NJ’s Higher Revenue Projection May Avert Crisis for Current Budget

March 12, 2026 | njspotlightnews.org

Despite concerns about import tariffs and Middle East war, state government revenue forecasters in New Jersey are predicting overall tax collections will slightly exceed their initial forecast, at least for now. 

New projections have added more than $180 million to the expected bottom line, according to projections released by the state Department of the Treasury for the current fiscal year, which ends June 30,

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NJ SEED: Notwithstanding dire predictions about the impact of tariffs and Middle East conflict, it looks like revenues will increase year over year reducing pressures on FY 2026 spending plans.