For the first time in months, New Jersey tax revenues have come in slightly ahead of expectations.
State Treasurer David Rousseau said Friday that New Jersey collected almost $1.93 billion in revenue in November, or about $625,000 higher than officials expected.
Income tax collections for the month were $796.1 million, or $76.1 million more than expected. But sales taxes collections totaled $577.8 million, or 6 percent below target, and corporation business tax were $29.8 million, or $20 million below projections.
Through the first five months of the fiscal year, state revenues are $412 million below projections.
Rousseau said sales tax revenues remain a concern but won't truly come into focus until after the holidays.