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$13.94B

April 18, 2017

Given that it’s tax day, we thought NJ Spotlight readers might be curious to know how much income-tax revenue the state expects to take in during the 2017 fiscal year, which ends this June: $13.94 billion. That includes all of the revenue coming from returns being filed as of today.

The income tax is the single largest source of revenue for the $34.6 billion state budget, followed by the sales tax, $9.3 billion, and the corporate-business tax, $2.47 billion, according to the New Jersey Department of Treasury and the Office of Legislative Services.

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