These next few months could likely be the last chance for Democrats to partially or fully lift the cap, said Marc Pfeiffer, a senior policy fellow at Rutgers University’s Bloustein School of Planning and Public Policy. “People that pay higher taxes tend to be in Democratic states,” he said….
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...