Revised Revenue Forecast Adds Almost $3.7B to State Coffers

March 2, 2023 | njspotlightnews.org

Cash infusion would help pay down debt, bolster rainy day fund and could even earn NJ a better grade from bond-rating firms.

NJ SEED: NJ has emerged from the pandemic with its fiscal house in order. The state is in good positionto withstand troubled waters that may lie ahead as some economists predict. Using unanticipated revenue to pay down bonded debt and build budget reserves would be putting these resources to good use.