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NJ's Tax Collections Boost Budget, Narrow Deficit
Published 2 days, 1 hour ago
Description
New Jerseys tax collections surpass expectations, narrowing the states budget gap to $1.5 billion. Governor Sherrills proposed $60.7 billion budget for the upcoming year gains traction, but lawmakers debate spending priorities and tax changes. Despite improved outlook, uncertainties persist, and the states surplus remains a concern, potentially impacting credit ratings.
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