TAX REVENUES UP, BUT NOT ENOUGH IN NEW JERSEY

Tax revenues are on the increase in New Jersey, but not by enough to meet Governor Chris Christie’s lofty expectations.  New figures released before the weekend show the state’s tax revenues falling about $75 million short of Christie’s tax collection goal.  Major tax revenues fell about 3.2 percent short of what the governor needed to run the state under terms of the budget.  Collections did rise by nearly $40 million more than what was expected in September.