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NJ 2025: Minimum Wage Hike, Budget Boost, and Environmental Resilience Mark State's Transformative Year

New Jersey enters 2025 with a mix of significant policy changes, economic developments, and environmental updates. The state's minimum wage has been raised to $15.49 per hour, a scheduled increase from a 2019 bill signed by Governor Phil Murphy, aiming to improve living standards for workers[1].

In government and politics, the 2025 state budget, proposed by Governor Murphy, focuses on affordability, economic growth, and public safety. The $55.9 billion spending plan includes record-high property tax relief, full funding for the school aid formula, and significant investments in healthcare and housing[2].

Transportation costs are set to rise, with tolls on the New Jersey Turnpike, Garden State Parkway, and Atlantic City Expressway increasing by 3%, and a 2.6 cent per gallon gas tax hike to fund transportation infrastructure projects[5].

On the environmental front, the New Jersey Department of Environmental Protection (NJDEP) is proposing regulatory reforms to help communities adapt to sea-level rise and extreme weather, with the "Resilient Environments and Landscapes" (REAL) rule expected to be adopted in the fall of 2025[3].

Looking Ahead:
- The pay transparency law, requiring employers to disclose compensation with promotional opportunities and in employment listings, will take effect on June 1, 2025[1].
- The NJDEP's proposed REAL rule will undergo a public comment period before its anticipated adoption in the fall of 2025[3].
- The state's continued focus on economic growth and public safety, as outlined in the 2025 budget, will be closely watched for its impact on residents and businesses[2].
Duration:
3m
Broadcast on:
01 Jan 2025
Audio Format:
other

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New Jersey enters 2025 with a mix of significant policy changes, economic developments, and environmental updates. The state's minimum wage has been raised to $15.49 per hour, a scheduled increase from a 2019 bill signed by Governor Phil Murphy, aiming to improve living standards for workers[1].

In government and politics, the 2025 state budget, proposed by Governor Murphy, focuses on affordability, economic growth, and public safety. The $55.9 billion spending plan includes record-high property tax relief, full funding for the school aid formula, and significant investments in healthcare and housing[2].

Transportation costs are set to rise, with tolls on the New Jersey Turnpike, Garden State Parkway, and Atlantic City Expressway increasing by 3%, and a 2.6 cent per gallon gas tax hike to fund transportation infrastructure projects[5].

On the environmental front, the New Jersey Department of Environmental Protection (NJDEP) is proposing regulatory reforms to help communities adapt to sea-level rise and extreme weather, with the "Resilient Environments and Landscapes" (REAL) rule expected to be adopted in the fall of 2025[3].

Looking Ahead:
- The pay transparency law, requiring employers to disclose compensation with promotional opportunities and in employment listings, will take effect on June 1, 2025[1].
- The NJDEP's proposed REAL rule will undergo a public comment period before its anticipated adoption in the fall of 2025[3].
- The state's continued focus on economic growth and public safety, as outlined in the 2025 budget, will be closely watched for its impact on residents and businesses[2].