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Treasury highlights technology upgrades, pension funding gains and unclaimed-property returns

New Jersey Legislature Budget Committee · May 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Treasury told lawmakers it has modernized business filings, launched a combined senior application (PAS-1) and is phasing in a new tax portal, while pension payments and unclaimed-property returns increased under this administration.

Treasury used its budget hearing appearance to outline a string of operational changes and program rollouts intended to modernize state services and ease access to benefits.

Officials said the division of taxation has implemented an auto-file application and launched the PAS-1 combined application in February to let seniors apply for Anchor, senior freeze and StayNJ benefits through one form. Treasury described the new integrated tax system (internally…

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