Jan 30 2025 3 mins 1
New Jersey is entering a pivotal year with significant developments across various sectors. Governor Phil Murphy delivered his final State of the State address, emphasizing his commitment to making New Jersey the best state to live, work, and raise a family. Murphy highlighted the state's progress over the past seven years but acknowledged that there is still much work to be done, particularly in delivering economic security and opportunity to every New Jerseyan[2].
In government and politics, State Senator Doug Steinhardt has been tapped for U.S. Attorney for New Jersey, marking a significant change in the state's legal landscape[1]. The U.S. Congress also passed the Laken Riley Act, which has implications for New Jersey residents.
On the economic front, the 2025 outlook is mixed, with potential growth under deregulation but challenges from tariffs and a high corporate business tax rate. New Jersey's structural deficit of over $4.5 billion and high property taxes are also concerns for businesses[3].
In environmental news, New Jersey hit a solar energy milestone, underscoring the state's commitment to renewable energy[1]. Governor Murphy reaffirmed his commitment to combating climate change, aiming for 100% renewable energy by 2035, despite potential impacts from federal policy changes under the new Trump administration[4].
Community news includes Paterson pulling a proposal that punished homeless individuals for sleeping outside, a move welcomed by advocates[1]. Additionally, New Jersey launched its first 'baby café' to support breastfeeding mothers, highlighting the state's focus on family welfare.
Looking Ahead:
- The impact of the new Trump administration on New Jersey's environmental policies and economic outlook will be closely watched.
- The finalization of the New Jersey Department of Environmental Protection’s Site Remediation Program changes is expected in 2025, which could significantly affect the regulated community[4].
- Governor Murphy's last year in office will be crucial in shaping the state's future, particularly in addressing economic and environmental challenges.
In government and politics, State Senator Doug Steinhardt has been tapped for U.S. Attorney for New Jersey, marking a significant change in the state's legal landscape[1]. The U.S. Congress also passed the Laken Riley Act, which has implications for New Jersey residents.
On the economic front, the 2025 outlook is mixed, with potential growth under deregulation but challenges from tariffs and a high corporate business tax rate. New Jersey's structural deficit of over $4.5 billion and high property taxes are also concerns for businesses[3].
In environmental news, New Jersey hit a solar energy milestone, underscoring the state's commitment to renewable energy[1]. Governor Murphy reaffirmed his commitment to combating climate change, aiming for 100% renewable energy by 2035, despite potential impacts from federal policy changes under the new Trump administration[4].
Community news includes Paterson pulling a proposal that punished homeless individuals for sleeping outside, a move welcomed by advocates[1]. Additionally, New Jersey launched its first 'baby café' to support breastfeeding mothers, highlighting the state's focus on family welfare.
Looking Ahead:
- The impact of the new Trump administration on New Jersey's environmental policies and economic outlook will be closely watched.
- The finalization of the New Jersey Department of Environmental Protection’s Site Remediation Program changes is expected in 2025, which could significantly affect the regulated community[4].
- Governor Murphy's last year in office will be crucial in shaping the state's future, particularly in addressing economic and environmental challenges.
