New Jersey is bracing for significant changes in the coming year, particularly in the realm of politics and economy. The state's governor's race is heating up with six Democrats and four Republicans vying to replace term-limited Governor Phil Murphy. Notable candidates include U.S. Rep. Josh Gottheimer, who is running on a "lower taxes, lower costs" platform, and Jersey City Mayor Steven Fulop, who presents himself as a non-establishment political outsider aiming to reform government[2].

In business and economy, New Jersey businesses are grappling with high costs and inflation. The New Jersey Business & Industry Association's 66th Annual Business Outlook Survey revealed that 46% of businesses were substantially impacted by inflation, with 57% citing significant impacts on supplies and materials. Despite these challenges, 77% of businesses increased wages in 2024, and 74% plan to do so in 2025[3].

On the community front, school safety remains a pressing concern. School officials are seeking additional funding to upgrade security measures, which are becoming increasingly expensive due to inflation and the need for regular replacements[4].

In environmental news, July 2024 was the 7th warmest on record in New Jersey, with a statewide average temperature of 77.9°, 2.5° above the 1991–2010 normal. The state also experienced below-normal precipitation, ranking 52nd driest of the past 130 Julys[5].

Looking Ahead:
- The general election for the New Jersey governor's race is set for November 4, 2025, with a primary election date yet to be determined.
- New Jersey businesses are hopeful for policy changes that address the high cost of doing business in the state.
- Ongoing efforts to improve school safety and address environmental concerns are expected to continue in the coming year.