Detailing the financial damage due to COVID-19, Governor Murphy just announced that April revenue collections dropped $3.5B since last April, an unprecedented 60% drop. ‘These numbers are a sobering reminder’ that COVID-19 isn’t limited to impacting public health, but also to the state’s financial health.

Treasurer Muoio will release data later today, the Governor said, adding that direct federal assistance is all the more necessary and urgent; a revenue collapse without layoffs or gutting services can’t be avoided without federal aid.

They released the following: