For a quarter century or more, the prevailing economic philosophy in America has been simple, though misguided: cut taxes, reduce regulation, minimize the role of government, and the economy will take care of itself.  Now, as the nation stands on the brink of the greatest financial crisis since the Great Depression, Americans are surveying the legacy that has left us: an economy in tatters, failing infrastructure, underfunded schools and social services, and a burgeoning income gap between the rich and everyone else.

In the wake of the collapse of the laissez-faire model, the INVEST IN A NEW JERSEY economic strategy points to a better way forward.  Public investment is properly understood as an engine for economic growth.  When that investment is in public education, the return is two-fold.  Strong schools produce successful students, and everyone benefits from the stronger economy that results. 

INVEST IN A NEW JERSEY calls for shared participation on the part of every resident.  That is appropriate, because public education is not solely the concern of parents and students.  New Jersey’s immediate economic recovery and its future prosperity depend heavily on the quality of its public schools.  New Jersey’s public schools are already among the very best in the nation.  By investing wisely now, the state can jumpstart its economy and build on that foundation for its long term fiscal health. For more information contact NJEA Research Director Rich Gray.

The INVEST STRATEGY

Economic Development – advocates proven, long-term investment in public education before unaccountable subsidies and tax breaks for corporations.  To the extent that corporate incentives and subsidies are economically necessary, they should be carefully monitored to ensure that taxpayers receive the economic benefits promised.

School Funding – calls for sustained adequate and equitable investment in people, programs, and infrastructure to create strong, successful schools.

Tax Policy – promotes a fairer, more equitable system of taxation to create a revenue stream which allows for consistent strategic investment.