This document presents policy recommendations for higher education planning in New Jersey, in light of the New Jersey Higher Education Restructuring Act of 1994. It articulates a vision and characteristics of excellence to inspire future action, coupled with broad policy recommendations to guide institutions and state policymakers in their planning. The recommendations focus on six critical issues in higher education planning: (1) effective and efficient use of public resources, including capacity of the system, flexibility and productivity, effective delivery of services, Tuition Aid Grant distribution, transfer and articulation, and accelerated student learning; (2) education and workforce training, including K-12 education, undergraduate and graduate education, research and scholarship, continuing education, workforce needs, graduation and transfer rates, and academic support for diverse needs; (3) economic growth, including research funding and urban revitalization; (4) community civility, including diversity and enhancing the state's social health; (5) environment, including environmental preservation and developing environmental talent; and (6) health care, including medical and allied health programs, preventive health care, and substance abuse prevention. The document also outlines essential conditions for achieving these recommendations. (MDM)