Economics
New Jersey Moves Toward Reopening After 60% Drop in Revenue
- Governor sets May 18 for retail pickup, construction work
- State lost $3.5 billion last month as virus hammered economy
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New Jersey Governor Phil Murphy announced the first steps for reopening the state as it saw April revenue plummet 60% from a year ago, evidence of the financial toll exacted by the coronavirus pandemic.
Retail businesses will be allowed to offer curbside pickup starting May 18, and restrictions will lift on non-essential construction work, Murphy said Wednesday at a news briefing. Customers won’t be permitted inside non-essential stores. “They will have to continue placing orders in advance,” Murphy said.