WEBVTT 00:00.467 --> 00:01.501 align:left position:10% line:89% size:80% >> Announcer: MAJOR FUNDING FOR 00:01.501 --> 00:02.535 align:left position:10% line:89% size:80% "REPORTERS ROUNDTABLE" WITH 00:02.535 --> 00:03.603 align:left position:10% line:89% size:80% DAVID CRUZ IS PROVIDED BY NEW 00:03.603 --> 00:04.671 align:left position:12.5% line:89% size:77.5% JERSEY REALTORS, THE VOICE FOR 00:04.671 --> 00:06.206 align:left position:10% line:89% size:80% REAL ESTATE IN NEW JERSEY. 00:06.206 --> 00:08.808 align:left position:10% line:89% size:80% MORE INFORMATION IS ONLINE AT 00:08.808 --> 00:10.877 align:left position:10% line:89% size:80% NJREALTOR.COM. 00:10.877 --> 00:11.945 align:left position:10% line:89% size:80% RWJBARNABAS HEALTH, LET'S BE 00:11.945 --> 00:14.547 align:left position:10% line:89% size:80% HEALTHY TOGETHER. 00:14.547 --> 00:16.616 align:left position:10% line:89% size:80% AND BY NJM INSURANCE GROUP, 00:16.616 --> 00:21.888 align:left position:12.5% line:89% size:77.5% SERVING THE INSURANCE NEEDS OF 00:21.888 --> 00:22.689 align:left position:10% line:89% size:80% NEW JERSEY RESIDENTS AND 00:22.689 --> 00:23.390 align:left position:10% line:89% size:80% BUSINESSES FOR MORE THAN 100 00:23.390 --> 00:23.923 align:left position:10% line:89% size:80% YEARS. 00:23.923 --> 00:24.958 align:left position:10% line:89% size:80% PROMOTIONAL SUPPORT IS PROVIDED 00:24.958 --> 00:26.526 align:left position:10% line:89% size:80% BY "NEW JERSEY BUSINESS 00:26.526 --> 00:27.160 align:left position:12.5% line:89% size:77.5% MAGAZINE," THE MAGAZINE OF THE 00:27.160 --> 00:29.629 align:left position:10% line:89% size:80% NEW JERSEY BUSINESS AND INDUSTRY 00:29.629 --> 00:30.196 align:left position:10% line:89% size:80% ASSOCIATION. 00:30.196 --> 00:32.232 align:left position:10% line:89% size:80% REPORTING TO EXECUTIVE AND 00:32.232 --> 00:34.334 align:left position:10% line:89% size:80% LEGISLATIVE LEADERS IN ALL 21 00:34.334 --> 00:35.368 align:left position:10% line:89% size:80% COUNTIES OF THE GARDEN STATE 00:35.368 --> 00:51.051 align:left position:10% line:89% size:80% SINCE 1954. 00:51.051 --> 00:51.618 align:left position:10% line:89% size:80% >> HI AND WELCOME TO 00:51.618 --> 00:54.487 align:left position:10% line:89% size:80% "REPORTERS ROUNDTABLE." 00:54.487 --> 00:56.122 align:left position:12.5% line:89% size:77.5% I'M COLLEEN O'DAY IN FOR DAVID 00:56.122 --> 00:58.458 align:left position:10% line:89% size:80% CRUZ, WHO IS OFF THIS WEEK. 00:58.458 --> 01:00.326 align:left position:10% line:89% size:80% GOVERNOR MURPHY UNVEILED HIS 01:00.326 --> 01:02.362 align:left position:12.5% line:89% size:77.5% 2022 BUDGET THIS WEEK, WITH NO 01:02.362 --> 01:05.732 align:left position:10% line:89% size:80% NEW TAXES BUT LOTS OF SPENDING. 01:05.732 --> 01:07.600 align:left position:10% line:89% size:80% $45 BILLION WORTH. 01:07.600 --> 01:09.402 align:left position:10% line:89% size:80% HERE TO TALK MORE ABOUT THE 01:09.402 --> 01:10.937 align:left position:12.5% line:89% size:77.5% BUDGET AND WHAT HURDLES IT MAY 01:10.937 --> 01:13.273 align:left position:10% line:89% size:80% FACE FROM LAWMAKERS IS 01:13.273 --> 01:17.544 align:left position:10% line:89% size:80% ASSEMBLYWOMAN ILIANA MARINE, 01:17.544 --> 01:20.180 align:left position:10% line:89% size:80% CHAIR OF THE ASSEMBLY BUDGET 01:20.180 --> 01:20.847 align:left position:10% line:89% size:80% COMMITTEE. 01:20.847 --> 01:21.114 align:left position:10% line:89% size:80% WELCOME. 01:21.114 --> 01:22.048 align:left position:10% line:89% size:80% YOUR COMMITTEE WILL TAKE THE 01:22.048 --> 01:23.750 align:left position:10% line:89% size:80% GOVERNOR'S BUDGET PLAN AND CRAFT 01:23.750 --> 01:25.118 align:left position:10% line:89% size:80% A DOCUMENT BASED ON IT. 01:25.118 --> 01:26.052 align:left position:12.5% line:89% size:77.5% IS THERE ANYTHING YOU'VE HEARD 01:26.052 --> 01:28.354 align:left position:10% line:89% size:80% SO FAR THAT YOU DISAGREE WITH 01:28.354 --> 01:29.189 align:left position:12.5% line:89% size:77.5% AND WANT TO CHANGE OR ANYTHING 01:29.189 --> 01:31.758 align:left position:10% line:89% size:80% THAT YOU ARE HOPING TO SEE 01:31.758 --> 01:33.526 align:left position:10% line:89% size:80% THAT'S NOT INCLUDED? 01:33.526 --> 01:38.798 align:left position:10% line:89% size:80% >> WELL, I THINK THAT OBVIOUSLY 01:38.798 --> 01:42.402 align:left position:10% line:89% size:80% THIS IS THE FIRST BUDGET -- AND 01:42.402 --> 01:43.636 align:left position:10% line:89% size:80% WE'RE SKIMMING THROUGH THE 01:43.636 --> 01:43.870 align:left position:10% line:89% size:80% DETAILS. 01:43.870 --> 01:47.040 align:left position:10% line:89% size:80% UNTIL WE GET A FURTHER BUDGET 01:47.040 --> 01:48.374 align:left position:10% line:89% size:80% DOCUMENT, WHICH IS, USUALLY 01:48.374 --> 01:50.743 align:left position:10% line:89% size:80% TAKES ABOUT TWO WEEKS I CAN'T 01:50.743 --> 01:51.811 align:left position:10% line:89% size:80% SAY WHETHER THERE'S ANYTHING 01:51.811 --> 01:56.649 align:left position:10% line:89% size:80% THAT I DISAGREE OR I DON'T AGREE 01:56.649 --> 01:57.050 align:left position:10% line:89% size:80% WITH. 01:57.050 --> 01:58.318 align:left position:12.5% line:89% size:77.5% BUT I WOULD SAY THERE ARE SOME 01:58.318 --> 02:00.053 align:left position:10% line:89% size:80% THINGS IN HERE A LOT OF US WILL 02:00.053 --> 02:02.822 align:left position:10% line:89% size:80% BE HAPPY, A LARGER PENSION 02:02.822 --> 02:03.890 align:left position:12.5% line:89% size:77.5% PAYMENT, SCHOOL FUNDING, WHICH 02:03.890 --> 02:05.425 align:left position:10% line:89% size:80% IS GOING TO BE CRITICAL IN 02:05.425 --> 02:07.160 align:left position:10% line:89% size:80% GETTING OUR KIDS BACK TO SCHOOL, 02:07.160 --> 02:09.028 align:left position:10% line:89% size:80% SO THERE'S A FEW GOOD THINGS, 02:09.028 --> 02:11.097 align:left position:12.5% line:89% size:77.5% BUT THE DEVIL IS ALWAYS IN THE 02:11.097 --> 02:12.732 align:left position:10% line:89% size:80% DETAILS, AND UNTIL WE REALLY 02:12.732 --> 02:14.434 align:left position:10% line:89% size:80% START OUR BUDGET ANALYSIS, WITH 02:14.434 --> 02:16.402 align:left position:10% line:89% size:80% THE BUDGET MEMBERS AND THE 02:16.402 --> 02:18.872 align:left position:12.5% line:89% size:77.5% COMMISSIONERS TO DISCUSS THEIR 02:18.872 --> 02:20.306 align:left position:10% line:89% size:80% BUDGETS, ONLY THEN WILL WE HAVE 02:20.306 --> 02:23.376 align:left position:10% line:89% size:80% A CLEAR TIME LINE AND ALSO WHAT 02:23.376 --> 02:27.614 align:left position:12.5% line:89% size:77.5% WE WOULD LIKELY AGREE WITH THE 02:27.614 --> 02:30.483 align:left position:10% line:89% size:80% GOVERNOR AND THE SECRETARY. 02:30.483 --> 02:32.118 align:left position:10% line:89% size:80% >> IN A STATEMENT, YOU ISSUED 02:32.118 --> 02:34.521 align:left position:10% line:89% size:80% AFTER THE BUDGET ADDRESS, YOU 02:34.521 --> 02:35.889 align:left position:10% line:89% size:80% SAID THE STATE'S ECONOMIC 02:35.889 --> 02:38.758 align:left position:12.5% line:89% size:77.5% OUTLOOK APPEARS MORE PROMISING 02:38.758 --> 02:39.826 align:left position:10% line:89% size:80% THAN ANTICIPATED LAST FALL. 02:39.826 --> 02:41.461 align:left position:10% line:89% size:80% DID YOU MEAN THAT WE DIDN'T NEED 02:41.461 --> 02:46.032 align:left position:10% line:89% size:80% TO BORROW $4 BILLION? 02:46.032 --> 02:47.934 align:left position:12.5% line:89% size:77.5% OR WE DIDN'T NEED TO INSTITUTE 02:47.934 --> 02:49.202 align:left position:10% line:89% size:80% THE MILLIONAIRE'S TAX LAST YEAR? 02:49.202 --> 02:51.671 align:left position:10% line:89% size:80% >> COLLEEN, I THINK WE TOOK A 02:51.671 --> 02:55.375 align:left position:10% line:89% size:80% LOOK AT WHAT APRIL -- SORRY, 02:55.375 --> 03:02.815 align:left position:12.5% line:89% size:77.5% APRIL AND THE NUMBERS, THE GDP 03:02.815 --> 03:04.150 align:left position:10% line:89% size:80% THE NUMBER OF CASES FOR 03:04.150 --> 03:04.484 align:left position:10% line:89% size:80% UNEMPLOYMENT. 03:04.484 --> 03:06.252 align:left position:10% line:89% size:80% WE WERE IN A POSITION TO TRY TO 03:06.252 --> 03:07.253 align:left position:12.5% line:89% size:77.5% MAKE SURE THAT MOVING FORWARD, 03:07.253 --> 03:11.891 align:left position:10% line:89% size:80% WE WERE GOING TO BE IN A BETTER 03:11.891 --> 03:13.026 align:left position:10% line:89% size:80% FISCAL POSITION THAT WE WOULD 03:13.026 --> 03:15.195 align:left position:10% line:89% size:80% HAVE MONEY ON HAND TO BE ABLE TO 03:15.195 --> 03:16.763 align:left position:10% line:89% size:80% NOT ONLY MAKE INVESTMENTS IN 03:16.763 --> 03:18.998 align:left position:10% line:89% size:80% AREAS THAT WERE CRITICALLY 03:18.998 --> 03:21.768 align:left position:10% line:89% size:80% NEEDED WITH OUR HOSPITALS, WITH 03:21.768 --> 03:29.108 align:left position:10% line:89% size:80% HEALTH CARE, WITH PPE, WITH 03:29.108 --> 03:29.742 align:left position:12.5% line:89% size:77.5% LOANS FOR ALL BUSINESSES WHICH 03:29.742 --> 03:30.610 align:left position:10% line:89% size:80% ARE STILL SUFFERING, I THINK IT 03:30.610 --> 03:31.544 align:left position:10% line:89% size:80% WAS THE RIGHT DECISION. 03:31.544 --> 03:33.012 align:left position:10% line:89% size:80% IT WAS THE DECISION WE HAD AT 03:33.012 --> 03:34.447 align:left position:10% line:89% size:80% THE TIME AND IT WAS IN OUR BEST 03:34.447 --> 03:36.416 align:left position:10% line:89% size:80% INTEREST TO MOVE ON IT, AND I 03:36.416 --> 03:39.152 align:left position:12.5% line:89% size:77.5% DON'T THINK THAT ANYONE REALLY 03:39.152 --> 03:40.620 align:left position:10% line:89% size:80% FORESAW THAT WE WERE GOING TO BE 03:40.620 --> 03:42.188 align:left position:10% line:89% size:80% IN THIS STATE THAT WE'RE IN. 03:42.188 --> 03:44.457 align:left position:12.5% line:89% size:77.5% BUT I THINK WHEN WE DO A CLEAR 03:44.457 --> 03:45.491 align:left position:10% line:89% size:80% ANALYSIS AND DIG INTO THE 03:45.491 --> 03:46.693 align:left position:10% line:89% size:80% NUMBERS, WE'RE GOING TO SEE THAT 03:46.693 --> 03:48.394 align:left position:12.5% line:89% size:77.5% WE STILL HAVE A LOT OF WORK TO 03:48.394 --> 03:52.765 align:left position:10% line:89% size:80% DO, IN ORDER TO KEEP THE ECONOMY 03:52.765 --> 03:53.766 align:left position:10% line:89% size:80% GOING. 03:53.766 --> 03:55.768 align:left position:10% line:89% size:80% >> THE AVERAGE PROPERTY TAX BILL 03:55.768 --> 03:57.971 align:left position:10% line:89% size:80% LAST YEAR WAS MORE THAN $9,100, 03:57.971 --> 04:01.708 align:left position:10% line:89% size:80% THE HIGHEST IN THE NATION, AS IT 04:01.708 --> 04:02.175 align:left position:10% line:89% size:80% HAS BEEN FOR A WHILE. 04:02.175 --> 04:04.010 align:left position:10% line:89% size:80% THE AMOUNT BUDGETED FOR THE 04:04.010 --> 04:05.178 align:left position:10% line:89% size:80% HOMESTEAD BENEFIT PROGRAM IS 04:05.178 --> 04:06.446 align:left position:10% line:89% size:80% DECLINING BECAUSE ITS PARAMETERS 04:06.446 --> 04:08.181 align:left position:10% line:89% size:80% HAVE NOT KEPT PACE WITH 04:08.181 --> 04:08.648 align:left position:10% line:89% size:80% INFLATION. 04:08.648 --> 04:10.149 align:left position:10% line:89% size:80% IS IT TIME TO MAKE SOME CHANGES 04:10.149 --> 04:12.352 align:left position:12.5% line:89% size:77.5% IN THAT PROGRAM TO GIVE PEOPLE 04:12.352 --> 04:14.220 align:left position:10% line:89% size:80% MORE RELIEF, AND WHY NOT JUST 04:14.220 --> 04:15.922 align:left position:10% line:89% size:80% PUT MORE MONEY INTO THE 04:15.922 --> 04:16.789 align:left position:10% line:89% size:80% HOMESTEAD INSTEAD OF CREATING 04:16.789 --> 04:19.525 align:left position:10% line:89% size:80% THE NEW MIDDLE CLASS TAX REBATE 04:19.525 --> 04:22.161 align:left position:10% line:89% size:80% THAT THE GOVERNOR HAS 04:22.161 --> 04:22.462 align:left position:10% line:89% size:80% RECOMMENDED? 04:22.462 --> 04:24.030 align:left position:10% line:89% size:80% >> SO WHEN IT COMES TO THE 04:24.030 --> 04:24.797 align:left position:10% line:89% size:80% HOMESTEAD, I THINK THAT'S 04:24.797 --> 04:27.100 align:left position:10% line:89% size:80% SOMETHING WE'LL TAKE A LOOK AT. 04:27.100 --> 04:30.069 align:left position:10% line:89% size:80% THAT'S BEEN AN IMPORTANT 04:30.069 --> 04:31.337 align:left position:10% line:89% size:80% PROGRAM, THE SPEAKER'S FIRST 04:31.337 --> 04:32.438 align:left position:10% line:89% size:80% YEAR, I BELIEVE. 04:32.438 --> 04:33.906 align:left position:10% line:89% size:80% EITHER THE FIRST YEAR OR SECOND 04:33.906 --> 04:35.675 align:left position:12.5% line:89% size:77.5% YEAR, WHEN IT WAS CUT, HE MADE 04:35.675 --> 04:37.510 align:left position:12.5% line:89% size:77.5% IT A PRIORITY, AND I THINK ALL 04:37.510 --> 04:40.713 align:left position:10% line:89% size:80% OF US AGREED AS A CAUCUS THAT IT 04:40.713 --> 04:41.848 align:left position:10% line:89% size:80% WAS VERY IMPORTANT TO KEEP THAT 04:41.848 --> 04:43.449 align:left position:10% line:89% size:80% PROGRAM RUNNING. 04:43.449 --> 04:45.118 align:left position:10% line:89% size:80% I DID NOT TAKE A LOOK AT THE 04:45.118 --> 04:46.319 align:left position:10% line:89% size:80% EXACT NUMBERS. 04:46.319 --> 04:49.922 align:left position:10% line:89% size:80% I BELIEVE THAT THEY STILL HAVE, 04:49.922 --> 04:50.957 align:left position:10% line:89% size:80% THE GOVERNOR'S OFFICE DID NOT 04:50.957 --> 04:53.226 align:left position:12.5% line:89% size:77.5% MOVE ON CHANGING THE NUMBER OF 04:53.226 --> 04:55.194 align:left position:10% line:89% size:80% THE QUALIFICATION, THE INCOME 04:55.194 --> 04:56.129 align:left position:10% line:89% size:80% LEVEL, AND THAT COULD BE 04:56.129 --> 04:57.897 align:left position:10% line:89% size:80% SOMETHING THAT WE TAKE A LOOK 04:57.897 --> 04:58.698 align:left position:12.5% line:89% size:77.5% AT, ONCE WE DIVE INTO THE REST 04:58.698 --> 05:01.701 align:left position:10% line:89% size:80% OF THE NUMBERS. 05:01.701 --> 05:04.637 align:left position:10% line:89% size:80% >> YES, I THINK YOU'RE STILL 05:04.637 --> 05:08.541 align:left position:10% line:89% size:80% LOOKING AT IT, IS IT 2006 05:08.541 --> 05:11.210 align:left position:10% line:89% size:80% PROPERTY TAX AMOUNT AND THE 05:11.210 --> 05:12.745 align:left position:10% line:89% size:80% $75,000 IS STILL THE INCOME? 05:12.745 --> 05:15.415 align:left position:10% line:89% size:80% >> RIGHT, AND I THINK 05:15.415 --> 05:16.749 align:left position:10% line:89% size:80% STATUTORILY, IT HAS CHANGED, SO 05:16.749 --> 05:19.652 align:left position:10% line:89% size:80% WE'LL HAVE TO TAKE A LOOK AT 05:19.652 --> 05:22.455 align:left position:10% line:89% size:80% WHETHER WE'RE GOING TO FOLLOW 05:22.455 --> 05:25.224 align:left position:10% line:89% size:80% THE STATUTE OR WHETHER WE'RE 05:25.224 --> 05:25.858 align:left position:10% line:89% size:80% GOING TO CONTINUE FUNDING IT AS 05:25.858 --> 05:26.059 align:left position:10% line:89% size:80% IS. 05:26.059 --> 05:27.760 align:left position:10% line:89% size:80% >> THERE IS SOME MONEY BUDGETED 05:27.760 --> 05:29.595 align:left position:10% line:89% size:80% FOR IMPROVEMENTS TO THE STATE 05:29.595 --> 05:30.963 align:left position:10% line:89% size:80% UNEMPLOYMENT SYSTEM, BUT NOWHERE 05:30.963 --> 05:32.265 align:left position:10% line:89% size:80% NEAR ENOUGH FOR AN OVERHAUL, 05:32.265 --> 05:33.700 align:left position:10% line:89% size:80% WHICH SOME SAY IS NEEDED. 05:33.700 --> 05:35.134 align:left position:10% line:89% size:80% IS THAT CONCERNING, GIVEN THERE 05:35.134 --> 05:36.836 align:left position:10% line:89% size:80% ARE STILL THOUSANDS OF PEOPLE WE 05:36.836 --> 05:38.471 align:left position:10% line:89% size:80% HEAR WHO CANNOT GET THROUGH 05:38.471 --> 05:40.039 align:left position:10% line:89% size:80% ONLINE OR ON THE PHONE TO GET 05:40.039 --> 05:42.108 align:left position:10% line:89% size:80% THEIR BENEFITS AND REALLY ARE 05:42.108 --> 05:48.348 align:left position:10% line:89% size:80% HURTING THESE DAYS? 05:48.348 --> 05:50.283 align:left position:10% line:89% size:80% >> COLLEEN, WE'VE HAD 05:50.283 --> 05:53.252 align:left position:10% line:89% size:80% DISCUSSIONS EVEN WHEN I CAME 05:53.252 --> 05:53.820 align:left position:10% line:89% size:80% INTO TRENTON, NOT JUST THE 05:53.820 --> 05:54.520 align:left position:10% line:89% size:80% DEPARTMENT OF LABOR TO BE HONEST 05:54.520 --> 05:55.955 align:left position:10% line:89% size:80% WITH YOU, I THINK JUST IN 05:55.955 --> 05:57.223 align:left position:12.5% line:89% size:77.5% GENERAL, TECHNOLOGY AS A WHOLE 05:57.223 --> 05:59.826 align:left position:10% line:89% size:80% FOR THE STATE OF NEW JERSEY HAS 05:59.826 --> 06:01.294 align:left position:10% line:89% size:80% REALLY BEEN LEFT BEHIND. 06:01.294 --> 06:03.229 align:left position:10% line:89% size:80% I THINK THAT YEAR AFTER YEAR WE 06:03.229 --> 06:05.298 align:left position:10% line:89% size:80% FIND MONEY TO DO PROGRAMS AND TO 06:05.298 --> 06:06.432 align:left position:10% line:89% size:80% GET THINGS DONE, BUT AT THE END 06:06.432 --> 06:08.801 align:left position:10% line:89% size:80% OF THE DAY, UNLESS WE REALLY 06:08.801 --> 06:11.871 align:left position:10% line:89% size:80% START TO TAKE A LOOK AT OUR 06:11.871 --> 06:13.072 align:left position:10% line:89% size:80% TECHNOLOGY INFRASTRUCTURE, IT'S 06:13.072 --> 06:14.073 align:left position:10% line:89% size:80% ONLY GOING TO GET WORSE. 06:14.073 --> 06:16.109 align:left position:10% line:89% size:80% I HAVE TO SAY WITH THE 06:16.109 --> 06:17.243 align:left position:10% line:89% size:80% DEPARTMENT OF LABOR, WE CAN TRY 06:17.243 --> 06:18.611 align:left position:10% line:89% size:80% TO FIX IT. 06:18.611 --> 06:21.581 align:left position:10% line:89% size:80% WE SAW SOME OTHER STATES THAT 06:21.581 --> 06:23.316 align:left position:10% line:89% size:80% TRIED TO FIX THEIRS, MADE LARGE 06:23.316 --> 06:25.385 align:left position:10% line:89% size:80% INVESTMENTS IN THEIR TECHNOLOGY. 06:25.385 --> 06:26.853 align:left position:12.5% line:89% size:77.5% HOWEVER, I THINK IT ALSO NEEDS 06:26.853 --> 06:28.521 align:left position:10% line:89% size:80% TO COME AT THE FEDERAL LEVEL 06:28.521 --> 06:31.958 align:left position:12.5% line:89% size:77.5% THAT THE FEDS ALSO NEED TO FIX 06:31.958 --> 06:34.060 align:left position:10% line:89% size:80% THEIR SYSTEM IN ORDER FOR ALL OF 06:34.060 --> 06:36.295 align:left position:10% line:89% size:80% THE FOLLOWING STATES TO 06:36.295 --> 06:36.829 align:left position:10% line:89% size:80% COLLABORATE. 06:36.829 --> 06:39.198 align:left position:10% line:89% size:80% LISTEN, MY OFFICE DEALS WITH 06:39.198 --> 06:41.234 align:left position:10% line:89% size:80% UNEMPLOYMENT CLAIMS ALL THE 06:41.234 --> 06:41.434 align:left position:10% line:89% size:80% TIME. 06:41.434 --> 06:42.735 align:left position:10% line:89% size:80% IT IS STRAINING. 06:42.735 --> 06:43.803 align:left position:12.5% line:89% size:77.5% I DON'T THINK THAT'S A SECRET, 06:43.803 --> 06:46.038 align:left position:12.5% line:89% size:77.5% AND IT IS DEFINITELY SOMETHING 06:46.038 --> 06:46.739 align:left position:10% line:89% size:80% THAT I'M HOPING THAT THE 06:46.739 --> 06:49.776 align:left position:10% line:89% size:80% GOVERNOR'S OFFICE WILL BE 06:49.776 --> 06:51.144 align:left position:10% line:89% size:80% WORKING ON. 06:51.144 --> 06:53.246 align:left position:10% line:89% size:80% >> NOW, THERE HAVE BEEN SOME 06:53.246 --> 06:54.680 align:left position:10% line:89% size:80% COMPLAINTS RECENTLY FROM BOTH 06:54.680 --> 06:56.048 align:left position:10% line:89% size:80% THE LEFT AND THE RIGHT THAT THE 06:56.048 --> 06:57.417 align:left position:12.5% line:89% size:77.5% LEGISLATIVE PROCESS IN GENERAL 06:57.417 --> 06:59.919 align:left position:10% line:89% size:80% HAS BEEN MORE RUSHED AND LESS 06:59.919 --> 07:00.987 align:left position:10% line:89% size:80% TRANSPARENT RECENTLY. 07:00.987 --> 07:02.655 align:left position:10% line:89% size:80% I'M WONDERING HOW ARE YOU GOING 07:02.655 --> 07:03.990 align:left position:10% line:89% size:80% TO HAVE A THOROUGH AND OPEN 07:03.990 --> 07:05.725 align:left position:10% line:89% size:80% BUDGET REVIEW PROCESS AS THE 07:05.725 --> 07:10.963 align:left position:10% line:89% size:80% PANDEMIC CONDITIONS? 07:10.963 --> 07:14.033 align:left position:10% line:89% size:80% >> I DON'T NECESSARILY -- ON 07:14.033 --> 07:15.334 align:left position:12.5% line:89% size:77.5% INSTANCES I THINK THERE'S BEEN 07:15.334 --> 07:16.402 align:left position:12.5% line:89% size:77.5% CERTAIN BILLS THAT EVEN THOUGH 07:16.402 --> 07:18.137 align:left position:12.5% line:89% size:77.5% IT FEELS LIKE, YOU KNOW, WE'RE 07:18.137 --> 07:20.339 align:left position:10% line:89% size:80% TRYING TO HURRY UP AND FINISH 07:20.339 --> 07:21.974 align:left position:10% line:89% size:80% AND GET THEM THROUGH THE FINISH 07:21.974 --> 07:24.544 align:left position:10% line:89% size:80% LINE, I THINK THAT THESE ARE 07:24.544 --> 07:26.345 align:left position:10% line:89% size:80% ALSO PIECES OF LEGISLATION THAT 07:26.345 --> 07:27.680 align:left position:10% line:89% size:80% HAVE BEEN TALKED ABOUT FOR A 07:27.680 --> 07:29.315 align:left position:10% line:89% size:80% LONG TIME. 07:29.315 --> 07:30.917 align:left position:10% line:89% size:80% IT'S JUST UNFORTUNATELY MEETING 07:30.917 --> 07:33.286 align:left position:10% line:89% size:80% IN PERSON HAS BEEN VERY 07:33.286 --> 07:35.855 align:left position:10% line:89% size:80% DIFFICULT AND I THINK THAT WE'RE 07:35.855 --> 07:37.089 align:left position:10% line:89% size:80% DOING THE RIGHT THING WHEN IT 07:37.089 --> 07:39.659 align:left position:10% line:89% size:80% COMES TO SAFETY. 07:39.659 --> 07:41.360 align:left position:10% line:89% size:80% THE WHOLE PROCESS, WE'RE 07:41.360 --> 07:43.496 align:left position:10% line:89% size:80% PLANNING ON FOR THE PUBLIC 07:43.496 --> 07:45.398 align:left position:10% line:89% size:80% HEARINGS TO BE VIA ZOOM, I THINK 07:45.398 --> 07:49.368 align:left position:10% line:89% size:80% THAT'S THE SAFEST WAY, DURING 07:49.368 --> 07:50.603 align:left position:10% line:89% size:80% OUR PUBLIC PARTICIPATION. 07:50.603 --> 07:52.505 align:left position:10% line:89% size:80% SOMETIMES WE WOULD HAVE 50, 60, 07:52.505 --> 07:53.873 align:left position:10% line:89% size:80% 70 PEOPLE WAITING IN THE 07:53.873 --> 07:54.140 align:left position:10% line:89% size:80% HALLWAYS. 07:54.140 --> 07:55.842 align:left position:10% line:89% size:80% I DON'T THINK WE CAN DO THAT 07:55.842 --> 07:57.410 align:left position:10% line:89% size:80% SAFELY, SO THAT'S GOING TO BE -- 07:57.410 --> 07:59.011 align:left position:10% line:89% size:80% AND I THINK WHEN THE 07:59.011 --> 08:00.112 align:left position:10% line:89% size:80% COMMISSIONERS COME BEFORE US, 08:00.112 --> 08:01.113 align:left position:10% line:89% size:80% THAT'S A DISCUSSION AS TO 08:01.113 --> 08:02.615 align:left position:12.5% line:89% size:77.5% WHETHER WE'RE GOING TO HAVE IT 08:02.615 --> 08:04.183 align:left position:10% line:89% size:80% IN PERSON OR WHETHER WE'LL 08:04.183 --> 08:06.786 align:left position:10% line:89% size:80% CONTINUE TO DO IT VIA ZOOM. 08:06.786 --> 08:08.855 align:left position:10% line:89% size:80% I THINK IT'S JUST GOING TO 08:08.855 --> 08:10.656 align:left position:10% line:89% size:80% DEPEND ON EVERYONE'S SAFETY 08:10.656 --> 08:10.990 align:left position:10% line:89% size:80% LEVEL. 08:10.990 --> 08:12.592 align:left position:10% line:89% size:80% >> ASSEMBLYWOMAN, THANK YOU FOR 08:12.592 --> 08:13.226 align:left position:10% line:89% size:80% YOUR TIME. 08:13.226 --> 08:14.894 align:left position:10% line:89% size:80% WE APPRECIATE IT. 08:14.894 --> 08:16.896 align:left position:10% line:89% size:80% >>> NOW LET'S BRING IN OUR PANEL 08:16.896 --> 08:17.730 align:left position:10% line:89% size:80% OF REPORTERS TO BREAK DOWN WHAT 08:17.730 --> 08:20.500 align:left position:10% line:89% size:80% THE BUDGET MEANS FOR NEW JERSEY 08:20.500 --> 08:21.667 align:left position:10% line:89% size:80% AND LOOK AT SOME OTHER NEWS THAT 08:21.667 --> 08:22.502 align:left position:10% line:89% size:80% HAPPENED THIS BEAK. 08:22.502 --> 08:25.705 align:left position:12.5% line:89% size:77.5% JOINING US ARE STACEY SHERMAN, 08:25.705 --> 08:31.911 align:left position:10% line:89% size:80% MANAGING EDITOR OF "U.S. BEAU 08:31.911 --> 08:32.245 align:left position:10% line:89% size:80% R 08:32.245 --> 08:34.580 align:left position:10% line:89% size:80% BUREAUS" FOR BLOOMBERG, MATT 08:34.580 --> 08:36.048 align:left position:10% line:89% size:80% FRIEDMAN AND BACK FOR ANOTHER 08:36.048 --> 08:39.318 align:left position:10% line:89% size:80% WEEK, IS HE A BUDGET EXPERT, 08:39.318 --> 08:41.988 align:left position:10% line:89% size:80% JOHN RITEMEYER, WITH "NJ 08:41.988 --> 08:43.155 align:left position:10% line:89% size:80% SPOTLIGHT NEWS." 08:43.155 --> 08:44.891 align:left position:10% line:89% size:80% WELCOME, AND LET'S GET TO IT. 08:44.891 --> 08:46.092 align:left position:10% line:89% size:80% JOHN, I WANT TO START WITH YOU. 08:46.092 --> 08:49.428 align:left position:10% line:89% size:80% YOU HAVE A STORY TODAY THAT 08:49.428 --> 08:53.332 align:left position:10% line:89% size:80% TALKS A BIT ABOUT WHAT THE STATE 08:53.332 --> 08:55.201 align:left position:10% line:89% size:80% HAS DONE WITH BORROWING AND HOW 08:55.201 --> 09:01.908 align:left position:10% line:89% size:80% WE'VE KIND OF GOTTEN TO THIS 09:01.908 --> 09:02.975 align:left position:10% line:89% size:80% BUDGET. 09:02.975 --> 09:03.910 align:left position:10% line:89% size:80% GOVERNOR MURPHY A FEW MONTHS AGO 09:03.910 --> 09:04.944 align:left position:12.5% line:89% size:77.5% LIKENED THE ECONOMIC CRISIS TO 09:04.944 --> 09:07.813 align:left position:10% line:89% size:80% THE GREAT DEPRESSION, AND YOU 09:07.813 --> 09:10.650 align:left position:10% line:89% size:80% HAVE THE RECORD PENSION PAYMENT. 09:10.650 --> 09:14.086 align:left position:10% line:89% size:80% HOW IS THIS POSSIBLE? 09:14.086 --> 09:17.256 align:left position:10% line:89% size:80% >> A BIG CHANGE IN RHETORIC IN A 09:17.256 --> 09:20.026 align:left position:10% line:89% size:80% MATTER OF MONTHS AND A CHANGE IN 09:20.026 --> 09:22.128 align:left position:10% line:89% size:80% FORTUNES FOR THE STATE BUDGET. 09:22.128 --> 09:23.563 align:left position:10% line:89% size:80% IT WAS A FEW MONTHS AGO THERE 09:23.563 --> 09:26.532 align:left position:10% line:89% size:80% WERE COMPARISONS TO THE GREAT 09:26.532 --> 09:28.467 align:left position:10% line:89% size:80% DEPRESSION AND THE STATE ISSUED 09:28.467 --> 09:30.536 align:left position:10% line:89% size:80% ALMOST $4 BILLION IN DEBT 09:30.536 --> 09:32.572 align:left position:10% line:89% size:80% WITHOUT VOTER APPROVAL, ACTUALLY 09:32.572 --> 09:35.441 align:left position:10% line:89% size:80% RECEIVED MORE THAN $4 BILLION 09:35.441 --> 09:36.809 align:left position:10% line:89% size:80% BECAUSE OF THE WAY THE BONDS 09:36.809 --> 09:38.010 align:left position:10% line:89% size:80% WERE WORKING AT THE TIME AND THE 09:38.010 --> 09:39.612 align:left position:10% line:89% size:80% WAY THE BONDS WERE STRUCTURED. 09:39.612 --> 09:42.181 align:left position:10% line:89% size:80% THAT MONEY IS IN THE SAFE 09:42.181 --> 09:43.883 align:left position:10% line:89% size:80% COFFERS, AND THEN ANOTHER 09:43.883 --> 09:48.754 align:left position:10% line:89% size:80% IMPORTANT FACTOR IS A LOT OF THE 09:48.754 --> 09:53.859 align:left position:10% line:89% size:80% REVENUE PROJECTIONS THAT SAW 09:53.859 --> 09:55.194 align:left position:10% line:89% size:80% STEEP LOSSES YEAR OVER YEAR, THE 09:55.194 --> 09:56.963 align:left position:10% line:89% size:80% LATEST PROJECTIONS FROM TREASURY 09:56.963 --> 09:58.564 align:left position:12.5% line:89% size:77.5% ARE ALMOST MATCHING UP AT THIS 09:58.564 --> 10:00.366 align:left position:10% line:89% size:80% TIME LAST YEAR BEFORE THE 10:00.366 --> 10:02.435 align:left position:10% line:89% size:80% PANDEMIC STARTED OR AT LEAST GOT 10:02.435 --> 10:03.536 align:left position:12.5% line:89% size:77.5% UNDER WAY IN NEW JERSEY, WHICH 10:03.536 --> 10:05.938 align:left position:10% line:89% size:80% IS PRETTY REMARKABLE, YOU COULD 10:05.938 --> 10:08.941 align:left position:12.5% line:89% size:77.5% HAVE A REVENUE PROJECTION FROM 10:08.941 --> 10:11.410 align:left position:10% line:89% size:80% LAST YEAR AND THEY'RE ALMOST 10:11.410 --> 10:16.048 align:left position:10% line:89% size:80% GOING TO HIT THAT WITH THE 10:16.048 --> 10:16.983 align:left position:10% line:89% size:80% PANDEMIC. 10:16.983 --> 10:21.520 align:left position:10% line:89% size:80% DOING BETTER ON REVENUES, THERE 10:21.520 --> 10:22.955 align:left position:10% line:89% size:80% WERE TAX HIKES ENACTED LAST YEAR 10:22.955 --> 10:25.691 align:left position:12.5% line:89% size:77.5% AS WELL, LOOKING AT COMING OUT 10:25.691 --> 10:27.226 align:left position:10% line:89% size:80% OF THE CURRENT YEAR IN THE BALL 10:27.226 --> 10:29.495 align:left position:12.5% line:89% size:77.5% PARK OF $6 BILLION IN RESERVES 10:29.495 --> 10:33.032 align:left position:10% line:89% size:80% BUT A TREMENDOUS NUMBER AND THE 10:33.032 --> 10:34.867 align:left position:10% line:89% size:80% QUESTION FROM THERE, WHAT DO YOU 10:34.867 --> 10:36.569 align:left position:10% line:89% size:80% DO WITH IT? 10:36.569 --> 10:39.805 align:left position:10% line:89% size:80% DO YOU SIT ON IT AS RESERVES FOR 10:39.805 --> 10:41.974 align:left position:10% line:89% size:80% THE NEXT DOWNTURN, DO YOU SPEND 10:41.974 --> 10:42.308 align:left position:10% line:89% size:80% IT? 10:42.308 --> 10:43.743 align:left position:10% line:89% size:80% LOOKS LIKE MURPHY WILL SPEND 10:43.743 --> 10:45.511 align:left position:10% line:89% size:80% DOWN A GOOD PORTION IF LAWMAKERS 10:45.511 --> 10:47.880 align:left position:12.5% line:89% size:77.5% GO ALONG WITH IT AND YOU COULD 10:47.880 --> 10:50.282 align:left position:10% line:89% size:80% ARGUE ON PUBLIC WORKER PENSIONS 10:50.282 --> 10:54.920 align:left position:10% line:89% size:80% AND K THROUGH 12 EDUCATION, 10:54.920 --> 10:57.123 align:left position:10% line:89% size:80% SMALL BUSINESS AID, HIGHER 10:57.123 --> 10:57.556 align:left position:10% line:89% size:80% EDUCATION FUNDING. 10:57.556 --> 10:59.659 align:left position:10% line:89% size:80% THE DEBATE THAT GOES FORWARD, 10:59.659 --> 11:05.431 align:left position:10% line:89% size:80% WHAT DO WE DO WITH THIS 11:05.431 --> 11:05.698 align:left position:10% line:89% size:80% LARGESSE. 11:05.698 --> 11:07.967 align:left position:12.5% line:89% size:77.5% THE PROBLEM SPENDING DOWN, HOW 11:07.967 --> 11:09.769 align:left position:10% line:89% size:80% DO YOU FILL THAT GAP IN THE NEXT 11:09.769 --> 11:10.002 align:left position:10% line:89% size:80% BUDGET? 11:10.002 --> 11:12.471 align:left position:10% line:89% size:80% DO WE NEED CUTS OR TO RAISE 11:12.471 --> 11:13.472 align:left position:10% line:89% size:80% TAXES? 11:13.472 --> 11:15.508 align:left position:12.5% line:89% size:77.5% EVENTUALLY THAT BORROWED MONEY 11:15.508 --> 11:17.276 align:left position:10% line:89% size:80% AND THE RELIEF THE STATE HAS 11:17.276 --> 11:20.546 align:left position:10% line:89% size:80% RECEIVED GOES AWAY. 11:20.546 --> 11:23.282 align:left position:12.5% line:89% size:77.5% >> THIS IS THE GOOD OLD FISCAL 11:23.282 --> 11:24.550 align:left position:10% line:89% size:80% CLIFF WE'RE TALKING ABOUT, 11:24.550 --> 11:25.451 align:left position:10% line:89% size:80% RIGHT? 11:25.451 --> 11:26.619 align:left position:10% line:89% size:80% >> THAT'S RIGHT. 11:26.619 --> 11:28.454 align:left position:10% line:89% size:80% SO WE'RE NOT EVEN TO THE NEXT 11:28.454 --> 11:30.856 align:left position:10% line:89% size:80% BUDGET, BUT LET'S GO TO THE NEXT 11:30.856 --> 11:32.258 align:left position:10% line:89% size:80% BUDGET AFTER THAT, AND THAT'S 11:32.258 --> 11:33.826 align:left position:10% line:89% size:80% WHERE WE START TO TALK ABOUT 11:33.826 --> 11:35.861 align:left position:10% line:89% size:80% WHAT ARE KNOWN AS ONE-SHOT 11:35.861 --> 11:38.497 align:left position:10% line:89% size:80% REVENUES OR ONE-TIME 11:38.497 --> 11:41.000 align:left position:10% line:89% size:80% NON-RECURRING SOURCES OF 11:41.000 --> 11:41.534 align:left position:10% line:89% size:80% REVENUE. 11:41.534 --> 11:43.402 align:left position:10% line:89% size:80% MURPHY IS PROPOSING A FULL 11:43.402 --> 11:44.270 align:left position:10% line:89% size:80% PENSION CONTRIBUTION, THE FIRST 11:44.270 --> 11:46.572 align:left position:10% line:89% size:80% TIME I'VE EVER COVERED ONE IN MY 11:46.572 --> 11:48.407 align:left position:10% line:89% size:80% WHOLE CAREER BUT I'VE HEARD 11:48.407 --> 11:52.211 align:left position:10% line:89% size:80% GOVERNORS FROM OTHER PARTIES 11:52.211 --> 11:53.579 align:left position:10% line:89% size:80% BOTH PARTIES MAKE PROMISES ON 11:53.579 --> 11:56.515 align:left position:10% line:89% size:80% PENSION FUNDING IN THE PAST, AND 11:56.515 --> 11:58.050 align:left position:10% line:89% size:80% NOT BE ABLE TO LIVE UP TO THEM. 11:58.050 --> 11:59.585 align:left position:12.5% line:89% size:77.5% THERE'S A DIFFERENCE BETWEEN A 11:59.585 --> 12:03.022 align:left position:10% line:89% size:80% PROMISE PAYMENT AND WHAT GETS 12:03.022 --> 12:05.424 align:left position:10% line:89% size:80% DEPOSITED INTO THE PENSION FUND 12:05.424 --> 12:06.559 align:left position:10% line:89% size:80% AND I'VE SEEN GOVERNORS TRIPPED 12:06.559 --> 12:09.361 align:left position:10% line:89% size:80% UP INTO THE PAST. 12:09.361 --> 12:10.429 align:left position:10% line:89% size:80% >> STACEY, WE'RE TAPING THIS 12:10.429 --> 12:12.665 align:left position:10% line:89% size:80% FRIDAY MORNING BUT IT'S SAFE TO 12:12.665 --> 12:15.601 align:left position:10% line:89% size:80% ASSUME THE HOUSE IS GOING TO 12:15.601 --> 12:18.370 align:left position:10% line:89% size:80% PASS THE STIMULUS PACKAGE TODAY. 12:18.370 --> 12:19.038 align:left position:12.5% line:89% size:77.5% DOES THAT MEAN WE'LL HAVE MORE 12:19.038 --> 12:20.473 align:left position:10% line:89% size:80% MONEY COMING TO THE STATE AND IF 12:20.473 --> 12:22.975 align:left position:10% line:89% size:80% SO, HOW ARE WE GOING TO SPEND 12:22.975 --> 12:23.209 align:left position:10% line:89% size:80% THAT? 12:23.209 --> 12:25.077 align:left position:12.5% line:89% size:77.5% >> IT LOOKS PRETTY LIKELY THAT 12:25.077 --> 12:26.445 align:left position:10% line:89% size:80% THE HOUSE IS GOING TO PASS IT 12:26.445 --> 12:27.146 align:left position:10% line:89% size:80% TODAY. 12:27.146 --> 12:33.986 align:left position:10% line:89% size:80% IT'S NOT AS CERTAIN IN THE 12:33.986 --> 12:34.220 align:left position:10% line:89% size:80% SENATE. 12:34.220 --> 12:36.222 align:left position:10% line:89% size:80% NEW JERSEY'S GOING TO GET A GOOD 12:36.222 --> 12:37.223 align:left position:10% line:89% size:80% AMOUNT OF MONEY. 12:37.223 --> 12:40.025 align:left position:10% line:89% size:80% I WAS TRYING TO LOOK AT A 12:40.025 --> 12:41.827 align:left position:10% line:89% size:80% BREAKDOWN, $350 BILLION FOR 12:41.827 --> 12:44.196 align:left position:10% line:89% size:80% STATES AND LOCAL GOVERNMENTS. 12:44.196 --> 12:46.899 align:left position:12.5% line:89% size:77.5% I SAW REUTERS ESTIMATE IT WAS, 12:46.899 --> 12:49.135 align:left position:10% line:89% size:80% IT WOULD AMOUNT TO ABOUT $1,000 12:49.135 --> 12:53.572 align:left position:10% line:89% size:80% PER PERSON FOR NEW JERSEY WHICH 12:53.572 --> 12:54.673 align:left position:10% line:89% size:80% IS LIKE $8 MILLION, $9 MILLION, 12:54.673 --> 12:56.809 align:left position:10% line:89% size:80% AM I DOING MY MATH RIGHT? 12:56.809 --> 12:58.444 align:left position:10% line:89% size:80% I'LL LET SOMEONE ELSE DO THE 12:58.444 --> 13:01.447 align:left position:10% line:89% size:80% MATH. 13:01.447 --> 13:03.649 align:left position:10% line:89% size:80% IT WAS A GOOD AMOUNT, SO THAT 13:03.649 --> 13:07.853 align:left position:12.5% line:89% size:77.5% WILL HELP THE BUDGET SITUATION 13:07.853 --> 13:11.490 align:left position:10% line:89% size:80% BUT THE FEDERAL, THAT WILL GO TO 13:11.490 --> 13:16.028 align:left position:10% line:89% size:80% OUR SPECIFIC COVID RELIEF ITEM. 13:16.028 --> 13:18.297 align:left position:10% line:89% size:80% >> AND MATT, IT LOOKS LIKE WE'RE 13:18.297 --> 13:20.299 align:left position:10% line:89% size:80% GOING TO HAVE EVEN MORE MONEY 13:20.299 --> 13:21.700 align:left position:12.5% line:89% size:77.5% COMING IN FROM LEGAL MARIJUANA 13:21.700 --> 13:22.501 align:left position:10% line:89% size:80% SALES, RIGHT? 13:22.501 --> 13:24.970 align:left position:10% line:89% size:80% I MEAN, POT IS FINALLY LEGAL, 13:24.970 --> 13:26.038 align:left position:10% line:89% size:80% ISN'T IT? 13:26.038 --> 13:26.972 align:left position:10% line:89% size:80% ANY IDEA HOW MUCH MONEY AND WHEN 13:26.972 --> 13:29.275 align:left position:10% line:89% size:80% THIS IS GOING TO START COMING 13:29.275 --> 13:29.775 align:left position:10% line:89% size:80% IN? 13:29.775 --> 13:32.244 align:left position:10% line:89% size:80% >> ASSUMING THEY CAN, YOU KNOW, 13:32.244 --> 13:33.712 align:left position:10% line:89% size:80% THE GOVERNOR SAID ABOUT SIX 13:33.712 --> 13:36.115 align:left position:10% line:89% size:80% MONTHS PLUS OR MINUS. 13:36.115 --> 13:37.416 align:left position:10% line:89% size:80% GIVEN HOW LONG IT TOOK US TO GET 13:37.416 --> 13:39.385 align:left position:10% line:89% size:80% THIS LAW IN PLACE, I'M GOING TO 13:39.385 --> 13:41.520 align:left position:10% line:89% size:80% GO WITH A PLUS ON THAT ONE. 13:41.520 --> 13:44.857 align:left position:10% line:89% size:80% A LOT OF PLUS. 13:44.857 --> 13:46.325 align:left position:10% line:89% size:80% JUST FROM HAVING WATCHED THIS 13:46.325 --> 13:47.927 align:left position:10% line:89% size:80% ALL HAPPEN, SIX MONTHS SEEMS 13:47.927 --> 13:49.361 align:left position:10% line:89% size:80% OPTIMISTIC TO ME IN TERMS OF 13:49.361 --> 13:52.765 align:left position:10% line:89% size:80% GETTING THIS IN PLACE, AND I 13:52.765 --> 13:55.467 align:left position:12.5% line:89% size:77.5% ALSO, YOU KNOW, THE AMOUNT OF, 13:55.467 --> 13:58.037 align:left position:10% line:89% size:80% HOW MUCH ARE WE REALLY GOING TO 13:58.037 --> 13:59.038 align:left position:10% line:89% size:80% HAVE PEOPLE SELLING IT IN SIX 13:59.038 --> 14:01.407 align:left position:10% line:89% size:80% MONTHS AND ULTIMATELY, WE'RE 14:01.407 --> 14:03.042 align:left position:12.5% line:89% size:77.5% TALKING ABOUT A COUPLE HUNDRED 14:03.042 --> 14:04.143 align:left position:10% line:89% size:80% MILLION DOLLARS HERE IN THE BIG 14:04.143 --> 14:05.544 align:left position:12.5% line:89% size:77.5% SCHEME OF THINGS IN THE BUDGET 14:05.544 --> 14:06.679 align:left position:10% line:89% size:80% IT'S NOT THAT MUCH. 14:06.679 --> 14:07.980 align:left position:10% line:89% size:80% AS FAR AS PLANNING FOR THE 14:07.980 --> 14:11.150 align:left position:12.5% line:89% size:77.5% BUDGET, IT'S HARD TO FAULT THE 14:11.150 --> 14:13.118 align:left position:10% line:89% size:80% ADMINISTRATION, THE LEGISLATURE 14:13.118 --> 14:15.621 align:left position:12.5% line:89% size:77.5% FOR SAYING WE'RE FACING A DIRE 14:15.621 --> 14:17.022 align:left position:10% line:89% size:80% FISCAL SITUATION AND NEED TO 14:17.022 --> 14:20.226 align:left position:10% line:89% size:80% CONSIDER BORROWING. 14:20.226 --> 14:20.860 align:left position:12.5% line:89% size:77.5% BUT I DON'T THINK -- MARIJUANA 14:20.860 --> 14:21.594 align:left position:10% line:89% size:80% IS NOT A SAVIOR. 14:21.594 --> 14:23.028 align:left position:12.5% line:89% size:77.5% IT WILL BE A SIGNIFICANT CHUNK 14:23.028 --> 14:25.030 align:left position:10% line:89% size:80% IN THE BUDGET BUT NOT HUGE IN 14:25.030 --> 14:26.732 align:left position:10% line:89% size:80% THE BIG SCHEME OF THINGS AND 14:26.732 --> 14:28.567 align:left position:10% line:89% size:80% FRANKLY, I'LL BE SURPRISED IF WE 14:28.567 --> 14:31.170 align:left position:10% line:89% size:80% GET IT, IF WE START SEEING THAT 14:31.170 --> 14:32.771 align:left position:10% line:89% size:80% MONEY REALLY IN A VERY 14:32.771 --> 14:35.040 align:left position:10% line:89% size:80% SIGNIFICANT WAY IN THIS BUDGET. 14:35.040 --> 14:37.810 align:left position:10% line:89% size:80% >> I THINK VERY INTERESTING, HOW 14:37.810 --> 14:38.844 align:left position:10% line:89% size:80% GOVERNORS PLAY THE WHOLE 14:38.844 --> 14:39.645 align:left position:10% line:89% size:80% MARIJUANA THING. 14:39.645 --> 14:42.214 align:left position:10% line:89% size:80% THEY TALK ABOUT IT AS IF IT'S A 14:42.214 --> 14:45.150 align:left position:10% line:89% size:80% BIG LIFELINE, WHEN REALLY FOR 14:45.150 --> 14:46.185 align:left position:10% line:89% size:80% NEW JERSEY AND OTHER STATES, 14:46.185 --> 14:48.087 align:left position:10% line:89% size:80% EVEN WHEN IT'S FULLY AMENDED, 14:48.087 --> 14:50.122 align:left position:12.5% line:89% size:77.5% WE'RE TALKING A COUPLE HUNDRED 14:50.122 --> 14:53.826 align:left position:10% line:89% size:80% MILLION DOLLARS IN, YOU KNOW, A 14:53.826 --> 14:58.230 align:left position:10% line:89% size:80% $40 BILLION-SOMETHING BUDGET. 14:58.230 --> 14:59.899 align:left position:10% line:89% size:80% IT'S A GOOD, IT'S GOOD FOR THEM 14:59.899 --> 15:04.637 align:left position:10% line:89% size:80% TO SAY WE GOT MARIJUANA, IT'S A 15:04.637 --> 15:04.870 align:left position:10% line:89% size:80% PANACEA. 15:04.870 --> 15:06.972 align:left position:10% line:89% size:80% >> RIGHT, RIGHT. 15:06.972 --> 15:08.374 align:left position:10% line:89% size:80% MATT, IS THERE ANY PART OF LEGAL 15:08.374 --> 15:10.209 align:left position:10% line:89% size:80% WEED THAT ISN'T MIRED IN 15:10.209 --> 15:10.509 align:left position:10% line:89% size:80% CONTROVERSY? 15:10.509 --> 15:12.044 align:left position:10% line:89% size:80% ON THURSDAY, THE GOVERNOR 15:12.044 --> 15:12.978 align:left position:10% line:89% size:80% ANNOUNCED THREE MORE 15:12.978 --> 15:15.114 align:left position:10% line:89% size:80% APPOINTMENTS TO THE CANNABIS 15:15.114 --> 15:16.115 align:left position:10% line:89% size:80% REGULATORY COMMISSION AND ALMOST 15:16.115 --> 15:18.550 align:left position:12.5% line:89% size:77.5% IMMEDIATELY, HE WAS CRITICIZED 15:18.550 --> 15:20.586 align:left position:10% line:89% size:80% BY SOCIAL JUSTICE ADVOCATES 15:20.586 --> 15:21.987 align:left position:10% line:89% size:80% SAYING THE COMMISSION'S 15:21.987 --> 15:23.822 align:left position:10% line:89% size:80% MEMBERSHIP DOES NOT 15:23.822 --> 15:24.757 align:left position:10% line:89% size:80% APPROPRIATELY REFLECT THE 15:24.757 --> 15:25.858 align:left position:10% line:89% size:80% COMMUNITIES THAT WERE MOST HURT 15:25.858 --> 15:27.259 align:left position:10% line:89% size:80% BY THE WAR ON DRUGS. 15:27.259 --> 15:29.595 align:left position:10% line:89% size:80% DO THEY HAVE A POINT? 15:29.595 --> 15:31.597 align:left position:12.5% line:89% size:77.5% >> WELL, IN TERMS OF THERE NOT 15:31.597 --> 15:33.999 align:left position:10% line:89% size:80% BE A BLACK MAN ON IT AND NO ONE 15:33.999 --> 15:36.669 align:left position:10% line:89% size:80% IS HURT MORE BY MARIJUANA 15:36.669 --> 15:39.071 align:left position:10% line:89% size:80% ARRESTS THAN BLACK MEN, YES. 15:39.071 --> 15:40.739 align:left position:10% line:89% size:80% OVERALL, I THINK ALSO A BIG PART 15:40.739 --> 15:43.309 align:left position:10% line:89% size:80% OF THE CONTROVERSY RIGHT NOW IS 15:43.309 --> 15:44.843 align:left position:10% line:89% size:80% THAT IT REALLY -- I THINK A LOT 15:44.843 --> 15:47.880 align:left position:10% line:89% size:80% OF NEW JERSEYIANS, I DON'T KNOW 15:47.880 --> 15:50.115 align:left position:10% line:89% size:80% HOW MUCH THIS WILL PLAY BUT A 15:50.115 --> 15:53.218 align:left position:12.5% line:89% size:77.5% LOT WILL THINK IT'S RIDICULOUS 15:53.218 --> 15:55.020 align:left position:10% line:89% size:80% IF A COP FINDS A KID SMOKING 15:55.020 --> 15:57.456 align:left position:10% line:89% size:80% WEED, THEY CAN'T TELL THEIR 15:57.456 --> 15:57.923 align:left position:10% line:89% size:80% PARENTS. 15:57.923 --> 15:59.792 align:left position:10% line:89% size:80% BUT THAT WAS A COMPROMISE, 15:59.792 --> 16:02.461 align:left position:10% line:89% size:80% REALLY LAST-MINUTE THING IN A 16:02.461 --> 16:04.363 align:left position:10% line:89% size:80% DESPERATE EFFORT TO WIN SUPPORT 16:04.363 --> 16:06.098 align:left position:10% line:89% size:80% FOR THIS CLEANUP BILL SO THE 16:06.098 --> 16:08.567 align:left position:10% line:89% size:80% GOVERNOR COULD SIGN THE LEGAL 16:08.567 --> 16:09.268 align:left position:10% line:89% size:80% MARIJUANA LEGISLATION. 16:09.268 --> 16:10.469 align:left position:12.5% line:89% size:77.5% REPUBLICANS ARE HAVING A FIELD 16:10.469 --> 16:12.871 align:left position:10% line:89% size:80% DAY WITH IT, BUT I THINK ONE 16:12.871 --> 16:14.940 align:left position:12.5% line:89% size:77.5% POINT THAT WE MISS IS THAT 67% 16:14.940 --> 16:17.509 align:left position:10% line:89% size:80% OF PEOPLE VOTED FOR LEGAL 16:17.509 --> 16:20.079 align:left position:10% line:89% size:80% MARIJUANA AND THEN DEMOCRATIC 16:20.079 --> 16:22.581 align:left position:10% line:89% size:80% INFIGHTING BASICALLY DERAILED 16:22.581 --> 16:24.016 align:left position:10% line:89% size:80% THAT FOR MONTHS. 16:24.016 --> 16:25.784 align:left position:10% line:89% size:80% WHAT REPUBLICANS -- IT'S EASY TO 16:25.784 --> 16:28.253 align:left position:10% line:89% size:80% SIT BACK AND WATCH DEMOCRATS 16:28.253 --> 16:29.221 align:left position:10% line:89% size:80% SCREW THINGS UP. 16:29.221 --> 16:30.856 align:left position:10% line:89% size:80% WHAT IF REPUBLICANS KIND OF CAME 16:30.856 --> 16:33.659 align:left position:10% line:89% size:80% TO THE TABLE HERE AND SAID OKAY, 16:33.659 --> 16:34.460 align:left position:10% line:89% size:80% WE'LL WORK WITH YOU ON THIS 16:34.460 --> 16:39.865 align:left position:10% line:89% size:80% CLEANUP BILL AND THAT WAY IF RON 16:39.865 --> 16:41.600 align:left position:10% line:89% size:80% RICE AND TAKE A LOT OF LAWMAKERS 16:41.600 --> 16:43.402 align:left position:10% line:89% size:80% WITH THEM, WILL HAVE ANOTHER 16:43.402 --> 16:45.104 align:left position:10% line:89% size:80% PRESSURE RELEASE VALVE WHERE WE 16:45.104 --> 16:47.206 align:left position:10% line:89% size:80% CAN FIND SOME VOTES. 16:47.206 --> 16:49.875 align:left position:10% line:89% size:80% IF THERE HAD BEEN AN EFFORT, WHO 16:49.875 --> 16:51.343 align:left position:10% line:89% size:80% KNOWS IF WE WOULD HAVE HAD THIS 16:51.343 --> 16:52.177 align:left position:10% line:89% size:80% CURRENT LAW IN PLACE. 16:52.177 --> 16:54.713 align:left position:10% line:89% size:80% I THINK YOU'LL HEAR A LOT IN 16:54.713 --> 16:55.914 align:left position:10% line:89% size:80% THIS ELECTION YEAR, THE FACT 16:55.914 --> 16:57.383 align:left position:10% line:89% size:80% THAT POLICE WON'T BE ABLE TO 16:57.383 --> 16:59.318 align:left position:10% line:89% size:80% NOTIFY PARENTS ON THE FIRST 16:59.318 --> 16:59.551 align:left position:10% line:89% size:80% OFFENSE. 16:59.551 --> 17:01.487 align:left position:10% line:89% size:80% I BELIEVE THEY CAN ON THE 17:01.487 --> 17:01.720 align:left position:10% line:89% size:80% SECOND. 17:01.720 --> 17:03.055 align:left position:10% line:89% size:80% BUT RIGHT NOW, I THINK THAT'S 17:03.055 --> 17:05.424 align:left position:10% line:89% size:80% WHAT A LOT OF PEOPLE ARE REALLY 17:05.424 --> 17:06.725 align:left position:10% line:89% size:80% TALKING ABOUT WITH MARIJUANA AND 17:06.725 --> 17:07.526 align:left position:10% line:89% size:80% IT'S A VALID POINT. 17:07.526 --> 17:09.661 align:left position:10% line:89% size:80% I THINK THERE'S BEEN A LOT OF 17:09.661 --> 17:11.163 align:left position:10% line:89% size:80% OVERBLOWN STUFF HOW HARMFUL 17:11.163 --> 17:14.166 align:left position:10% line:89% size:80% MARIJUANA IS, BUT CERTAINLY IF A 17:14.166 --> 17:16.335 align:left position:10% line:89% size:80% CHILD IS USING IT, IT'S KIND OF 17:16.335 --> 17:18.670 align:left position:10% line:89% size:80% HARD TO ARGUE THEIR PARENTS 17:18.670 --> 17:20.205 align:left position:10% line:89% size:80% SHOULDN'T KNOW. 17:20.205 --> 17:21.173 align:left position:10% line:89% size:80% >> YES. 17:21.173 --> 17:23.509 align:left position:10% line:89% size:80% STACEY, SO WE'VE GOT LEGAL WEED 17:23.509 --> 17:25.210 align:left position:10% line:89% size:80% AND WE'VE GOT THIS BUDGET 17:25.210 --> 17:25.477 align:left position:10% line:89% size:80% PROPOSAL. 17:25.477 --> 17:27.046 align:left position:10% line:89% size:80% DO THESE THINGS HELP OR HURT 17:27.046 --> 17:29.782 align:left position:10% line:89% size:80% GOVERNOR MURPHY IN THIS ELECTION 17:29.782 --> 17:30.649 align:left position:10% line:89% size:80% YEAR? 17:30.649 --> 17:33.585 align:left position:10% line:89% size:80% >> I THINK THIS WAS A WELL 17:33.585 --> 17:34.987 align:left position:10% line:89% size:80% THOUGHT OUT BUDGET. 17:34.987 --> 17:39.258 align:left position:10% line:89% size:80% IT WAS, YOU KNOW, I COVERED 17:39.258 --> 17:40.259 align:left position:10% line:89% size:80% ELECTIONS WAY TOO LONG, 30 17:40.259 --> 17:40.626 align:left position:10% line:89% size:80% YEARS. 17:40.626 --> 17:43.529 align:left position:10% line:89% size:80% I'VE SEEN A LOT OF ELECTION YEAR 17:43.529 --> 17:44.863 align:left position:12.5% line:89% size:77.5% BUDGETS AND THIS ELECTION YEAR 17:44.863 --> 17:46.632 align:left position:10% line:89% size:80% BUDGET IF I'VE EVER SEEN ONE, 17:46.632 --> 17:50.369 align:left position:10% line:89% size:80% THERE ARE A LOT OF THINGS IN IT 17:50.369 --> 17:53.505 align:left position:10% line:89% size:80% THAT WILL HELP THE GOVERNOR. 17:53.505 --> 17:56.041 align:left position:10% line:89% size:80% THERE'S NO TAX INCREASES. 17:56.041 --> 17:58.544 align:left position:10% line:89% size:80% THERE'S THE BIG PENSION PAYMENT. 17:58.544 --> 18:02.214 align:left position:10% line:89% size:80% THERE'S RELATIVELY, YOU KNOW, 18:02.214 --> 18:03.715 align:left position:10% line:89% size:80% LITTLE CUTS AND A LOT OF 18:03.715 --> 18:05.784 align:left position:10% line:89% size:80% SPENDING ON A WHOLE BUNCH OF 18:05.784 --> 18:06.452 align:left position:10% line:89% size:80% DIFFERENT PROGRAMS THAT WILL 18:06.452 --> 18:10.722 align:left position:10% line:89% size:80% MAKE A LOT OF INTERESTS HAPPY. 18:10.722 --> 18:11.924 align:left position:10% line:89% size:80% >> AND HOW ABOUT COVID? 18:11.924 --> 18:14.293 align:left position:12.5% line:89% size:77.5% WHEN WE FACTOR IN COVID-19 AND 18:14.293 --> 18:16.328 align:left position:10% line:89% size:80% WHERE WE ARE TODAY, HOW THE 18:16.328 --> 18:18.530 align:left position:10% line:89% size:80% GOVERNOR HAS HANDLED THIS SO 18:18.530 --> 18:19.198 align:left position:10% line:89% size:80% FAR. 18:19.198 --> 18:22.701 align:left position:10% line:89% size:80% HE'S NOW BEGUN TO SLOWLY REOPEN 18:22.701 --> 18:24.369 align:left position:10% line:89% size:80% THE STATE. 18:24.369 --> 18:25.938 align:left position:10% line:89% size:80% I NOTICE HE MADE SOME 18:25.938 --> 18:27.139 align:left position:10% line:89% size:80% ANNOUNCEMENTS ON MONDAY, THE DAY 18:27.139 --> 18:28.707 align:left position:10% line:89% size:80% BEFORE HE PUT HIS BUDGET IN 18:28.707 --> 18:31.276 align:left position:10% line:89% size:80% PLACE, AND THEN NOTED THAT IN 18:31.276 --> 18:31.710 align:left position:10% line:89% size:80% THE SPEECH. 18:31.710 --> 18:33.278 align:left position:12.5% line:89% size:77.5% BUT WE'VE GOT A LOT OF SCHOOLS 18:33.278 --> 18:36.181 align:left position:10% line:89% size:80% THAT REMAIN CLOSED TO IN-PERSON 18:36.181 --> 18:37.015 align:left position:10% line:89% size:80% INSTRUCTION, AND OF COURSE 18:37.015 --> 18:38.450 align:left position:10% line:89% size:80% VACCINES ARE STILL VERY LIMITED. 18:38.450 --> 18:40.986 align:left position:10% line:89% size:80% HOW DO YOU THINK THIS PLAYS OUT? 18:40.986 --> 18:43.722 align:left position:10% line:89% size:80% >> I THINK IT'S ALL ABOUT 18:43.722 --> 18:47.793 align:left position:10% line:89% size:80% GETTING THE ECONOMY BACK AND 18:47.793 --> 18:57.169 align:left position:10% line:89% size:80% THAT BEGINS WITH VACCINES AND IT 18:57.169 --> 18:58.370 align:left position:10% line:89% size:80% BEGINS WITH GETTING SCHOOLS 18:58.370 --> 18:58.737 align:left position:10% line:89% size:80% BACK. 18:58.737 --> 19:00.105 align:left position:10% line:89% size:80% I HEARD THE GOVERNOR TALKING 19:00.105 --> 19:02.741 align:left position:10% line:89% size:80% ABOUT WOMEN AND HOW THEY HAVE 19:02.741 --> 19:06.545 align:left position:10% line:89% size:80% BEEN A LESSER PART OF THE 19:06.545 --> 19:08.714 align:left position:12.5% line:89% size:77.5% WORKFORCE BECAUSE THEY'VE BEEN 19:08.714 --> 19:09.815 align:left position:10% line:89% size:80% HOME WITH THEIR KIDS AND THE KEY 19:09.815 --> 19:12.117 align:left position:10% line:89% size:80% TO THE ECONOMY IS GETTING THE 19:12.117 --> 19:14.119 align:left position:10% line:89% size:80% SCHOOLS BACK OPEN AND GETTING 19:14.119 --> 19:19.424 align:left position:10% line:89% size:80% WOMEN BACK IN THE WORKFORCE OUT 19:19.424 --> 19:22.094 align:left position:10% line:89% size:80% OF THEIR HOMES AND I THINK THAT 19:22.094 --> 19:25.464 align:left position:10% line:89% size:80% IS GETTING THAT DONE AND 19:25.464 --> 19:26.131 align:left position:10% line:89% size:80% SIGNIFICANTLY BEFORE THE 19:26.131 --> 19:29.434 align:left position:10% line:89% size:80% ELECTION WILL BE KEY FOR 19:29.434 --> 19:30.936 align:left position:10% line:89% size:80% GOVERNOR MURPHY. 19:30.936 --> 19:37.476 align:left position:10% line:89% size:80% >> JOHN, YOU KNOW, YOU'VE 19:37.476 --> 19:38.610 align:left position:10% line:89% size:80% WRITTEN ABOUT PROPERTY TAXES AND 19:38.610 --> 19:41.547 align:left position:10% line:89% size:80% THE INCREASE THIS YEAR, A RECORD 19:41.547 --> 19:42.614 align:left position:10% line:89% size:80% HIGH. 19:42.614 --> 19:43.715 align:left position:10% line:89% size:80% IN ADDITION, THE GOVERNOR DID 19:43.715 --> 19:48.287 align:left position:10% line:89% size:80% GET TO MORE THAN $2 BILLION FROM 19:48.287 --> 19:49.855 align:left position:10% line:89% size:80% THE FEDERAL GOVERNMENT FOR COVID 19:49.855 --> 19:53.158 align:left position:10% line:89% size:80% RELIEF AND MANY BUSINESS AND 19:53.158 --> 19:55.394 align:left position:10% line:89% size:80% RESTAURANT OWNERS SAYS THAT 19:55.394 --> 19:56.528 align:left position:10% line:89% size:80% HASN'T HELPED THEM AND SLOW COME 19:56.528 --> 20:04.102 align:left position:10% line:89% size:80% OUT AND THOSE GUYS VOTE, TOO. 20:04.102 --> 20:07.172 align:left position:10% line:89% size:80% WHAT IS YOUR SENSE FOR HOW THAT 20:07.172 --> 20:10.642 align:left position:10% line:89% size:80% HELPS GOVERNOR MURPHY AND HIS 20:10.642 --> 20:11.376 align:left position:10% line:89% size:80% ELECTION CHANCES. 20:11.376 --> 20:12.544 align:left position:10% line:89% size:80% >> THE GOVERNOR HAS HAD 20:12.544 --> 20:13.879 align:left position:10% line:89% size:80% FORMIDABLE APPROVAL RATINGS FOR 20:13.879 --> 20:14.980 align:left position:12.5% line:89% size:77.5% THE LAST SEVERAL MONTHS DUE TO 20:14.980 --> 20:18.116 align:left position:10% line:89% size:80% HIS HANDLING OF THE COVID 20:18.116 --> 20:29.461 align:left position:10% line:89% size:80% RESPONSE. 20:29.461 --> 20:30.862 align:left position:10% line:89% size:80% ONCE THAT PERSON STARTS TO 20:30.862 --> 20:34.399 align:left position:10% line:89% size:80% APPEAR ON TV COMMERCIALS, ON THE 20:34.399 --> 20:38.136 align:left position:10% line:89% size:80% STAGE WITH YOU AT DEBATES, A 20:38.136 --> 20:39.738 align:left position:10% line:89% size:80% WHOLE NEW SET OF ISSUES COME 20:39.738 --> 20:40.739 align:left position:10% line:89% size:80% FORWARD. 20:40.739 --> 20:44.076 align:left position:10% line:89% size:80% THAT'S WHERE WE TAKE A LOT OF 20:44.076 --> 20:44.743 align:left position:10% line:89% size:80% FLACK ON THINGS LIKE MOTOR 20:44.743 --> 20:48.780 align:left position:10% line:89% size:80% VEHICLES AND THE HANDLING OF THE 20:48.780 --> 20:50.515 align:left position:10% line:89% size:80% UNEMPLOYMENT SYSTEM AND 20:50.515 --> 20:51.383 align:left position:10% line:89% size:80% INTERESTING TO SEE WHEN SOMEBODY 20:51.383 --> 20:55.520 align:left position:12.5% line:89% size:77.5% IS GOING NEGATIVE AGAINST THIS 20:55.520 --> 20:57.155 align:left position:10% line:89% size:80% GOVERNOR, WHETHER THAT BRINGS 20:57.155 --> 20:59.124 align:left position:10% line:89% size:80% HIM DOWN OR NOT. 20:59.124 --> 21:00.225 align:left position:12.5% line:89% size:77.5% PROPERTY TAXES, THE STATE DOES 21:00.225 --> 21:01.960 align:left position:10% line:89% size:80% NOT LEVY BUT THE STATE DOES A 21:01.960 --> 21:06.164 align:left position:10% line:89% size:80% LOT THAT INFLUENCES PROPERTY 21:06.164 --> 21:09.301 align:left position:10% line:89% size:80% TAXES SO EDUCATION AID, 21:09.301 --> 21:11.169 align:left position:10% line:89% size:80% MUNICIPAL AID, THE DIRECT 21:11.169 --> 21:12.738 align:left position:10% line:89% size:80% PROPERTY TAX RELIEF PROGRAMS YOU 21:12.738 --> 21:14.640 align:left position:10% line:89% size:80% TALKED TO THE ASSEMBLYWOMAN 21:14.640 --> 21:18.477 align:left position:10% line:89% size:80% ABOUT, THOSE GO INTO THE MIX BUT 21:18.477 --> 21:20.145 align:left position:12.5% line:89% size:77.5% THE GOVERNOR HAS ANOTHER TRUMP 21:20.145 --> 21:21.413 align:left position:10% line:89% size:80% CARD COMING BECAUSE IN A FEW 21:21.413 --> 21:23.415 align:left position:10% line:89% size:80% MONTHS, THERE'S THAT DIRECT 21:23.415 --> 21:27.919 align:left position:10% line:89% size:80% REBATE PROGRAM THAT'S FUNDED 21:27.919 --> 21:31.390 align:left position:10% line:89% size:80% WITH THE NEW BUDGET SENDING 21:31.390 --> 21:33.225 align:left position:10% line:89% size:80% PEOPLE CHECKS UP TO $500 BEFORE 21:33.225 --> 21:37.763 align:left position:10% line:89% size:80% THEY GO VOTE FOR A GOVERNOR AND 21:37.763 --> 21:38.797 align:left position:10% line:89% size:80% LAWMAKERS, AND SO IT'S GOING TO 21:38.797 --> 21:40.299 align:left position:12.5% line:89% size:77.5% BE INTERESTING TO SEE HOW THIS 21:40.299 --> 21:41.667 align:left position:10% line:89% size:80% PLAYS OUT OVER THE NEXT FEW 21:41.667 --> 21:44.202 align:left position:10% line:89% size:80% MONTHS WITH THE PANDEMIC AND THE 21:44.202 --> 21:45.137 align:left position:10% line:89% size:80% UNPREDICTABILITY OF THAT ALL IN 21:45.137 --> 21:48.240 align:left position:10% line:89% size:80% THE BACKDROP. 21:48.240 --> 21:50.175 align:left position:10% line:89% size:80% CERTAINLY THE SPORTS FRANCHISES 21:50.175 --> 21:53.845 align:left position:10% line:89% size:80% ARE HAPPY TO SEE WHEN IT'S 21:53.845 --> 21:55.314 align:left position:10% line:89% size:80% LIFTED BECAUSE SOME OF US WHO 21:55.314 --> 21:56.882 align:left position:10% line:89% size:80% LIKE SPORTS MAY ACTUALLY BE ABLE 21:56.882 --> 21:59.785 align:left position:10% line:89% size:80% TO GO SEE A GAME SOMEDAY. 21:59.785 --> 22:01.320 align:left position:10% line:89% size:80% >> MATT, TO SWITCH GEARS A 22:01.320 --> 22:01.953 align:left position:10% line:89% size:80% LITTLE BIT. 22:01.953 --> 22:04.423 align:left position:10% line:89% size:80% ALTHOUGH THERE IS SOME ELECTION 22:04.423 --> 22:05.891 align:left position:10% line:89% size:80% IMPLICATION HERE, NEW JERSEY 22:05.891 --> 22:07.659 align:left position:10% line:89% size:80% LOST A REPUBLICAN INSTITUTION 22:07.659 --> 22:09.261 align:left position:10% line:89% size:80% LAST SATURDAY WITH THE DEATH OF 22:09.261 --> 22:14.933 align:left position:10% line:89% size:80% SENATOR GERALD CARDINALLI IN THE 22:14.933 --> 22:16.435 align:left position:10% line:89% size:80% LEGISLATURE FOR 42 YEARS. 22:16.435 --> 22:17.869 align:left position:10% line:89% size:80% WHAT IS HIS LEGACY? 22:17.869 --> 22:21.406 align:left position:10% line:89% size:80% >> DEEPLY CONSERVATIVE. 22:21.406 --> 22:21.707 align:left position:10% line:89% size:80% QUESTIONING. 22:21.707 --> 22:24.876 align:left position:10% line:89% size:80% IN THE JUDICIARY COMMITTEE BILLS 22:24.876 --> 22:27.279 align:left position:10% line:89% size:80% THAT OFTEN SEEMED NOT EVEN 22:27.279 --> 22:29.948 align:left position:10% line:89% size:80% POLITICALLY CONTROVERSIAL NOW. 22:29.948 --> 22:32.484 align:left position:12.5% line:89% size:77.5% GERRY CARDINALLI HAD SOMETHING 22:32.484 --> 22:36.988 align:left position:10% line:89% size:80% TO SAY AND OFTEN THOUGHTFUL. 22:36.988 --> 22:39.691 align:left position:10% line:89% size:80% HE WAS A SMART GUY AND WELL 22:39.691 --> 22:41.793 align:left position:10% line:89% size:80% RESPECTED EVEN THOUGH HE WAS 22:41.793 --> 22:43.095 align:left position:10% line:89% size:80% VERY CONSERVATIVE FOR NEW JERSEY 22:43.095 --> 22:44.563 align:left position:10% line:89% size:80% AND A DISTRICT THAT IS 22:44.563 --> 22:45.931 align:left position:10% line:89% size:80% REPUBLICAN LEANING BUT NOT AS 22:45.931 --> 22:46.798 align:left position:10% line:89% size:80% CONSERVATIVE AS HE IS. 22:46.798 --> 22:48.300 align:left position:10% line:89% size:80% HE WAS ALSO I THOUGHT VERY 22:48.300 --> 22:50.001 align:left position:10% line:89% size:80% PRINCIPLED IN A LOT OF WAYS, IN 22:50.001 --> 22:51.570 align:left position:10% line:89% size:80% THE MARIJUANA DEBATE, HE WAS 22:51.570 --> 22:54.673 align:left position:12.5% line:89% size:77.5% VERY ANTI-MARIJUANA, AND A LOT 22:54.673 --> 22:58.276 align:left position:10% line:89% size:80% OF ATTITUDES ABOUT THE 22:58.276 --> 23:02.547 align:left position:10% line:89% size:80% SUBSTANCE, KIND OF ROOTED IN OLD 23:02.547 --> 23:09.187 align:left position:10% line:89% size:80% STUFF BUT ONCE 67% OF NEW 23:09.187 --> 23:10.088 align:left position:10% line:89% size:80% JERSEYIANS SAID AS LONG AS 23:10.088 --> 23:11.523 align:left position:10% line:89% size:80% THEY'VE DONE THIS, WHY SHOULDN'T 23:11.523 --> 23:13.825 align:left position:10% line:89% size:80% THEY BE ABLE TO GROW IT AND 23:13.825 --> 23:15.360 align:left position:10% line:89% size:80% INTRODUCED A BILL MUCH MORE 23:15.360 --> 23:16.194 align:left position:10% line:89% size:80% PROGRESSIVE THAN ANYTHING ANY 23:16.194 --> 23:18.196 align:left position:10% line:89% size:80% DEMOCRATS THAT I KNOW OF HAD PUT 23:18.196 --> 23:19.498 align:left position:10% line:89% size:80% FORWARD AND A LOT OF NEW 23:19.498 --> 23:20.932 align:left position:10% line:89% size:80% JERSEYIANS TO GROW UP TO 23:20.932 --> 23:21.767 align:left position:10% line:89% size:80% SOMETHING LIKE SIX PLANTS. 23:21.767 --> 23:23.001 align:left position:10% line:89% size:80% I DON'T KNOW WHAT THE FUTURE OF 23:23.001 --> 23:25.937 align:left position:10% line:89% size:80% THAT BILL IS NOW, ESPECIALLY 23:25.937 --> 23:27.672 align:left position:10% line:89% size:80% WITH HIM HAVING DIED. 23:27.672 --> 23:29.741 align:left position:10% line:89% size:80% IT'S ALSO SOMETHING THAT THE 23:29.741 --> 23:31.676 align:left position:10% line:89% size:80% LEGISLATURE IS ABOUT TO UNDERGO 23:31.676 --> 23:34.346 align:left position:10% line:89% size:80% A BIG CHANGE, THE SENATE, AND 23:34.346 --> 23:36.047 align:left position:10% line:89% size:80% WITH THE SENATE USUALLY GOES THE 23:36.047 --> 23:36.314 align:left position:10% line:89% size:80% ASSEMBLY. 23:36.314 --> 23:38.850 align:left position:10% line:89% size:80% THERE IS AT LEAST FIVE SEATS ARE 23:38.850 --> 23:42.654 align:left position:10% line:89% size:80% GOING TO BE REPRESENTED BY 23:42.654 --> 23:50.662 align:left position:10% line:89% size:80% DIFFERENT PEOPLE COME 2022, AND 23:50.662 --> 23:53.298 align:left position:10% line:89% size:80% I'M NOT SURE THERE'S A BIG 23:53.298 --> 23:54.032 align:left position:10% line:89% size:80% TURNOVER SINCE I COVERED 23:54.032 --> 23:56.168 align:left position:12.5% line:89% size:77.5% POLITICS IN 2007, THAT WAS THE 23:56.168 --> 23:58.403 align:left position:12.5% line:89% size:77.5% BIGGEST TURNOVER PRIOR TO THIS 23:58.403 --> 23:58.970 align:left position:10% line:89% size:80% ONE THAT I CAN REMEMBER. 23:58.970 --> 24:00.238 align:left position:10% line:89% size:80% >> YOU JUST READ MY SCRIPT. 24:00.238 --> 24:01.973 align:left position:10% line:89% size:80% I WAS GOING TO ASK ABOUT THAT 24:01.973 --> 24:03.742 align:left position:10% line:89% size:80% BUT I FEEL WE'RE RUNNING OUT OF 24:03.742 --> 24:03.942 align:left position:10% line:89% size:80% TIME. 24:03.942 --> 24:06.445 align:left position:10% line:89% size:80% YOU HAD A GREAT STORY THIS WEEK 24:06.445 --> 24:10.382 align:left position:10% line:89% size:80% ABOUT ONE OF THOSE BATTLES, FOR 24:10.382 --> 24:13.151 align:left position:12.5% line:89% size:77.5% SENATOR WEINBERG'S SEAT IN THE 24:13.151 --> 24:13.418 align:left position:10% line:89% size:80% ASSEMBLY. 24:13.418 --> 24:18.623 align:left position:10% line:89% size:80% I KNOW WE'VE GOT OTHER ASSEMBLY 24:18.623 --> 24:18.857 align:left position:10% line:89% size:80% MEMBERS. 24:18.857 --> 24:19.524 align:left position:10% line:89% size:80% WE'LL HAVE A SHAKEUP THIS YEAR, 24:19.524 --> 24:20.125 align:left position:10% line:89% size:80% RIGHT, REAL QUICKLY? 24:20.125 --> 24:22.794 align:left position:10% line:89% size:80% >> BIG TIME. 24:22.794 --> 24:24.563 align:left position:10% line:89% size:80% CARDINALLI PRIOR TO HIS DEATH 24:24.563 --> 24:27.432 align:left position:10% line:89% size:80% WOULD BE CHALLENGED BY 24:27.432 --> 24:29.234 align:left position:10% line:89% size:80% ASSEMBLYWOMAN AND BROWN IN SOUTH 24:29.234 --> 24:30.368 align:left position:10% line:89% size:80% JERSEY NOT RUNNING FOR 24:30.368 --> 24:31.870 align:left position:12.5% line:89% size:77.5% RE-ELECTION AND A COUPLE OTHER 24:31.870 --> 24:37.709 align:left position:10% line:89% size:80% SENATORS WHO WON'T BE RETURNING. 24:37.709 --> 24:40.312 align:left position:10% line:89% size:80% IT'S A BIG SHAKEUP, DIFFERENT 24:40.312 --> 24:41.580 align:left position:10% line:89% size:80% MAJORITY LEADER AND MINORITY 24:41.580 --> 24:42.380 align:left position:10% line:89% size:80% LEADER. 24:42.380 --> 24:45.450 align:left position:10% line:89% size:80% TOM CAIN IS LEAVING PROBABLY TO 24:45.450 --> 24:49.254 align:left position:10% line:89% size:80% RUN FOR CONGRESS AGAIN. 24:49.254 --> 24:50.856 align:left position:10% line:89% size:80% THAT'S NOT JUST TURNOVER ON 24:50.856 --> 24:52.157 align:left position:10% line:89% size:80% PEOPLE BUT TURNOVER IN 24:52.157 --> 24:52.457 align:left position:10% line:89% size:80% LEADERSHIP. 24:52.457 --> 24:54.259 align:left position:10% line:89% size:80% >> WELL THIS IS GOING TO GIVE US 24:54.259 --> 24:56.461 align:left position:10% line:89% size:80% A LOT TO WRITE ABOUT AND TALK 24:56.461 --> 24:59.164 align:left position:10% line:89% size:80% ABOUT ON FUTURE EPISODES FOR THE 24:59.164 --> 25:00.599 align:left position:10% line:89% size:80% COMING YEAR, THIS ELECTION. 25:00.599 --> 25:03.134 align:left position:10% line:89% size:80% I'M SORRY, THAT'S ALL WE HAVE 25:03.134 --> 25:04.736 align:left position:10% line:89% size:80% FOR "ROUNDTABLE" TODAY. 25:04.736 --> 25:08.273 align:left position:10% line:89% size:80% I WANT TO THANK OUR GUESTS, 25:08.273 --> 25:10.275 align:left position:10% line:89% size:80% ASSEMBLYWOMAN MARINE AND OUR 25:10.275 --> 25:13.645 align:left position:10% line:89% size:80% GREAT PANEL OF JOURNALISTS, MATT 25:13.645 --> 25:16.481 align:left position:10% line:89% size:80% FRIEDMAN, STACEY SHERMAN AND 25:16.481 --> 25:25.857 align:left position:10% line:89% size:80% JOHN WRIGHTMEYER. 25:25.857 --> 25:26.424 align:left position:10% line:89% size:80% BE SURE TO SUBSCRIBE TO THE 25:26.424 --> 25:27.058 align:left position:10% line:89% size:80% YOUTUBE CHANNEL TO GET EXCLUSIVE 25:27.058 --> 25:27.659 align:left position:10% line:89% size:80% CONTENT, INCLUDING MORE "CHAT 25:27.659 --> 25:28.460 align:left position:10% line:89% size:80% BOX," NJ BUSINESS BEAT AND NJ 25:28.460 --> 25:30.529 align:left position:10% line:89% size:80% SPOTLIGHT NEWS. 25:30.529 --> 25:32.864 align:left position:10% line:89% size:80% DAVID CRUZ WILL BE BACK HERE 25:32.864 --> 25:35.000 align:left position:10% line:89% size:80% NEXT WEEK. 25:35.000 --> 25:35.734 align:left position:10% line:89% size:80% I'M COLLEEN O'DAY. 25:35.734 --> 25:37.102 align:left position:10% line:89% size:80% THANKS FOR WATCHING. 25:37.102 --> 25:38.103 align:left position:10% line:89% size:80% >> Announcer: MAJOR FUNDING FOR 25:38.103 --> 25:39.504 align:left position:10% line:89% size:80% "REPORTERS ROUNDTABLE" WITH 25:39.504 --> 25:40.205 align:left position:10% line:89% size:80% DAVID CRUZ IS PROVIDED BY NEW 25:40.205 --> 25:41.773 align:left position:12.5% line:89% size:77.5% JERSEY REALTORS, THE VOICE FOR 25:41.773 --> 25:42.307 align:left position:10% line:89% size:80% REAL ESTATE IN NEW JERSEY. 25:42.307 --> 25:44.376 align:left position:10% line:89% size:80% MORE INFORMATION IS ONLINE AT 25:44.376 --> 25:45.944 align:left position:10% line:89% size:80% NJREALTOR.COM. 25:45.944 --> 25:48.013 align:left position:10% line:89% size:80% RWJBARNABAS HEALTH, LET'S BE 25:48.013 --> 25:50.215 align:left position:10% line:89% size:80% HEALTHY TOGETHER. 25:50.215 --> 25:51.616 align:left position:10% line:89% size:80% AND BY NJM INSURANCE GROUP, 25:51.616 --> 25:54.152 align:left position:12.5% line:89% size:77.5% SERVING THE INSURANCE NEEDS OF 25:54.152 --> 25:54.686 align:left position:10% line:89% size:80% NEW JERSEY RESIDENTS AND 25:54.686 --> 25:55.287 align:left position:10% line:89% size:80% BUSINESSES FOR MORE THAN 100 25:55.287 --> 25:58.323 align:left position:10% line:89% size:80% YEARS. 25:58.323 --> 26:01.426 align:left position:10% line:89% size:80% PROMOTIONAL SUPPORT IS PROVIDED 26:01.426 --> 26:03.595 align:left position:10% line:89% size:80% BY "NEW JERSEY BUSINESS 26:03.595 --> 26:05.163 align:left position:12.5% line:89% size:77.5% MAGAZINE," THE MAGAZINE OF THE 26:05.163 --> 26:05.797 align:left position:10% line:89% size:80% NEW JERSEY BUSINESS AND INDUSTRY 26:05.797 --> 26:06.498 align:left position:10% line:89% size:80% ASSOCIATION, REPORTING TO 26:06.498 --> 26:07.766 align:left position:10% line:89% size:80% EXECUTIVE AND LEGISLATIVE 26:07.766 --> 26:09.668 align:left position:10% line:89% size:80% LEADERS IN ALL 21 COUNTIES OF 26:09.668 --> 26:16.074 align:left position:10% line:89% size:80% THE GARDEN STATE SINCE 1954.