declan O’Scanlon, R- Monmouth, said today’s report from the Treasury Department that revenues for July showed a 10.7 percent increase compared to the same month last year is further evidence that New Jersey’s economy is on the path to a solid recovery. The Treasury Department also reported that for the 13 months through July 2013, the state’s revenues were up 6.8 percent compared to the 13 months through July 2012.
“The positive news about revenues demonstrates our economic recovery is sustained and real. The key revenue drivers, such as gross income tax and sales tax collections, indicate the increasing confidence people have about their future and the future of our state. Our economy continues to show steady and sustained improvement. As the unemployment rate continues to trend down and revenues continue to grow, it is clear that Governor Christie has an economic strategy that works.”
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