New Jersey may be vulnerable to the next economic downtown, according to a new report released Tuesday by New Jersey Policy Perspective, just as it was with the Great Recession.
Authored by a practicum of Rutgers University Bloustein School of Planning and Public Policy graduate students, the report compared New Jersey’s preparedness for and response to the Great Recession to five other states: Connecticut, Illinois, Maryland, Massachusetts and North Carolina.
“Knowing how comparable states reacted during the Great Recession, and how those decisions have affected their overall economic recovery, is critical to understanding what options are available to New Jersey during the next economic downturn,” Sheila Reynertson, senior policy analyst at NJPP, said. “New Jersey had one of the slowest economic recoveries in the nation after the last recession. State lawmakers cannot afford to repeat those same mistakes.”