February 20th, 2015 by Sheila Reynertson | No Comments
If you’d prefer to read a PDF version of this report, click here. What are the prospects for next year’s state budget? In a word: bleak. With New Jersey’s chronically sluggish economic recovery, the state has serious financial problems because revenues are not growing fast enough to meet the state’s biggest obligations. It has practically […]
February 11th, 2015 by Raymond J Castro | No Comments
Securing full federal funding via higher enrollments is an ambitious but achievable goal. In fact, New Jersey is more than halfway there.
January 21st, 2015 by Jon Whiten | No Comments
As New Jersey policymakers close in on a deal to boost New Jersey’s transportation funding, a bold solution that raises at least $1 billion in new revenue a year through new gas taxes is essential if New Jersey wants to take advantage of one of its greatest economic assets – its location – and rebuild a strong state economy. Equally essential is strengthening a key tax credit for working families – the Earned Income Tax Credit (EITC) – to ease the disproportionate pinch a gas tax increase would mean for low-income households.
December 29th, 2014 by Jon Whiten | No Comments
Policymakers were smart to include indexing in their work on the 2013 wage increase, but that does not mean they can “set it and forget it.” There is clearly more work to be done to improve the economic security of the Garden State’s low-wage workers.
December 17th, 2014 by Stephen Herzenberg | No Comments
While one of the central tenets of repeated calls for major changes to New Jersey’s public pension system is the claim that public employee pensions are overly generous, retirement benefits for the state’s public workers are already among the least generous of all large public-sector pensions in the country, in part because of cuts enacted in the pension reforms of 2011.
December 2nd, 2014 by Brandon McKoy | No Comments
The key measurements of economic security from 2013’s Census data tell a distressing story for New Jerseyans.
October 15th, 2014 by Jon Whiten | No Comments
If you’d prefer to read a PDF version of this report, click here. More than five years after the official end of the Great Recession, New Jersey’s economic growth is stalled, lagging far behind the recoveries of the nation and our neighbors. One harrowing byproduct of this soft recovery is that the share of jobless […]
October 7th, 2014 by Stephen Herzenberg | No Comments
In the face of its multi-billion-dollar unfunded pension liabilities, New Jersey would be ill-advised to switch to a transparently inferior retirement plan design such as 401(k)-style accounts. In fact, high investment returns combined with low costs make DB pensions the most cost-effective retirement plans over the long term, which benefits taxpayers and public-sector retirees.
September 30th, 2014 by Erika J. Nava | No Comments
Allowing all residents the opportunity to drive legally would make New Jersey safer, help its economy and increase the well being of many families. The Garden State should follow the lead of 11 states and Washington D.C., and ensure that all drivers, regardless of their immigration status, are tested, trained, licensed, insured and accountable for their driving records.
September 22nd, 2014 by Brandon McKoy | No Comments
As the rest of the country marches out of the Great Recession of 2009, New Jersey is almost alone in watching its condition worsen. While some gains have been made over the past several years, the “Jersey Comeback” announced years ago has stalled out, stunting the opportunities for the vast majority of working New Jerseyans. The 2013 American Community Survey data released last week by the US Census Bureau show that the state still suffers from rising levels of deep poverty, increasing income inequality and a struggling economy even as these metrics are improving for most of the nation.