174:, Egea wrote: “A leading indicator of the lagging state of New Jersey’s economy was the July release of Q1 2019 Gross Domestic Product data from the U.S. Bureau of Economic Analysis. While the national economy reported a strong 3.1% rate, New Jersey reported a rate of 1.8% placing us tied for dead last among mainland U.S. states. And versus our near-neighbors? We trailed far behind other states in the region including less than half the growth rate of Delaware (3.9%) and New York (3.8%). And Pennsylvania at 2.9% was more than 1% above New Jersey’s performance.”
251:'s School of Public & Global Affairs to commission a public opinion survey to ask New Jersey residents about whether they were considering leaving the state and what the key drivers of the decision would be. The poll found that 44% of New Jersey residents are considering leaving the state in the not so distant future with more than 1 in 4 (28%) planning to depart the Garden State within 5 years. Property Taxes and the overall Cost of Living were cited as the main drivers.
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magazine. It also studies issues related to the state's workforce, such as how to attract and retain young professional workers, how to address high tuition rates at New Jersey colleges and universities, and how to use the state's
Transportation Trust Fund to ultimately grow the state's economy. The
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which headlined the group's first economic policy forum, which featured a bipartisan lineup of current and former public officials and thought leaders. GSI holds its economic policy forum every year. While there are more
Republican lawmakers in the state who are aligned with GSI than there are
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editorial board and former New York State Tax
Commissioner Dr. James Wetzler discussion the state of the U.S. economy and a second panel focused on New Jersey's economic outlook which featured Senator Steve Oroho (R), Assembly Majority Leader Lou Greenwald (D), former State Democratic Party and New
167:
Central to GSI's campaign for reforms in New Jersey's tax and economic policies is the argument that the state is performing poorly on key economic indicators, according to Egea. For example, between March and August 2019, the state with the highest number of job losses in the finance industry was
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In
January 2019, GSI published and released a report called “Adding It All Up.” GSI found, obtained, analyzed, and then added up the budgets of over 1,000 government agencies inside New Jersey. As a result, the report indicated that “governments in New Jersey are raising more than $ 86 billion
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Jersey State
Investment Council Chairman Tom Byrne and Dan Geltrude, CPA. In the spring of 2018, GSI issued its second research report, "New Jersey's Business Tax Competitiveness: Modeling the Prospects for Growth," with research by
237:“The group’s first report issued late last month, offered a first-of-its-kind calculation of all the revenue being collected in New Jersey by governments at every level. (The total is $ 121 billion, according to GSI.)”
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and the
Commerce & Industry Association of New Jersey. However, GSI is careful to clarify that it “does not advocate for business,” according to Egea, and does not accept donations from private companies.
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Subsequent reports focused on the potential to save $ 200 million annually on the cost of student transportation and a pathway to $ 2 billion in savings on the cost of the state's roads and bridges.
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GSI joined the group Fair
Property Taxes for All New Jersey (FPTFANJ) in hosting a public town hall in September 2019 that focused on affordability issues, property taxes, and the state's economy.
109:-based research and educational organization. GSI conducts original research and provides regular analysis and commentary on issues and events impacting the state. It is a regular member of
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GSI is focused on finding policy solutions that would “build a sustainable and effective economic infrastructure that supports jobs and retains valued workers,” according to
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Founded in 2017, GSI is “devoted to providing research-based answers to fiscal and economic issues” facing the state of New Jersey. GSI's founder and current president is
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group believes that the state of New Jersey must change the fundamentals of its economic policies, specifically by addressing tax policy, for example.
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annually from taxes, fees and other revenues” (excluding the Port
Authority of New York and New Jersey and some other bi-state agencies).
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Democrats, GSI's goals are shared by some state
Democratic leaders. For example, at its second annual forum in May 2019 (moderated by
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Adding It All Up: The Path to Saving $ 2 Billion on the Cost of New Jersey’s Roads and
Bridges
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574:"There's a cheaper way to fix roads in N.J. We're just doing it wrong, study says"
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There’s a cheaper way to fix roads in N.J. We’re just doing it wrong, study says
471:"New Jersey's Business Tax Competitiveness: Modelling the Prospects for Growth"
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New Jersey's Business Tax Competitiveness: Modelling the Prospects for Growth
203:" with research by Ernst & Young which headlined the group's first ever
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New Jersey, which lost 7,700 full-time jobs. In a September 2019 op-ed in
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521:"GSI forum offers some 'uncomfortable truths' of doing business in N.J."
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598:"Fair Property Taxes for All NJ Hosts "Tax Talk" Series in Parsippany"
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GSI works with other business organizations in the state, such as the
309:"A River of Cash: Analyzing NJ's Multibillion-Dollar Revenue Streams"
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In October 2017, the organization issued its first research report
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184:"Connecticut's Fiscal Crisis Is a Cautionary Tale for New Jersey"
548:"Is NJ's $ 1.2B School Transportation System Ripe for Savings?"
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In the spring of 2018, GSI issued its second research report, "
422:"Does New Jersey's Next Governor Want to Live in Connecticut?"
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496:"GSI Economic Forum speaker: N.J. 'needs an intervention'"
446:"GSI Economic Forum speaker: N.J. 'needs an intervention'"
371:"Garden State Initiative becomes N.J.'s newest think tank"
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Political and economic think tanks in the United States
397:"N.J.'s economic reality vs. Gov. Murphy's rhetoric"
624:"Poll: 44% of NJ residents planning to move away"
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221:), the Democratic leader of the state Senate,
156:New Jersey Business & Industry Association
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343:"How Can New Jersey Retain More Jobs?"
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131:New Jersey Governor
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292:References
286:Think tank
44:Non-profit
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178:History
105:) is a
82:Website
49:Purpose
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