IS NEW JERSEY READY FOR THE NEXT BIG STORM?
93% of voters want the state to invest in projects that reduce weather damage. This bipartisan support includes 97% of Democrats and 89% of Republicans.
Image Credit: U.S. Coast Guard
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View ToolsNEW JERSEY CANNOT AFFORD TO WAIT
Rebuild’s latest research, “NJ Underwater: Public Infrastructure at Risk,” finds nearly 1 in 4 public facilities in New Jersey are currently at risk of flooding. By 2050, that rises to more than 1 in 3.
Flooding and extreme weather have cost New Jersey taxpayers $7.9 billion in federal disaster spending in the last 15 years. By 2050, rising flood risk threatens $435.9 billion in property value, $5.9 billion in annual tax revenue, and thousands of the schools, hospitals, fire stations, and water systems families depend on every day. At the same time, 1.3 million residents will live in high flood risk areas. Half are lower income and may not have the resources to move.
These costs get passed on to families through rising property taxes, higher insurance premiums, and growing utility bills.
New Jersey needs a resilient infrastructure bond to create dedicated, long-term funding that protects communities, homes, and public systems before the next storm hits. A $3 billion resilient infrastructure bond could support more than 26,000 good-paying jobs across the state, with federal matching pushing that to 45,000.
Every $1 invested in resilient infrastructure yields $13 in avoided disaster costs and every $1 not invested in disaster resilience today can cost communities up to $33 in lost future economic activity.
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The Data Is Clear, New Jersey Is Underwater
Since 2019, the National Flood Insurance Program (NFIP) has paid out $6.5 billion on more than 230,000 flood insurance claims for homes and businesses across all 21 New Jersey counties, with Ocean County alone accounting for $2.6 billion.
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SAFEGUARDING NJ'S FUTURE
When infrastructure fails, the costs land on households. New Jersey electricity prices have risen by more than a third since 2023, with some families seeing bills jump 20% in a single year (WHYY, 2026).
Insurance Is Disappearing Where It's Needed Most
A 2024 Senate Budget Committee investigation, analyzing data from two dozen insurance companies covering about 65% of the homeowners market, found that counties most exposed to climate hazards have the highest and fastest-growing non-renewal rates in the country. New Jersey is no exception.
Between 2018 and 2023, Cape May County’s non-renewal rate tripled, rising from 0.47% to 1.45%. Hudson, Ocean, and Atlantic counties saw some of the steepest increases statewide. Three NJ counties now rank among the top 100 nationally for insurance non-renewals. As insurers pull back, more families are left to carry the financial risk of flooding on their own.
3 in 4 New Jerseyans Worried About Damage from Extreme Weather
Across party lines, New Jersey voters support large-scale investment in resilient infrastructure, according to a survey by Rebuild by Design and Environmental Defense Fund, in partnership with Fairleigh Dickinson University. Read the poll results >>
$3 Billion Climate Resilience Bond CAN Support 26,000+ Jobs IN NJ
| Impact | $3 Billion Investment Scenario (Bond Act) | $9 Billion Investment Scenario (Insurance Surcharge) | ||
|---|---|---|---|---|
| Without Leveraged Funds | With Leveraged Funds | Without Leveraged Funds | With Leveraged Funds | |
| Direct Spending (Millions) | $3,000 | $5,200 | $9,000 | $15,600 |
| Direct Jobs | 13,000 | 23,000 | 40,000 | 70,000 |
| Indirect Jobs | 4,000 | 6,000 | 11,000 | 19,000 |
| Induced Jobs | 8,000 | 15,000 | 25,000 | 45,000 |
| Total Jobs | 26,000 | 45,000 | 77,000 | 134,000 |
Source: AECOM Analysis. Notes: Multipliers are derived from EMSI for New Jersey from 2024. Job estimates are for those supported within New Jersey. Figures are rounded to nearest thousand. Totals may not add due to rounding. Direct, Indirect, and Induced Impacts are defined in Appendix C of the report.
A report by AECOM and Rebuild by Design, Understanding the Potential Economic Impacts of Climate Resilience Investment Scenarios in New Jersey, models two funding scenarios for state-level resilient infrastructure: $3 billion and $9 billion, invested across three categories:
- 40% for Flood Risk Reduction and Restoration
- 40% for Water Infrastructure
- 20% for Climate Resilience, including grid modernization, energy efficiency upgrades, and nature-based solutions
A $3 billion investment could support 26,000 jobs; a $9 billion investment could support 77,000. With federal matching, those numbers grow to 45,000 and 134,000 jobs respectively, unlocking billions in additional spending. Beyond job creation, these investments would expand workforce development and support communities most impacted by climate change and economic inequality.
AN EXAMPLE NEXT DOOR: NEW YORK'S $4.2B ENVIRONMENTAL BOND ACT
In 2019, Rebuild by Design worked with a coalition of leaders across New York State In response to the coalition’s work, NY voters approved the $4.2 billion Environmental Bond Act in November 2022.
As of March 2026, NYS has allocated $1.9 billion to projects across the state.
The bond act funded: $1.1 billion for Restoration and Flood Risk Reduction; $650 million for Water Quality Improvement and Resilient Infrastructure; $650 million for Open Space Conservation and Recreation; $1.5 billion for Climate Change Mitigation; and $300 million for other projects.










