Residents are already voting, and in days we will know the results of the gubernatorial election. The stakes could not be higher for our state’s economic future. The New Jersey Chamber of Commerce urges our members – and all New Jerseyans – to take a close look at the economic records and plans of both candidates.
And vote!
As we move into mid-September, New Jersey finds itself at a critical crossroads. The gubernatorial election is quickly approaching, and with it comes an opportunity to set the course for our state’s economic future. The stakes are higher than ever. Uncertainty continues to surround both the national and state economies, and our next governor and legislature must make the economy a top priority. New Jersey must be positioned not only to grow in good times but also to withstand the next downturn that might come.
As New Jersey enters a pivotal period of political transition with the 2025 gubernatorial election on the horizon, we are also entering an economic inflection point. This election presents a critical opportunity to realign the state’s priorities and confront the serious economic headwinds that continue to grow. The next governor – regardless of party or platform – must make New Jersey’s economy the top priority from day one.
We are deeply disappointed in this year’s budget. It marks the eighth consecutive year of overspending and continues to show a troubling lack of focus on growing New Jersey’s current and future economies. This budget makes the state less affordable, less competitive, and less business friendly. Rather than driving progress, it maintains a status quo that has failed to deliver real economic success—and it’s not what New Jerseyans want, as reflected in a recent Rutgers-Eagleton poll showing widespread dissatisfaction with the state’s economic direction.
A Message from President & CEO Tom BrackenAs New Jersey’s fiscal year 2026 budget deadline approaches, the stakes have never been higher for our economy, our employers, and our future. In just one month, Governor Murphy and the Legislature must finalize a budget that either sets us on a sustainable path, or pushes us further toward a fiscal cliff. We must choose wisely.
We are living in a time of deep uncertainty – politically and economically. As we look to the future, one thing is abundantly clear: if we are to navigate the challenges ahead and unlock the opportunities waiting on the other side, leadership is the key.
New Jersey’s economy was already facing much uncertainty when President Trump made his tariff announcement. In February, Gov. Murphy proposed a record-high state budget including $1.2 billion in new fees and taxes – and increased spending. There is the looming threat of huge federal aid cuts that could upend the proposed budget and jeopardize vital services to residents. Massive budget deficits are projected for future state budgets. The cost of living for New Jersey businesses and residents is sky-high causing increased pressure. There is uncertainty regarding who our next governor will be – and the direction that person will take the state.
- Restoring Economic Certainty: New Jersey Needs Pro-Growth Policies, Not More Uncertainty
- A Resounding Success: The Walk to Washington and A Call for a Stronger Economic Future
- National Economic Discussions Should Resonate with New Jersey’s Leaders
- The Elections Are Over: Let’s Get to Work on Jobs and the Economy