Economics in NJ 2009-2012 State Assessment

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On the other hand the percentage of the mortgage loans in foreclosures continues to rise from 2009 to the present times (Tyrrell, 2012). This is because many of the borrowers are caught in a situation where they are unable to pay up the mortgages in time. This still narrows down to the employment state in NJ and the availability of finances.

Finances

There is a decrease in state budget from 2009 to 2012 signifying that there has been proposed less spending in the fiscal year. Less spending signifies that, the state of New Jersey managed to adopt new methods of governing and management tactics which helped them to plan properly on how they can spend money which involves the outflow and the inflow within the company. The average property taxes have also continued increasing while the average property taxes after rebate causing an increase in the gross domestic product growth of the people in the states of New Jersey.

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Transportation

The use of bridges and tunnels from NJ to NY is seen to be steady with no changes between these years. The use of Turnpike from Trenton to Newark is seen to have been constant up until 2012 when an increase was recorded. The use of parkway route from Bloomied to Belmar was also constant until an increase was recorded in 2012 .this so because there have been significant constructions and repairs in these routes that have now enabled more people to use them. The gas prices in NJ have been increasing at an almost same rate with the rest of the U.S. between these years. This can be attributed to the higher crude oil prices due to the tensions observed in the Middle East and also the general state of economy worldwide.....

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