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New Jersey Poised for Transformative Year: Elections, Climate Action, and Economic Shifts Ahead in 2025

New Jersey is gearing up for significant changes in the coming year, with a focus on politics, environmental regulations, and economic developments.

The 2025 New Jersey gubernatorial election is set to take place on November 4, 2025, with primary elections scheduled for June 10, 2025. Incumbent Democratic Governor Phil Murphy is term-limited, and several candidates have already declared their intentions to run, including U.S. Representatives Josh Gottheimer and Mikie Sherrill, Newark Mayor Ras Baraka, and Jersey City Mayor Steven Fulop on the Democratic side, and state Senator Jon Bramnick, 2021 gubernatorial nominee Jack Ciattarelli, and radio talk show host Bill Spadea on the Republican side[1].

In environmental news, the New Jersey Department of Environmental Protection (NJDEP) is proposing regulatory reforms to help communities adapt to sea-level rise and extreme weather. The "Resilient Environments and Landscapes" (REAL) rule proposal aims to address the impacts of climate change and is expected to be published in the New Jersey Register in July 2024, with a 90-day public comment period[2].

On the economic front, the New Jersey Business & Industry Association (NJBIA) released its 66th annual Business Outlook Survey, which found that 34% of respondents reported a slowdown in their industry, while 15% reported an expansion. The survey also found that 57% of respondents had no plans to expand, while 25% planned to expand in another state[5].

In policy updates, Governor Murphy signed a bill streamlining the senior tax relief program, which simplifies the Stay NJ senior tax credit program and aligns it with the Anchor and Senior Freeze relief programs. However, some policy experts have expressed concerns about the viability of the program[4].

Looking Ahead:
- The 2025 New Jersey gubernatorial election primary elections are set to take place on June 10, 2025, with the general election scheduled for November 4, 2025.
- The NJDEP's proposed REAL rule is expected to be adopted in the fall of 2025, which will have significant implications for land development in New Jersey.
- The NJBIA's Business Outlook Survey highlights the need for economic growth and stability in the state, with many businesses expressing caution about expanding in New Jersey.
Duration:
4m
Broadcast on:
03 Jan 2025
Audio Format:
other

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New Jersey is gearing up for significant changes in the coming year, with a focus on politics, environmental regulations, and economic developments.

The 2025 New Jersey gubernatorial election is set to take place on November 4, 2025, with primary elections scheduled for June 10, 2025. Incumbent Democratic Governor Phil Murphy is term-limited, and several candidates have already declared their intentions to run, including U.S. Representatives Josh Gottheimer and Mikie Sherrill, Newark Mayor Ras Baraka, and Jersey City Mayor Steven Fulop on the Democratic side, and state Senator Jon Bramnick, 2021 gubernatorial nominee Jack Ciattarelli, and radio talk show host Bill Spadea on the Republican side[1].

In environmental news, the New Jersey Department of Environmental Protection (NJDEP) is proposing regulatory reforms to help communities adapt to sea-level rise and extreme weather. The "Resilient Environments and Landscapes" (REAL) rule proposal aims to address the impacts of climate change and is expected to be published in the New Jersey Register in July 2024, with a 90-day public comment period[2].

On the economic front, the New Jersey Business & Industry Association (NJBIA) released its 66th annual Business Outlook Survey, which found that 34% of respondents reported a slowdown in their industry, while 15% reported an expansion. The survey also found that 57% of respondents had no plans to expand, while 25% planned to expand in another state[5].

In policy updates, Governor Murphy signed a bill streamlining the senior tax relief program, which simplifies the Stay NJ senior tax credit program and aligns it with the Anchor and Senior Freeze relief programs. However, some policy experts have expressed concerns about the viability of the program[4].

Looking Ahead:
- The 2025 New Jersey gubernatorial election primary elections are set to take place on June 10, 2025, with the general election scheduled for November 4, 2025.
- The NJDEP's proposed REAL rule is expected to be adopted in the fall of 2025, which will have significant implications for land development in New Jersey.
- The NJBIA's Business Outlook Survey highlights the need for economic growth and stability in the state, with many businesses expressing caution about expanding in New Jersey.