While school construction may increase New Jersey’s debt load, this infrastructure-rebuilding program generates jobs and taxes and bolsters the economy. A study conducted by the Rutgers Center for Urban Policy Research and the Heldrich Center for Workforce Development showed that $1 billion spent on school construction results in thousands of full-time jobs and many millions of dollars in state and local taxes.
Report Release: R/ECON Forecast Summer 2025
Read Report R/ECON’s economic forecast for New Jersey as of mid-2025 continues to show a slowing trajectory. Annual GDP growth is projected at just 0.5% for 2025, significantly lower than in prior forecasts and markedly below the national rate of 1.5%. Growth will...