Rutgers economist James Hughes said even if President Joe Biden is able to convince Congress to freeze the 18.4 cent a gallon federal gas tax for the next few months and Gov. Phil Murphy agrees to suspend the state gas tax (an idea he has rejected so far) “that would be a 10% reduction in price. I don’t think that’s a game-changer by any means.”
He said even in the best-case scenario, “it’s not going to be a major impact on people’s lives. I don’t think anybody is going to be happy.”
Read Report R/ECON’s economic forecast for New Jersey at the beginning of 2026 is a mixed bag. The state, like the nation, is likely to finish the year with notably stronger GDP growth than forecast earlier in the year. At the same time, the outlook for 2026 continues...
The Office of New Jersey Governor Mikie Sherrill has released the report of the Jobs, Opportunity, and Prosperity for All action team, which was tasked with developing job and economic growth strategies for the state. The task force was co-chaired by Carl Van Horn,...
Large-Scale Thermal Energy Network Systems in New Jersey: Feasibility, Marketability, Benefits, and Costs Read the full report Executive Summary The Center for Urban Policy Research (CUPR) undertook this study on behalf of the New Jersey Board of Public...
Read the Guide Press Release For Immediate Release: February 23, 2026 Contact: Kathleen Hoffelder, Senior Content Editor 862-702-5628 / khoffelder@njcpa.org Updated New Jersey Homeowner’s Property Tax Guide Available — Property Tax Relief and Assessment Process...
The Alan M. Voorhees Transportation Center (VTC) has released a new report examining the history of public transit funding in New Jersey and its lasting implications for system performance today. This work was sponsored by NJ TRANSIT to document how past funding...