New Jersey: 2025 Elections
Mikie Sherrill cruises to double-digit win, becomes NJ’s next governor
Democrat Mikie Sherrill scored a double-digit victory over Republican Jack Ciattarelli to become New Jersey's next leader. Sherrill, a 53-year-old former Navy helicopter pilot and federal prosecutor, will become the second woman governor – and first Democratic woman to hold the job – in the Garden State’s 238-year history. Sherrill was leading by about 13 percentage points with 95% of the vote counted as of early Wednesday morning. See the analysis. (nj.com)
New Jersey: 2025 Elections
From budget deficits to federal cuts, Sherrill faces a daunting to-do list
A host of issues, from rising health insurance premiums and looming federal cuts to social and economic programs, to the state’s budget deficit and the struggling NJ Transit system, will flood Mikie Sherrill in January when she is sworn in as governor. Selecting a cabinet and proposing a budget will be early tasks. Complicating the state budget proposal – due in late February or early March – is a series of looming federal spending cuts and tax changes passed in DC that will slash about $1 trillion in Medicaid funding and about $285 billion in food-aid over the next decade. (NJ Spotlight News)
New Jersey: 2025 Elections
NJ Chamber on Sherrill's election: 'Let's work together on affordability'
"We look forward to working with Gov.-Elect Sherrill and her administration on strengthening New Jersey’s economy, attracting new companies, retaining the ones we have, and fostering job growth so that New Jersey remains a great place to live and work," said Tom Bracken, president of the N.J. Chamber of Commerce. "The voters of New Jersey have made it clear that they want our leaders to address the economy and affordability. Strengthening the state’s economic policies will help make that vision a reality." (N.J. Chamber of Commerce)
New Jersey: 2025 Elections
Dems flip key seats: Assembly majority grows to largest level in 50 years
New Jersey Democrats triumphed in Assembly races Tuesday, and are set to expand their majority next year after winning three long-sought seats in the 8th and 21st districts and threatening to flip four others. The apparent victories will give Democrats a two-thirds supermajority in the lower chamber for the first time since 2019 and will expand their majority to its largest since the party won 66 seats in 1973 on the heels of President Richard Nixon’s impeachment. Democrats went into Tuesday with 52 of the Assembly’s 80 seats, a majority just one vote shy of two-thirds of the chamber. That majority will likely expand to at least 55 – a historical high watermark – and could stretch further as election officials tally late-arriving mail ballots over the next week. (New Jersey Monitor)
Young homebuyers lose more ground in housing market
Young homebuyers have been priced out of the market even more than previously, according to a report released Nov. 4 by the National Association of Realtors. "As a result of decreased housing affordability and limited housing inventory, potential first-time buyers retreated further from the housing market," the report stated, comparing homebuyers between July 2024 and June 2025 to previous years. The share of first-time homebuyers dropped to a new low of 21% of all buyers, and the median age of those first-time buyers increased to 40, up from as low as the late 20s in the 1980s. (New Jersey Monitor)
Private payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
Payroll growth at private companies turned slightly stronger than expected in October, providing some hope that the labor market isn’t in danger of sinking, ADP reported Wednesday. Companies added 42,000 jobs for the month, following a decline of 29,000 in September and topping the Dow Jones consensus estimate for a gain of 22,000. A revision for September showed 3,000 fewer jobs lost, the payrolls processing firm said. (CNBC)
Resources available to NJ residents who may lose SNAP benefits
As the federal shutdown continues, new benefits for the Supplemental Nutrition Assistance Program were expected to not be issued to some grocery shoppers beginning Nov. 1. However, shoppers can still roll over unused benefits from October to pay for groceries in November. The New Jersey Food Council is providing timely information about food assistance programs, food security partners and SNAP program updates. (New Jersey Food Council)
Tomorrow, Nov. 6: Trailblazer Impact Honors Reception
Join us! African American Chamber of NJ is partnering with NJ Chamber of Commerce to recognize 8 firms for their commitment to diversity
The African American Chamber of Commerce of N.J. and the N.J. Chamber of Commerce will recognize eight New Jersey organizations for their commitment to inclusion in their workplaces and communities. The third annual Trailblazer Impact Honors Reception will take place Nov. 6 from 5 p.m. to 8:30 p.m. at Pines Manor in Edison. The event includes a cocktail networking reception, a panel discussion, and an awards presentation. See our honorees and more information. (N.J. Chamber of Commerce and African American Chamber of Commerce of N.J)
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