The Impact of the Stimulus on New Jersey

The White House has put out a 102-page "fact sheet (PDF) that details the economic impact of the proposed stimulus package on every state.  Here's New Jersey's share:

  • Creating or saving 106,000 jobs over the next two years. Jobs will be created in a range of industries from clean energy to healthcare. Over 90% of jobs will be in the private sector. 
  • Providing a making work pay tax cut of up to $1,000 for 3,150,000 workers and their families.
  • Making 77,000 families eligible for a new American Opportunity tax credit to improve the affordability of college.
  • Offering an additional $100 per month in unemployment benefits to 731,000 workers in NJ who have lost their jobs in this recession, and providing extended unemployment benefits to an additional 148,000 laid off workers. 
  • Providing funding sufficient to modernize at least 205
    schools in New Jersey so our children have the labs, classrooms and
    libraries they need to compete in the 21st century economy.

One thought on “The Impact of the Stimulus on New Jersey

  1. tony corsi

    Hi fellow Bloggers. Many,if not all of us, should have received an email from Doug Small with an attached USDOL Training and Employment Notice(TEN) offering some guidance on rolling out the “Recovery Act”$$$(AKA-Obama Bucks). I’ll bring copies to the next GSETA mtg. for an active discussion during the legislative report.

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