In Honor of Black History Month, Governor Murphy and Lieutenant Governor Way Announce the Wealth Disparity Task Force REPORT

The report, “New Jersey—Building A State Of Opportunity: A Report of the Wealth Disparity Task Force to Close Opportunity Gaps and Repair Structural Disparities,” identifies the historical drivers of wealth disparities, outlines the current steps the Administration is taking to address those disparities, and recommends additional actions to build a more inclusive and equitable state. Former Lieutenant Governor Sheila Y. Oliver, who served as Co-Chair of the Wealth Disparity Task Force, heavily informed the report.

“The findings in this report underscore the persistent wealth disparities that Black and Latino communities have endured for generations,” said Governor Murphy. “Ending these longstanding disparities is essential to cementing New Jersey’s reputation as the state of opportunity. While I am proud that our Administration has already acted upon a number of the recommendations in this report, we clearly have much more work to do. Over the next year, we’re committed to redoubling our efforts to build a more just, equitable, and inclusive future for all New Jerseyans.”

“I would be remiss if I did not acknowledge my late partner in government, Lieutenant Governor Sheila Oliver, who was a lifelong champion of our state’s underserved communities. Sheila was the driving force behind this Task Force and her invaluable contributions as Co-Chair will leave a lasting and meaningful impact on our state for years to come,” continued Governor Murphy. “This report is a testament to the progress we must continue making in Sheila’s honor, as well as our commitment to fostering the potential of every New Jerseyan, in every community. I’d also like to thank the Task Force Co-Chairs, members, and Jayné Johnson from my staff for their tireless efforts to bring this important report to fruition.”

“Through the lens of history, each of us can better identify past discrimination and understand the origins of the structural barriers that persist today,” said Lieutenant Governor Way. “At this critical time in our nation’s history, I am grateful to see our Administration work to address these injustices, advance opportunities for all communities, and make meaningful and lasting progress toward a more equitable future for all.”