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Joe Pennacchio

Posted on: January 17, 2024

Pennacchio: New Jersey Ranks Highest in Outbound Migration for Sixth Consecutive Year

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Lawmaker says excessive spending and increasing taxes to blame

For the sixth consecutive year, New Jersey had more residents leave than any other state in the nation. Senator Joe Pennacchio points to the unending tax increases and excessive spending under the Murphy administration in its effort to turn New Jersey into the California of the East Coast.

“New Jerseyans have watched as the Murphy Administration and its Democrat Allies have slashed school funding, poured billions into failed energy projects, and passed a massive $54.3 billion budget with little transparency,” said Pennacchio (R-26). “Our property tax rate is the highest in the nation and the overall cost of living and running a business is so great that people are being priced right out of the marketplace. No wonder why so many New Jerseyans are leaving."

According to United Van Lines’ 47th annual National Movers Study, in 2023, nearly “65% of New Jersey moves were outbound”—the highest among all states. 27% of the people cited retirement as a reason for leaving.

“These numbers are not just abstractions. New Jersey’s tax, spend, and over-regulating policies have forced grandparents to leave their grandchildren, split apart families, and permanently separated communities," added Pennacchio. "This should not be what government is all about. New Jersey's public policy should be based on people living in, not leaving, New Jersey. We need to embrace sensible solutions, not extremist ones, so that New Jersey can once again become a desirable place to live, work, and raise a family."

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