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>>> A DEMOCRATIC GOVERNOR, A

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DEMOCRATIC LEGISLATIVE

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LEADERSHIP AND NO AGREEMENT ON

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TAXING THE RICH.

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>> Announcer: MAJOR FUNDING FOR

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"REPORTERS ROUNDTABLE" WITH

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MICHAEL ARON IS PROVIDED BY NEW

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JERSEY REALTORS.

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THE VOICE FOR REAL ESTATE IN NEW

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JERSEY.

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MORE INFORMATION IS ONLINE AT

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NJREALTOR.COM.

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RWJ BARNABAS HEALTH.

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LET'S BE HEALTHY TOGETHER.

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AND BY NJM INSURANCE GROUP.

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SERVING THE INSURANCE NEEDS OF

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RESIDENTS AND BUSINESSES FOR

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MORE THAN 100 YEARS.

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PROMOTIONAL SUPPORT PROVIDED BY

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NEW JERSEY BUSINESS MAGAZINE.

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THE MAGAZINE THAT THE NEW JERSEY

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BUSINESS AND INDUSTRY

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ASSOCIATION REPORTING TO

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EXECUTIVE AND LEGISLATIVE

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LEADERS IN ALL 21 COUNTIES OF

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THE GARDEN STATE SINCE 1954.

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>>> WELCOME TO "REPORTERS

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ROUNDTABLE."

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I'M MICHAEL ARON.

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SENATE BUDGET COMMITTEE CHAIRMAN

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PAUL STAR LOW CALLED IT OPENING

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DAY, THE DAY WHEN THE STATE

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TREASURER COMES BEFORE THE

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BUDGET COMMITTEE TO DEFEND THE

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GOVERNOR'S NEW SPENDING PLAN.

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THIS YEAR THE BIG STICKING POINT

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IS THE MILLIONAIRE'S TAX.

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MOST LAWMAKERS SHUN IT.

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THE GOVERNOR, A MILLIONAIRE

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HIMSELF, SAID PEOPLE LIKE HIM

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CAN AFFORD IT.

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AND THE MONEY CAN BE USED TO

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INVEST IN THE MIDDLE CLASS.

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>> DURING THIS ADMINISTRATION

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YOU'VE PASSED OVER 2 --

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LEGISLATURE SIGNED IN OVER

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$2.25 BILLION IN TAX HIKES.

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HOW DOES THAT HELP THE MIDDLE

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CLASS?

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>> THE VAST MAJORITY OF OUR

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REVENUE, OUR NEW REVENUES FOR

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THIS PAST BUDGET AND THIS BUDGET

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ARE -- COME, THOUGH, FROM THE

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HIGHEST EARNERS IN THE STATE.

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>> WOULD THE ADMINISTRATION

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CONSIDER IF WE WERE -- IF THE

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LEGISLATURE WAS TO COME UP WITH

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AN ADDITIONAL $447 MILLION IN

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SUSTAINABLE SAVINGS TO OFFSET

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THE MILLIONAIRE'S TAX, IS THAT

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SOMETHING THE ADMINISTRATOR

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WOULD CONSIDER.

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>> THE TREASURER RESISTED THAT

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IDEA EXPLAINING THE STATE NEEDS

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THAT REVENUE.

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>> WE HAVE INCREASED PENSION

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PAYMENTS AND INCREASED EDUCATION

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FUNDING PAYMENTS TO NAME A

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COUPLE.

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>> THE STATE INCOME TAX WOULD

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RISE FROM 8.97% TO 10.75% ON

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INCOME ABOVE A MILLION DOLLARS.

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THE SENATE PRESIDENT AND

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ASSEMBLY SPEAKER OPPOSE IT.

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ACCORDING TO A FDU POLL THIS

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WEEK, 46% OF NEW JERSEYANS

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STRONGLY SUPPORT IT, 26%

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SOMEWHAT SUPPORT IT, AND 14%

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STRONGLY OR SOMEWHAT OPPOSE.

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JOINING US NOW WITH THEIR OWN

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ASSESSMENT, NICK OKOCHELA, AND

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JOE HERNANDEZ STATE HOUSE

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REPORTER FOR HYY AND BGO RADIO,

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MICHAEL SIMMONS, STATE HOUSE

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REPORTER FOR NEW JERSEY 101.5

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RADIO AND DAVID CRUZ, SENIOR

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CORRESPONDENT FOR NJTV NEWS.

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NICK, WHAT ARE THE PROSPECTS FOR

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THE MILLIONAIRE'S TAX.

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>> NOBODY COULD TELL BUT THE

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LEGISLATIVE LEADERSHIP SEEMS SO

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ADAMANTLY OPPOSED AND WITH THE

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ASSEMBLY UP, MAYBE IT WILL THROW

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THEM A COMPROMISE.

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LAST TIME IT WAS EVERYBODY OVER

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$5 MILLION AND MAYBE $4 MILLION

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OR $3 MILLION BUT I DON'T SEE --

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>> YOU JUST SOLVED THE WHOLE

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PROBLEM.

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>> THEY DON'T ASK ME.

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>> JOE, WHAT IS YOUR TAKE ON

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THIS?

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>> YEAH, I DON'T KNOW.

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I MEAN WHEN WE HEARD THE

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GOVERNOR'S PROPOSED BUDGET MANY

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LAWMAKERS SAID IS SET A BETTER

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TONE THAN LAST YEAR AND IT WAS

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MORE COL EEJAL AND EVERYBODY WAS

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GETTING ALONG BETTER THAN LAST

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YEAR SO MAYBE THE TABLE IS SET

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IN A WAY THAT IS MORE -- MIGHT

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ALLOW SOMETHING LIKE THIS TO

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HAPPEN.

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BUT AS WE'VE HEARD A LOT OF TOP

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DEMOCRATS IN THE LEGISLATURE

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DON'T WANT IT.

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>> MIKE, THE FORMER

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GUBERNATORIAL PRESS SECRETARY

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CARL GOTTON WHO I FREQUENTLY

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QUOTE AT THIS TABLE, WROTE THIS

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WEEK THE MILLIONAIRE'S TAX IS

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OFF THE TABLE AND THERE IS A

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STALEMATE AHEAD AND THAT WE MAY

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WELL HAVE A SHUTDOWN IN JULY.

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WHAT DO YOU THINK?

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>> I GUESS THAT IS CONCEIVABLE.

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WHEN THE SENATE BUDGET COMMITTEE

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HEARING ENDED REPORTS SAID TO

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SENATOR SAR LOWE, SO THE

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MILLION'S TAX IS DEAD.

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AND HE SAID WE'RE NOT SAYING

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THAT YET.

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AND THEY'RE NOT CLOSING THE DOOR

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ON THAT.

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IN ADDITION TO THE SAVINGS THAT

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THEY WOULD NEED TO COME WITH TO

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OFFSET A MILLIONAIRE'S TAX AND

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THERE IS TALK ABOUT NEW JERSEY

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TRANSIT AND CONCERNS ABOUT

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DIRECT SERVICE AND PROFESSIONALS

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AND WHAT THE MINIMUM WAGE

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INCREASE COULD MEAN FOR

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STABILITY IN THAT INDUSTRY.

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AND SO THERE IS A LOT OF MOVING

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PARTS THE BIGGEST IS HOW DOES

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THE INCOME TAX DUE IN APRIL AND

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WHAT DOES THE LANDSCAPE LOOK

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LIKE IN MAY AND UNTIL THEN IT IS

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ALL SORT OF TRYING -- IT IS

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PRELIMINARY.

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>> DAVID, HOW DO YOU SEE IT?

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>> WELL, IT SHOULD BE NOTED UP

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FRONT THAT MICHAEL SIMMONS IS

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THE OFFICIAL SHUTDOWN CHEF.

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WHENEVER THERE IS A SHUTDOWN AND

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WE'RE ALL BACK DOWN IN TRENTON

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WAITING TO SEE WHEN IT ENDS OR

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BEGINS --

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>> HE BARBECUES.

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>> HE BARBECUES, THAT IS RIGHT.

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BUT I LIKE NICK'S IDEA OF LAST

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YEAR THEY OFFERED $5 MILLION AND

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MAYBE THIS YEAR THEY'LL GO TO

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$2.5 MILLION AND MAKE IT MORE

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MANAGEABLE.

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AND I LIKE SARLO SAYING WE COULD

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COME UP WITH $400 MILLION FOR

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YOU.

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I DON'T SEE HOW THEY'LL AVOID A

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SHUTDOWN.

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>> I THINK THERE IS SOME

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SERIOUSNESS IN THAT SUGGESTION.

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IN A $38.6 BILLION BUDGET, TO

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FIND AN ADDITIONAL $447 MILLION

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IN CUTS IS NOT THAT HIGH A LIFT

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OR HIGH A BAR, RIGHT?

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>> IT IS NOT EVEN A ROUNDING

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ERROR.

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>> EXCEPT THE ADMINISTRATION HAS

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ALREADY -- I THINK THEY MIGHT

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SAY COME UP WITH $800 MILLION IN

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CUTS TO PUBLIC EMPLOYEE HEALTH

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CARE, SO --

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>> $200 MILLION ON TOP OF THAT

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IN DEPARTMENTAL SAVINGS.

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>> AND THEY JUST LEGALIZED

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MARIJUANA, THEY WOULD BE ON

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THEIR WAY.

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>> THE MAIN THING THAT SENATE

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PRESIDENT SWEENEY SEEMS TO BE

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INTENT ON RIGHT NOW IS THIS IDEA

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ABOUT CHANGING THE HEALTH

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BENEFITS PLAN FOR TEACHERS AND

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THAT WOULD HAVE SOME IMPACT ON

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THE STATE BUDGET BUT THAT WOULD

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HAVE A LIMITED IMPACT ON THE

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STATE BUDGET.

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THAT IS A BIGGER IMPACT ON

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LOCAL --

200
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>> LET'S TALK ABOUT THAT FOR A

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SECOND.

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THE SENATE PRESIDENT HAS WHAT HE

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CALLS HIS PATH TO PROGRESS PLAN,

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MUCH DISCUSSED FOR ABOUT NINE

205
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MONTHS NOW.

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AMONG OTHER THINGS IT WOULD

207
00:06:44,766 --> 00:06:46,433
CHANGE THE PENSION SYSTEM TO

208
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MAKE IT LESS BURDENSOME ON THE

209
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STATE AND A LITTLE MORE

210
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BURDENSOME ON THE WORKERS.

211
00:06:54,733 --> 00:06:57,166
AND IT WOULD REDUCE PUBLIC

212
00:06:57,166 --> 00:06:59,033
WORKER HEALTH BENEFITS FROM

213
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PLATINUM LEVEL TO GOLD AS

214
00:07:02,333 --> 00:07:07,100
DEFINED BY THE OBAMA HEALTH LAW.

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00:07:07,100 --> 00:07:08,600
MY UNDERSTANDING IS THAT HE'S

216
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GOING TO INTRODUCE LEGISLATION

217
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TO THESE EFFECTS IN THE VERY

218
00:07:13,066 --> 00:07:15,100
NEAR FUTURE, WITHIN WEEKS.

219
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THAT IS GOING TO THROW A LITTLE

220
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KIND OF A BOMB RIGHT INTO THIS

221
00:07:22,966 --> 00:07:23,600
WHOLE BUDGET PROCESS, IS IT NOT?

222
00:07:23,600 --> 00:07:24,000
>> NO, ABSOLUTELY.

223
00:07:24,000 --> 00:07:25,633
BUT I THINK YOU'RE GOING TO SEE

224
00:07:25,633 --> 00:07:27,066
THE GOVERNOR SAY ABSOLUTELY NOT.

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HE INSISTS THAT ALL OF THIS MUST

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BE DONE THROUGH COLLECTIVE

227
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BARGAINING AND HE'S GOT THE

228
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FINAL SAY.

229
00:07:35,200 --> 00:07:35,633
HE'S GOT THE PEN.

230
00:07:35,633 --> 00:07:38,400
>> SO THAT IS ANOTHER POTENTIAL

231
00:07:38,400 --> 00:07:38,800
STUMBLING BLOCK.

232
00:07:38,800 --> 00:07:40,133
>> I THINK THAT HAS BEEN THE

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00:07:40,133 --> 00:07:41,766
STUMBLING BLOCK ALL ALONG.

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00:07:41,766 --> 00:07:44,066
FROM BEFORE HE WAS INAUGURATED,

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I THINK THAT WAS THE BONE OF

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CONTENTION BETWEEN HIM AND

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SWEENEY.

238
00:07:49,233 --> 00:07:50,666
>> PUBLIC WORKER BENEFITS.

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>> GOING ALL THE WAY BACK TO

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SWEENEY BEING ATTACKED BY THE

241
00:07:55,033 --> 00:07:58,833
NJEA DURING THE ELECTION AND

242
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MURPHY NOT DOING ANYTHING TO

243
00:07:59,966 --> 00:08:00,733
CALL THEM OFF.

244
00:08:00,733 --> 00:08:02,766
>> WHAT ABOUT THE PATH TO

245
00:08:02,766 --> 00:08:04,433
PROGRESS BEING ACTUALLY AN

246
00:08:04,433 --> 00:08:06,533
IMPEDIMENT TO PROGRESS?

247
00:08:06,533 --> 00:08:07,733
>> I THINK THAT THE PATH TO

248
00:08:07,733 --> 00:08:09,100
PROGRESS BILLS ARE COMING AND

249
00:08:09,100 --> 00:08:10,433
THEY'RE ALL GOING TO GET

250
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HEARINGS BUT I DON'T EVEN

251
00:08:12,166 --> 00:08:13,766
THINK -- SWEENEY SEES THEM ALL

252
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AS SOMETHING DONE BY THIS JUNE.

253
00:08:16,666 --> 00:08:18,166
THAT'S A LONG PROCESS AND SOME

254
00:08:18,166 --> 00:08:19,100
OF THAT MIGHT HAPPEN THIS YEAR

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AND SOME OF IT MIGHT HAPPEN THE

256
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FOLLOWING YEAR AND SOME OF IT

257
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MIGHT NEVER HAPPEN.

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BUT, YEAH, IT IS GOING TO BE

259
00:08:25,933 --> 00:08:27,366
PART OF THIS YEAR'S

260
00:08:27,366 --> 00:08:27,733
CONVERSATIONS.

261
00:08:27,733 --> 00:08:29,866
>> ARE THERE ANY OTHER STICKING

262
00:08:29,866 --> 00:08:33,033
POINTS IN THE BUDGET BESIDES THE

263
00:08:33,033 --> 00:08:33,466
MILLIONAIRE'S TAX?

264
00:08:33,466 --> 00:08:35,633
>> A LITTLE BIT ON THE SURPLUS.

265
00:08:35,633 --> 00:08:36,466
>> ON THE SURPLUS?

266
00:08:36,466 --> 00:08:37,700
>> THEY KEEP SAYING WELL MAYBE

267
00:08:37,700 --> 00:08:39,000
IT IS TOO BIG AND WE COULD USE

268
00:08:39,000 --> 00:08:40,166
SOME OF THAT MONEY --

269
00:08:40,166 --> 00:08:43,333
>> IT IS OVER A BILLION DOLLARS.

270
00:08:43,333 --> 00:08:45,100
FOR THE SECOND YEAR IN A ROW.

271
00:08:45,100 --> 00:08:46,066
FIRST TIME THAT EVER HAPPENED

272
00:08:46,066 --> 00:08:47,833
BECAUSE BUDGETS GROW OVER TIME

273
00:08:47,833 --> 00:08:48,533
AS WELL.

274
00:08:48,533 --> 00:08:48,800
>> RIGHT.

275
00:08:48,800 --> 00:08:51,866
>> THE TREASURER KEEPS SAY THAT

276
00:08:51,866 --> 00:08:55,866
OTHER STATES AND I'VE SAID IT AS

277
00:08:55,866 --> 00:08:59,933
WELL -- OTHER S HAVE SAID IT AS

278
00:08:59,933 --> 00:09:03,866
ALL, OTHER STATES PUT IT IN 8.4%

279
00:09:03,866 --> 00:09:05,000
OF THE BUDGET TOWARD SURPLUS AND

280
00:09:05,000 --> 00:09:05,800
I CAN'T BELIEVE THAT IS THE CASE

281
00:09:05,800 --> 00:09:08,900
AND OURS IS 3% AND WE CAN'T

282
00:09:08,900 --> 00:09:12,033
AFFORD TO LET IT GO UNDER 3% AND

283
00:09:12,033 --> 00:09:14,700
THE RATING AGENCIES IN NEW YORK

284
00:09:14,700 --> 00:09:16,200
WILL HOWL AND DROP OUR BOND

285
00:09:16,200 --> 00:09:18,333
RATING YET AGAIN.

286
00:09:18,333 --> 00:09:19,966
BUT IT SEEMS THAT A BILLION

287
00:09:19,966 --> 00:09:21,333
DOLLARS SURPLUS IS JUST SITTING

288
00:09:21,333 --> 00:09:25,366
THERE FOR A RAINY DAY AND MAYBE

289
00:09:25,366 --> 00:09:28,766
THE ALTERNATIVE, RAISING THE

290
00:09:28,766 --> 00:09:29,400
MILLIONAIRE'S TAX WOULD LOOK

291
00:09:29,400 --> 00:09:30,633
LIKE A RAINY DAY TO THE

292
00:09:30,633 --> 00:09:30,966
LEGISLATORS.

293
00:09:30,966 --> 00:09:32,133
>> OR MIGHT NOT BE SITTING

294
00:09:32,133 --> 00:09:34,066
THERE, TO GO BACK TO WHAT

295
00:09:34,066 --> 00:09:34,966
MICHAEL WAY SAYING.

296
00:09:34,966 --> 00:09:37,933
IT DEPENDS ON TAX COLLECTIONS.

297
00:09:37,933 --> 00:09:39,366
IF TAX COLLECTIONS TANK, YOU

298
00:09:39,366 --> 00:09:41,033
DON'T HAVE YOUR BILLION DOLLARS

299
00:09:41,033 --> 00:09:41,300
SURPLUS.

300
00:09:41,300 --> 00:09:41,633
>> GO AHEAD.

301
00:09:41,633 --> 00:09:44,066
>> THERE ARE LAWMAKERS TALKING

302
00:09:44,066 --> 00:09:46,966
ABOUT HOW NJ TRANSIT NEEDS MORE

303
00:09:46,966 --> 00:09:47,166
MONEY.

304
00:09:47,166 --> 00:09:50,066
SO THAT IS MORE THAN A COUPLE

305
00:09:50,066 --> 00:09:50,733
MILLION DOLLARS IF THEY'RE GOING

306
00:09:50,733 --> 00:09:52,600
TO FUND IT TO THE LEVEL THAT

307
00:09:52,600 --> 00:09:53,866
THEY THINK IS APPROPRIATE.

308
00:09:53,866 --> 00:09:54,866
SO THAT IS SOMETHING ELSE THAT

309
00:09:54,866 --> 00:09:58,000
COMES OUT OF THIS POTENTIAL

310
00:09:58,000 --> 00:09:58,266
SURPLUS.

311
00:09:58,266 --> 00:09:59,100
>> AND REPUBLICANS ALL OF A

312
00:09:59,100 --> 00:10:00,933
SUDDEN ARE SAYING WE SHOULD PUT

313
00:10:00,933 --> 00:10:04,866
MORE INTO PUBLIC SCHOOLS, JOHN

314
00:10:04,866 --> 00:10:07,300
DEMARROW THE OFFICER IN THE

315
00:10:07,300 --> 00:10:08,533
ASSEMBLY SAID WHY ARE WE

316
00:10:08,533 --> 00:10:10,133
SPENDING MONEY ON NEW THINGS

317
00:10:10,133 --> 00:10:12,766
LIKE PRE-K AND FREE COMMUNITY

318
00:10:12,766 --> 00:10:15,800
COLLEGE WHEN WE'RE NOT FUNDING

319
00:10:15,800 --> 00:10:18,366
THE SCHOOL FUNDING FORMULA.

320
00:10:18,366 --> 00:10:20,933
SCHOOL FUNDING IS A STICKING

321
00:10:20,933 --> 00:10:26,200
POINT EVEN THOUGH IT IS UP

322
00:10:26,200 --> 00:10:28,366
$200 MILLION, DEMAYO'S POINT IS

323
00:10:28,366 --> 00:10:32,166
LAST YEAR YOU ONLY RAISED IT AND

324
00:10:32,166 --> 00:10:33,500
WHY ONLY $200 MILLION THIS YEAR.

325
00:10:33,500 --> 00:10:34,966
>> AND AT THE PUBLIC HEARINGS

326
00:10:34,966 --> 00:10:36,300
THERE WERE WAVES OF SCHOOL

327
00:10:36,300 --> 00:10:37,300
SUPERINTENDENTS COMING TO

328
00:10:37,300 --> 00:10:38,100
TESTIFY FROM THE DISTRICTS THAT

329
00:10:38,100 --> 00:10:38,800
ARE LOSING MONEY.

330
00:10:38,800 --> 00:10:40,500
IT IS PART OF PUTTING NEW MONEY

331
00:10:40,500 --> 00:10:43,333
TO THE FORMULA, THERE ARE ALSO

332
00:10:43,333 --> 00:10:45,100
ADJUSTMENTS IN THE FORMULA SO I

333
00:10:45,100 --> 00:10:47,166
DON'T REMEMBER OFF THE TOP OF MY

334
00:10:47,166 --> 00:10:48,400
HEAD THE PERCENTAGE BUT

335
00:10:48,400 --> 00:10:49,666
DISTRICTS ARE GETTING LESS

336
00:10:49,666 --> 00:10:49,900
MONEY.

337
00:10:49,900 --> 00:10:51,600
>> NEARLY 200 DISTRICTS GETTING

338
00:10:51,600 --> 00:10:53,100
LESS MONEY AND PATTERSON CAME

339
00:10:53,100 --> 00:10:54,533
BEFORE THE COMMITTEE SAYING

340
00:10:54,533 --> 00:10:57,133
WE'RE GETTING SO MUCH LESS UNDER

341
00:10:57,133 --> 00:10:58,400
THIS NEW FORMULA THAT WE'RE

342
00:10:58,400 --> 00:11:01,933
GOING TO HAVE TO LAY OFF 232

343
00:11:01,933 --> 00:11:04,300
EMPLOYEES, 150 OF THEM TEACHERS,

344
00:11:04,300 --> 00:11:07,533
12 OR 13 PRINCIPALS.

345
00:11:07,533 --> 00:11:09,400
SO I THINK SCHOOL FUNDING IS

346
00:11:09,400 --> 00:11:12,300
ANOTHER AREA WE'RE GOING TO BE

347
00:11:12,300 --> 00:11:12,800
HEARING ABOUT.

348
00:11:12,800 --> 00:11:15,166
>> THOSE HEARINGS WERE PACKED

349
00:11:15,166 --> 00:11:17,033
WITH TEACHERS AND

350
00:11:17,033 --> 00:11:17,700
SUPERINTENDENTS AND PRINCIPALS

351
00:11:17,700 --> 00:11:19,500
SAYING IT IS GREAT YOU'RE

352
00:11:19,500 --> 00:11:21,033
PUTTING MORE MONEY INTO THIS

353
00:11:21,033 --> 00:11:21,900
OVERALL BUT BECAUSE OF THE

354
00:11:21,900 --> 00:11:23,466
CHANGES WE'RE LOSING OUT SO

355
00:11:23,466 --> 00:11:24,933
WE'RE NOT ACTUALLY HAPPY WITH

356
00:11:24,933 --> 00:11:26,700
HOW THIS FORMULA HAS CHANGED.

357
00:11:26,700 --> 00:11:29,666
>> MEANWHILE MIKE SIMMONS WROTE

358
00:11:29,666 --> 00:11:31,700
A BUDGET-RELATED PIECE A WEEK

359
00:11:31,700 --> 00:11:34,000
AND A HALF AGO THAT CAUGHT MY

360
00:11:34,000 --> 00:11:36,233
ATTENTION ABOUT HOMESTEAD

361
00:11:36,233 --> 00:11:37,366
REBATES, WHICH HAVE ALWAYS BEEN

362
00:11:37,366 --> 00:11:40,933
AN ICONIC ELEMENT OF STATE

363
00:11:40,933 --> 00:11:42,833
BUDGETS GOING BACK TO WHEN

364
00:11:42,833 --> 00:11:45,133
BENNOT VERN INVENTED THE

365
00:11:45,133 --> 00:11:47,033
HOMESTEAD REBATE BEFORE HIS

366
00:11:47,033 --> 00:11:48,966
ELECTION AND PEOPLE GOT A BIG

367
00:11:48,966 --> 00:11:50,600
CHECK IN THE MAIL TWO WEEKS

368
00:11:50,600 --> 00:11:52,433
BEFORE ELECTION DAY AND

369
00:11:52,433 --> 00:11:54,033
RE-ELECTED BRENDON BURN AND

370
00:11:54,033 --> 00:11:57,166
ALREADY LOOKED AT CLOSELY UNTIL

371
00:11:57,166 --> 00:11:58,033
RECENT YEARS WHERE IT IS GOING

372
00:11:58,033 --> 00:11:59,266
UNDER THE RADAR AND IT IS NOT

373
00:11:59,266 --> 00:12:01,800
THE PROGRAM IT USED TO BE.

374
00:12:01,800 --> 00:12:02,133
>> RIGHT.

375
00:12:02,133 --> 00:12:04,100
>> GIVE US THE FACTS ON THAT.

376
00:12:04,100 --> 00:12:07,400
>> AT ITS PEAK, AND I GUESS IT

377
00:12:07,400 --> 00:12:09,800
WAS JOHN CORZINE'S SECOND YEAR

378
00:12:09,800 --> 00:12:13,100
IT ACCOUNTS FOR ONE OF EVERY $15

379
00:12:13,100 --> 00:12:14,133
THE STATE GOVERNMENT SPENT THAT

380
00:12:14,133 --> 00:12:15,700
YEAR OUT OF ITS OWN BUDGET AND

381
00:12:15,700 --> 00:12:17,066
THEN THE UPCOMING BUDGET IS

382
00:12:17,066 --> 00:12:19,300
SUPPOSED TO BE ONE OUT OF EVERY

383
00:12:19,300 --> 00:12:20,733
$135 THE STATE SPENDS.

384
00:12:20,733 --> 00:12:22,400
DOESN'T MEAN THERE ARE NOT OTHER

385
00:12:22,400 --> 00:12:23,733
FORMS OF PROPERTY TAX RELIEF,

386
00:12:23,733 --> 00:12:24,800
BUT IT IS SCHOOL AID AND PICKING

387
00:12:24,800 --> 00:12:27,166
UP THE CONTRIBUTION TO THE

388
00:12:27,166 --> 00:12:32,600
TEACHERS PENSION FUND AND THINGS

389
00:12:32,600 --> 00:12:33,200
LIKE THAT BUT THE DIRECT AID

390
00:12:33,200 --> 00:12:33,833
THAT GOES OUT HAS -- BASICALLY

391
00:12:33,833 --> 00:12:34,433
THE CUT-OFF TO QUALIFY FOR

392
00:12:34,433 --> 00:12:36,666
HOMESTEAD REBATE, IF YOU ARE NOT

393
00:12:36,666 --> 00:12:38,933
A SENIOR CITIZEN, IS $75,000 IN

394
00:12:38,933 --> 00:12:40,733
INCOME AND THERE IS PLENTY OF

395
00:12:40,733 --> 00:12:43,300
FAMILIES THAT ARE SOLIDLY,

396
00:12:43,300 --> 00:12:45,133
SOLIDLY MIDDLE CLASS WHO BY THAT

397
00:12:45,133 --> 00:12:47,000
MEASURE ARE CONSIDERED RICH AND

398
00:12:47,000 --> 00:12:47,733
DON'T QUALITY.

399
00:12:47,733 --> 00:12:48,866
>> AND I DON'T THINK THE REBATE

400
00:12:48,866 --> 00:12:50,766
IS AS BIG AS IT USED TO BE.

401
00:12:50,766 --> 00:12:52,966
I REMEMBER DAYS WHEN VIRTUALLY

402
00:12:52,966 --> 00:12:53,633
EVERY MIDDLE CLASS HOMEOWNER IN

403
00:12:53,633 --> 00:12:55,400
THE STATE WAS GETTING A THOUSAND

404
00:12:55,400 --> 00:12:56,966
DOLLARS FROM THE STATE AND NOW

405
00:12:56,966 --> 00:12:59,933
WHAT DO THEY GET IN $335?

406
00:12:59,933 --> 00:13:02,366
>> ENOUGH TO GO OUT TO DINNER.

407
00:13:02,366 --> 00:13:04,166
>> THEY AVERAGE $400 IN THE

408
00:13:04,166 --> 00:13:05,500
COMING YEAR FOR THOSE WHO STILL

409
00:13:05,500 --> 00:13:06,166
QUALIFY FOR IT.

410
00:13:06,166 --> 00:13:08,566
SO YOU COULD ARGUE IT WAS AN

411
00:13:08,566 --> 00:13:09,800
INEFFECTIVE WAY OF DOING

412
00:13:09,800 --> 00:13:11,733
PROPERTY TAX RELIEF RATHER THAN

413
00:13:11,733 --> 00:13:13,333
TAKE MY MONEY AND WASH IT AND

414
00:13:13,333 --> 00:13:16,200
SEND IT BACK, JUST COLLECT IT.

415
00:13:16,200 --> 00:13:17,966
>> AND GOVERNOR CHRIS CHRISTIEI

416
00:13:17,966 --> 00:13:19,066
CHANGES THAT YOU DON'T GET A

417
00:13:19,066 --> 00:13:21,166
CHECK ANY MORE, IT IS APPLIED TO

418
00:13:21,166 --> 00:13:22,366
YOUR PROPERTY TAX BILL FROM

419
00:13:22,366 --> 00:13:23,600
THE -- SO YOU DON'T EVEN SEE IT.

420
00:13:23,600 --> 00:13:26,533
>> NOW THE HOMESTEAD CREDIT

421
00:13:26,533 --> 00:13:26,800
PROGRAM.

422
00:13:26,800 --> 00:13:27,066
>> RIGHT.

423
00:13:27,066 --> 00:13:28,600
YOU DON'T EVEN SEE THE CHECK.

424
00:13:28,600 --> 00:13:28,833
SO --

425
00:13:28,833 --> 00:13:30,233
>> IT IS CERTAINLY -- THAT WAS A

426
00:13:30,233 --> 00:13:33,333
GOOD GOVERNMENT MOVE BY CHRIS

427
00:13:33,333 --> 00:13:33,600
CHRISTIE.

428
00:13:33,600 --> 00:13:34,700
>> GOOD GOVERNMENT MOVE BUT

429
00:13:34,700 --> 00:13:36,766
DIDN'T MAKE PEOPLE HAPPY.

430
00:13:36,766 --> 00:13:38,300
>> IT LOST ITS EFFECTIVENESS AS

431
00:13:38,300 --> 00:13:39,466
A POLITICAL TOOL.

432
00:13:39,466 --> 00:13:40,133
>> ABSOLUTELY.

433
00:13:40,133 --> 00:13:42,266
>> YEAH.

434
00:13:42,266 --> 00:13:45,266
AND AGAIN, CHRISTIE DID THAT

435
00:13:45,266 --> 00:13:45,633
INTENTIONALLY.

436
00:13:45,633 --> 00:13:45,900
>> YEAH.

437
00:13:45,900 --> 00:13:47,033
>> TO HIS CREDIT.

438
00:13:47,033 --> 00:13:47,266
>> YES.

439
00:13:47,266 --> 00:13:47,600
>> OKAY.

440
00:13:47,600 --> 00:13:49,733
>> A LOT OF WHAT THE STATE DOES

441
00:13:49,733 --> 00:13:50,633
NOW HAS DIRECT --

442
00:13:50,633 --> 00:13:54,066
>> TO HIS CREDIT, THAT IS A PUN

443
00:13:54,066 --> 00:13:54,700
BY THE WAY.

444
00:13:54,700 --> 00:13:57,266
>> VERY GOOD, MICHAEL.

445
00:13:57,266 --> 00:13:58,333
>> A LOT OF DIRECT PROPERTY TAX

446
00:13:58,333 --> 00:14:00,800
RELIEF IS NOW ALLOWING --

447
00:14:00,800 --> 00:14:01,533
ENCOURAGING PEOPLE TO DEDUCT

448
00:14:01,533 --> 00:14:03,100
MORE OF THE PROPERTY TAXES WHEN

449
00:14:03,100 --> 00:14:05,766
THEY PAY INCOME TAXES AND SO IT

450
00:14:05,766 --> 00:14:07,366
IS -- IT IS DIRECT RELIEVE BUT

451
00:14:07,366 --> 00:14:08,633
IT IS ALSO HAS THE ADVANTAGE OF

452
00:14:08,633 --> 00:14:10,933
IT IS NOT MONEY THAT THE STATE

453
00:14:10,933 --> 00:14:13,166
TULLY SPENDS, IT IS A TAX

454
00:14:13,166 --> 00:14:14,833
EXPENDITURE THAT THE STATE

455
00:14:14,833 --> 00:14:15,833
FOREGOES INCOME BY ALLOWING YOU

456
00:14:15,833 --> 00:14:18,000
TO REDUCE YOUR INCOME TAX AND SO

457
00:14:18,000 --> 00:14:19,066
IT DOESN'T COUNT.

458
00:14:19,066 --> 00:14:21,500
WHEN WE SIGN A $38 BILLION

459
00:14:21,500 --> 00:14:25,033
BUDGET, THAT SPENDING ISN'T PART

460
00:14:25,033 --> 00:14:25,366
OF THAT $38.

461
00:14:25,366 --> 00:14:29,000
>> AND YOU SAY IT WAS 2-.2

462
00:14:29,000 --> 00:14:29,633
BILLION DOLLARS PROGRAM BACK

463
00:14:29,633 --> 00:14:30,633
WHEN AND NOW IT IS HOW MUCH IN

464
00:14:30,633 --> 00:14:32,133
THE BUDGET?

465
00:14:32,133 --> 00:14:34,600
>> ONCE YOU INCLUDE THE --

466
00:14:34,600 --> 00:14:36,700
WITH SENIORS AND THINGS, I WANT

467
00:14:36,700 --> 00:14:37,766
TO SAY IT IS -- I'LL GET IT

468
00:14:37,766 --> 00:14:39,233
WRONG AND REGRET THIS, BUT IT IS

469
00:14:39,233 --> 00:14:40,333
AROUND $500 MILLION.

470
00:14:40,333 --> 00:14:41,300
>> OKAY.

471
00:14:41,300 --> 00:14:42,800
LET'S MOVE ON.

472
00:14:42,800 --> 00:14:45,233
GOVERNOR MURPHY HAD A FULL WEEK.

473
00:14:45,233 --> 00:14:46,466
HE WAS IN LOS ANGELES MONDAY

474
00:14:46,466 --> 00:14:47,666
TALKING TO HOLLYWOOD EXECUTIVES

475
00:14:47,666 --> 00:14:50,133
ABOUT SHOOTING MORE FILMS HERE.

476
00:14:50,133 --> 00:14:52,366
HE GAVE AN INTERVIEW TO NJ

477
00:14:52,366 --> 00:14:54,000
SPOTLIGHT PUBLISHED THIS WEEK

478
00:14:54,000 --> 00:15:01,000
SAYING HE HAD NO BIG INITIATIVES

479
00:15:01,000 --> 00:15:01,233
PLANNED.

480
00:15:01,233 --> 00:15:01,866
JUST WANTED TO FOCUS ON TRANSIT,

481
00:15:01,866 --> 00:15:02,500
EDUCATION AND FIXING THE STATE'S

482
00:15:02,500 --> 00:15:02,766
FINANCES.

483
00:15:02,766 --> 00:15:03,466
HE DID AN EVENT ON THURSDAY TO

484
00:15:03,466 --> 00:15:04,433
UNDERSCORE THE ADDED FUNDING

485
00:15:04,433 --> 00:15:07,000
SLATED FOR EDUCATION IN HIS

486
00:15:07,000 --> 00:15:08,100
PROPOSED BUDGET.

487
00:15:08,100 --> 00:15:09,733
AND HE SAID THE CONGESTION

488
00:15:09,733 --> 00:15:10,633
PRICING PLAN THAT NEW YORK

489
00:15:10,633 --> 00:15:14,033
APPEARS TO BE ADOPTING IS UNFAIR

490
00:15:14,033 --> 00:15:14,966
TO NEW JERSEY.

491
00:15:14,966 --> 00:15:16,033
>> I HAVE STRONG CONCERNS

492
00:15:16,033 --> 00:15:17,366
STARTING WITH THE LACK OF

493
00:15:17,366 --> 00:15:20,466
SIGNALS FROM THE MTA THAT EITHER

494
00:15:20,466 --> 00:15:21,100
GEORGE WASHINGTON BRIDGE

495
00:15:21,100 --> 00:15:23,300
COMMUTERS WILL BE TREATED

496
00:15:23,300 --> 00:15:25,833
EQUALLY WITH COMMUTERS ENTERING

497
00:15:25,833 --> 00:15:27,066
MIDTOWN MANHATTAN VIA THE

498
00:15:27,066 --> 00:15:29,066
LINCOLN AND HOLLAND TUNNELS OR

499
00:15:29,066 --> 00:15:31,066
THAT NJ TRANSIT AND PASS WILL

500
00:15:31,066 --> 00:15:32,666
GET ADDITIONAL CAPITAL SUPPORT

501
00:15:32,666 --> 00:15:33,900
FROM CONGESTIVE PRICING.

502
00:15:33,900 --> 00:15:36,466
>> JOE, WHAT DO WE KNOW ABOUT

503
00:15:36,466 --> 00:15:38,633
WHAT IS ACTUALLY HAPPENING IN

504
00:15:38,633 --> 00:15:40,533
NEW YORK CITY AND WITH

505
00:15:40,533 --> 00:15:40,966
CONGESTION PRICING?

506
00:15:40,966 --> 00:15:43,233
>> WELL, IT SEEMS LIKE THIS IS A

507
00:15:43,233 --> 00:15:46,400
BONAFIDE EFFORT ON MURPHY'S PART

508
00:15:46,400 --> 00:15:47,366
FOR PEOPLE LOOKING IN NEW JERSEY

509
00:15:47,366 --> 00:15:50,033
AND WORKING IN NEW YORK AND

510
00:15:50,033 --> 00:15:51,733
DOESN'T WANT THEM DOUBLY TAXED,

511
00:15:51,733 --> 00:15:53,933
I DON'T THINK THAT IT WOULD GO

512
00:15:53,933 --> 00:15:55,700
OVER WELL FOR NEW JERSEYANS

513
00:15:55,700 --> 00:15:58,333
ALREADY PAYING PLENTY OF TAXES

514
00:15:58,333 --> 00:15:59,966
TO HAVE TO PAY THIS AGAIN.

515
00:15:59,966 --> 00:16:02,866
SO I THINK THERE WAS A REPORT IN

516
00:16:02,866 --> 00:16:04,100
MAYBE POLITICO TODAY THAT SAID

517
00:16:04,100 --> 00:16:06,566
MURPHY IS TRYING TO TALK TO NEW

518
00:16:06,566 --> 00:16:07,766
YORK GOVERNOR CUOMO ABOUT

519
00:16:07,766 --> 00:16:10,566
SOMEHOW FIGURING OUT IN A WAY

520
00:16:10,566 --> 00:16:11,733
THAT DOESN'T HURT DRIVERS HERE.

521
00:16:11,733 --> 00:16:13,333
>> DAVID, YOU LIVE CLOSE TO THE

522
00:16:13,333 --> 00:16:13,700
NEW YORK BORDER.

523
00:16:13,700 --> 00:16:15,366
WHAT IS THE POTENTIAL IMPACT ON

524
00:16:15,366 --> 00:16:16,100
NEW JERSEY?

525
00:16:16,100 --> 00:16:18,866
>> WELL, I THOUGHT IT WAS

526
00:16:18,866 --> 00:16:20,266
INTERESTING THAT JERSEY CITY

527
00:16:20,266 --> 00:16:21,933
MAYOR STEVEN PHILIP FLOATED THE

528
00:16:21,933 --> 00:16:23,133
IDEA THAT MAYBE THERE SHOULD BE

529
00:16:23,133 --> 00:16:25,000
A REVERSE TAX FOR NEW YORKERS

530
00:16:25,000 --> 00:16:28,666
WHO ARE VISITING INTO NEW

531
00:16:28,666 --> 00:16:29,466
JERSEY.

532
00:16:29,466 --> 00:16:30,933
I THINK THERE IS SO MANY

533
00:16:30,933 --> 00:16:31,933
DIFFERENT WAYS, RIGHT?

534
00:16:31,933 --> 00:16:34,866
BECAUSE IF CONGESTION PRICING

535
00:16:34,866 --> 00:16:36,200
SUCCEEDS AT GETTING PEOPLE OUT

536
00:16:36,200 --> 00:16:37,733
OF THEIR CARS, THEY'LL START

537
00:16:37,733 --> 00:16:39,633
HITTING THE RAILS AND NJ TRANSIT

538
00:16:39,633 --> 00:16:41,400
IS AT CAPACITY.

539
00:16:41,400 --> 00:16:42,566
AND THE PATH SYSTEM GOING INTO

540
00:16:42,566 --> 00:16:44,066
NEW YORK IS AT CAPACITY.

541
00:16:44,066 --> 00:16:46,800
SO NOT ONLY WILL YOU HAVE THOSE

542
00:16:46,800 --> 00:16:48,700
SYSTEMS EVEN MORE OVERBURDENED,

543
00:16:48,700 --> 00:16:50,100
BUT THEY'RE NOT GOING TO REAP

544
00:16:50,100 --> 00:16:52,600
ANY OF THE BENEFITS ECONOMICALLY

545
00:16:52,600 --> 00:16:54,100
FROM IT AND WE'LL HAVE TO PAY

546
00:16:54,100 --> 00:16:55,733
MORE TO INCREASE SERVICE OR

547
00:16:55,733 --> 00:16:58,100
SOMETHING ALONG THOSE LINES.

548
00:16:58,100 --> 00:17:01,766
>> SO YOU ALSO LIVE CLOSE TO THE

549
00:17:01,766 --> 00:17:02,766
NEW YORK BORDER.

550
00:17:02,766 --> 00:17:04,700
FROM WHAT I GATHER, FROM WHAT

551
00:17:04,700 --> 00:17:07,066
THE GOVERNOR IS SAYING, WE DON'T

552
00:17:07,066 --> 00:17:08,500
WANT GEORGE WASHINGTON BRIDGE

553
00:17:08,500 --> 00:17:10,200
COMMUTERS TO HAVE TO PAY THE

554
00:17:10,200 --> 00:17:14,466
TOLL AND THE CONGESTION

555
00:17:14,466 --> 00:17:14,766
SURCHARGE.

556
00:17:14,766 --> 00:17:15,066
>> RIGHT.

557
00:17:15,066 --> 00:17:17,033
>> DOES THAT MEAN THAT LINCOLN

558
00:17:17,033 --> 00:17:20,200
TUNNEL USERS AND HOLLAND TUNNEL

559
00:17:20,200 --> 00:17:21,233
USERS HAVE ALREADY BEEN EXEMPTED

560
00:17:21,233 --> 00:17:23,066
FROM HAVING TO PAY THAT?

561
00:17:23,066 --> 00:17:25,000
>> NO, I THINK IT IS THE OTHER

562
00:17:25,000 --> 00:17:25,600
WAY AROUND.

563
00:17:25,600 --> 00:17:27,600
THE TUNNEL PEOPLE WILL AND THE

564
00:17:27,600 --> 00:17:28,266
GEORGE WASHINGTON BRIDGE

565
00:17:28,266 --> 00:17:30,000
COMMUTERS WON'T PAY IT, WHICH

566
00:17:30,000 --> 00:17:31,800
STRIKES ME AS TOTALLY INSANE.

567
00:17:31,800 --> 00:17:32,733
IF YOU ARE GOING TO --

568
00:17:32,733 --> 00:17:34,433
>> EVERYBODY WILL GO TO THE

569
00:17:34,433 --> 00:17:34,666
BRIDGE.

570
00:17:34,666 --> 00:17:35,033
>> OF COURSE.

571
00:17:35,033 --> 00:17:36,633
AND THEN YOU'LL HAVE TOTAL

572
00:17:36,633 --> 00:17:36,900
CHAOS.

573
00:17:36,900 --> 00:17:37,900
>> WHICH YOU ALREADY HAVE.

574
00:17:37,900 --> 00:17:40,266
>> YOU ALREADY HAVE IT.

575
00:17:40,266 --> 00:17:42,666
IT HAS TO BE DONE EQUITABLY.

576
00:17:42,666 --> 00:17:43,900
BECAUSE THEY'RE SAYING THE

577
00:17:43,900 --> 00:17:46,133
CONGESTION PRICING IS ONLY FOR

578
00:17:46,133 --> 00:17:47,366
BELOW 60th STREET BUT IT DOESN'T

579
00:17:47,366 --> 00:17:50,033
TAKE A GENIUS TO FIGURE OUT IF

580
00:17:50,033 --> 00:17:52,166
GOW OVER THE GEORGE WASHINGTON

581
00:17:52,166 --> 00:17:52,800
BRIDGE YOU COULD BE AT 60th

582
00:17:52,800 --> 00:17:55,366
STREET VERY QUICKLY.

583
00:17:55,366 --> 00:17:56,866
OR MAYBE NOT SO QUICKLY IN THE

584
00:17:56,866 --> 00:17:57,100
MORNING.

585
00:17:57,100 --> 00:17:59,000
BUT IT HAS TO BE DONE EQUITABLY

586
00:17:59,000 --> 00:18:00,666
AND SOME OF THE BENEFIT HAS TO

587
00:18:00,666 --> 00:18:02,166
COME BACK TO NEW JERSEY, THE

588
00:18:02,166 --> 00:18:03,633
TRANSIT SYSTEM IN NEW JERSEY.

589
00:18:03,633 --> 00:18:06,233
>> IS THIS TOUCHING OFF A NEW

590
00:18:06,233 --> 00:18:08,866
ROUND OF NEW YORK/NEW JERSEY

591
00:18:08,866 --> 00:18:10,733
HOSTILITY OR WARFARE?

592
00:18:10,733 --> 00:18:12,166
>> WELL AT LEAST THE GOVERNORS

593
00:18:12,166 --> 00:18:13,033
GET ALONG WELL.

594
00:18:13,033 --> 00:18:14,533
SO THAT IS A POSITIVE THING.

595
00:18:14,533 --> 00:18:16,100
BUT THE FACT THAT THEY'RE BOTH

596
00:18:16,100 --> 00:18:17,833
DEMOCRATS MEANS THAT THEY'LL

597
00:18:17,833 --> 00:18:20,233
SOMEHOW SCREW THAT UP, I THINK.

598
00:18:20,233 --> 00:18:20,533
[ LAUGHTER ]

599
00:18:20,533 --> 00:18:22,300
>> WE'VE SEEN THAT MOVIE BEFORE.

600
00:18:22,300 --> 00:18:24,100
>> EXACTLY.

601
00:18:24,100 --> 00:18:25,633
>> I GUESS THERE IS -- THERE IS

602
00:18:25,633 --> 00:18:27,500
THAT POSSIBILITY.

603
00:18:27,500 --> 00:18:31,100
THERE IS ALSO -- IF HIGH TAXES

604
00:18:31,100 --> 00:18:31,900
INFLUENCE BEHAVIOR, THEN MAYBE

605
00:18:31,900 --> 00:18:34,166
THERE IS A WAY FOR NEW JERSEY TO

606
00:18:34,166 --> 00:18:37,500
TRY TO TURN THIS INTO A BENEFIT

607
00:18:37,500 --> 00:18:40,400
FOR -- ENCOURAGING PEOPLE TO

608
00:18:40,400 --> 00:18:41,033
FIND JOBS ON THE JERSEY SIDE OF

609
00:18:41,033 --> 00:18:45,466
THE RIVER AND IF YOU SITE

610
00:18:45,466 --> 00:18:48,066
YOURSELF IN SUSSEX YOU COULD

611
00:18:48,066 --> 00:18:48,366
BENEFIT --

612
00:18:48,366 --> 00:18:50,000
>> AND ANOTHER BENEFIT IS THE

613
00:18:50,000 --> 00:18:51,366
ORIGINAL REASON FOR DOING THIS

614
00:18:51,366 --> 00:18:54,333
WHICH IS TO UNCLOG THE STREETS

615
00:18:54,333 --> 00:18:59,000
OF MANHATTAN TO SOME EXTENT.

616
00:18:59,000 --> 00:18:59,933
AND WHAT ELSE?

617
00:18:59,933 --> 00:19:02,633
WHAT ARE THE OTHER -- AND I'M

618
00:19:02,633 --> 00:19:07,100
SORRY, AND TO FIX THE SUBWAYS.

619
00:19:07,100 --> 00:19:08,100
THE NEW YORK CITY SUBWAYS ARE

620
00:19:08,100 --> 00:19:08,833
NOT IN GOOD SHAPE.

621
00:19:08,833 --> 00:19:10,433
>> THAT IS WHERE THE BULK OF THE

622
00:19:10,433 --> 00:19:11,000
MONEY WOULD GO.

623
00:19:11,000 --> 00:19:12,900
>> I THINK THAT IS A MAJOR

624
00:19:12,900 --> 00:19:13,366
FALLACY.

625
00:19:13,366 --> 00:19:15,433
IF YOU THINK THAT CONGESTION

626
00:19:15,433 --> 00:19:17,966
PRICING IS GOING TO EASE TRAFFIC

627
00:19:17,966 --> 00:19:20,633
IN MANHATTAN DURING THE DAY

628
00:19:20,633 --> 00:19:22,266
BELOW 60th STREET, YOU'RE CRAZY.

629
00:19:22,266 --> 00:19:24,833
WILL THAT MONEY GO TOWARD

630
00:19:24,833 --> 00:19:27,800
IMPROVEMENTS IN THE SUBWAY

631
00:19:27,800 --> 00:19:28,033
SYSTEM?

632
00:19:28,033 --> 00:19:28,266
PERHAPS.

633
00:19:28,266 --> 00:19:30,000
BUT WHEN ARE YOU GOING TO SEE

634
00:19:30,000 --> 00:19:30,533
THAT HAPPEN?

635
00:19:30,533 --> 00:19:32,100
THEY'RE SUPPOSED TO BE BUILDING

636
00:19:32,100 --> 00:19:33,666
A SECOND AVENUE SUBWAY OVER

637
00:19:33,666 --> 00:19:34,500
THERE AS WELL.

638
00:19:34,500 --> 00:19:36,800
SO I MEAN, THERE IS CERTAINLY

639
00:19:36,800 --> 00:19:38,733
THE POTENTIAL FOR IMPROVEMENTS

640
00:19:38,733 --> 00:19:41,066
FOR PEOPLE IN MANHATTAN AND THEN

641
00:19:41,066 --> 00:19:42,966
IN THEORY THOSE OF US FROM

642
00:19:42,966 --> 00:19:45,466
JERSEY WHO VISIT MANHATTAN BUT I

643
00:19:45,466 --> 00:19:46,733
THINK THAT -- IT IS LIKE ALL OF

644
00:19:46,733 --> 00:19:49,000
THE TRANSIT SYSTEMS, I TAKE THE

645
00:19:49,000 --> 00:19:51,066
LIGHT RAIL IN JERSEY CITY AND

646
00:19:51,066 --> 00:19:53,166
THE DEVELOPMENT IN JERSEY CITY

647
00:19:53,166 --> 00:19:55,166
IS MAKING THE LIGHT RAIL ALMOST

648
00:19:55,166 --> 00:19:57,100
UNCOMFORTABLE IN THE MORNING.

649
00:19:57,100 --> 00:19:59,066
IT IS LIKE THEY DESIGN THE

650
00:19:59,066 --> 00:20:00,200
TRANSIT SYSTEMS TO BECOME

651
00:20:00,200 --> 00:20:02,266
IMMEDIATELY OVERBURDENED.

652
00:20:02,266 --> 00:20:04,333
IT'S RAILLY KIND OF VERY WEIRD

653
00:20:04,333 --> 00:20:06,100
THE WAY THEY DO THAT.

654
00:20:06,100 --> 00:20:07,600
>> MEANWHILE, A POLL CAME OUT

655
00:20:07,600 --> 00:20:10,600
THIS WEEK, WE SAW WHAT IT SAID

656
00:20:10,600 --> 00:20:11,200
ABOUT THE MILLIONAIRE'S TAX.

657
00:20:11,200 --> 00:20:13,300
IT ALSO ASKED ABOUT GOVERNOR

658
00:20:13,300 --> 00:20:18,866
MURPHY'S JOB APPROVAL.

659
00:20:18,866 --> 00:20:20,133
52% APPROVED.

660
00:20:20,133 --> 00:20:24,466
THIS IS A RECORD IN FDU POLL,

661
00:20:24,466 --> 00:20:27,300
52% APPROVE OF MURPHY'S JOB

662
00:20:27,300 --> 00:20:28,600
PERFORMANCE, 43% DISAPPROVE.

663
00:20:28,600 --> 00:20:30,466
JOE, HOW DOES THAT -- HOW DOES

664
00:20:30,466 --> 00:20:32,133
THAT STRIKE YOU IF YOU ARE

665
00:20:32,133 --> 00:20:34,433
WORKING FOR GOVERNOR MURPHY?

666
00:20:34,433 --> 00:20:35,000
NOT THAT YOU ARE.

667
00:20:35,000 --> 00:20:36,233
>> I'M NOT.

668
00:20:36,233 --> 00:20:39,533
BUT THINK IT IS A MIXED BAG.

669
00:20:39,533 --> 00:20:41,066
BECAUSE THE -- HIS APPROVAL

670
00:20:41,066 --> 00:20:43,633
RATING WENT UP ABOVE 50% AND

671
00:20:43,633 --> 00:20:45,200
THINK THE LAST APPROVAL RATING

672
00:20:45,200 --> 00:20:47,766
WAS A LITTLE BIT BELOW 50% IF

673
00:20:47,766 --> 00:20:48,933
I'M NOT MISTAKEN WHICH IS A GOOD

674
00:20:48,933 --> 00:20:51,266
THING BUT THE POLL ALSO NOTED

675
00:20:51,266 --> 00:20:53,500
THAT THE DISAPPROVAL RATING

676
00:20:53,500 --> 00:20:54,666
JUMPED BY DOUBLE-DIGITS SINCE

677
00:20:54,666 --> 00:20:56,133
THE FALL.

678
00:20:56,133 --> 00:20:58,400
SO THERE ARE MORE PEOPLE WHO ARE

679
00:20:58,400 --> 00:20:59,866
APPROVING OF WHAT HE'S DOING,

680
00:20:59,866 --> 00:21:01,433
BRINGS HIM OVER THAT HALF WAY

681
00:21:01,433 --> 00:21:02,566
THRESHOLD BUT THERE IS ALSO A

682
00:21:02,566 --> 00:21:03,966
LOT MORE PEOPLE WHO ARE SAYING,

683
00:21:03,966 --> 00:21:05,166
WE DON'T APPROVE OF THIS.

684
00:21:05,166 --> 00:21:08,500
>> MIKE SIMMONS, GO AHEAD --

685
00:21:08,500 --> 00:21:08,700
NICK.

686
00:21:08,700 --> 00:21:09,700
>> AND THE RIGHT TRACK AND WRONG

687
00:21:09,700 --> 00:21:12,000
TRACK NUMBERS ARE COMPLETELY

688
00:21:12,000 --> 00:21:13,533
UPSIDE DOWN.

689
00:21:13,533 --> 00:21:13,766
42/58.

690
00:21:13,766 --> 00:21:15,166
>> I WAS ABOUT TO SAY THAT IF

691
00:21:15,166 --> 00:21:16,833
YOU ARE RIGHT SIDE UP AND YOU'RE

692
00:21:16,833 --> 00:21:18,600
OVER 50% YOU'RE DOING OKAY.

693
00:21:18,600 --> 00:21:20,633
>> THE STATE IS ON THE WRONG

694
00:21:20,633 --> 00:21:21,433
TRACK.

695
00:21:21,433 --> 00:21:21,866
58%.

696
00:21:21,866 --> 00:21:23,100
I THINK MUCH OF THAT HAS TO DO

697
00:21:23,100 --> 00:21:26,100
WITH MURPHY'S PERSONAL

698
00:21:26,100 --> 00:21:30,166
LAUGHABLE, THE 52%.

699
00:21:30,166 --> 00:21:31,766
>> HE'S REALLY A VICTIM OF

700
00:21:31,766 --> 00:21:32,700
NUANCE, YOU KNOW, BECAUSE SOME

701
00:21:32,700 --> 00:21:34,600
OF THE STUFF THAT HE'S TALKING

702
00:21:34,600 --> 00:21:36,900
ABOUT REQUIRES THAT YOU TAKE A

703
00:21:36,900 --> 00:21:38,000
THOUGHTFUL APPROACH TO

704
00:21:38,000 --> 00:21:40,300
UNDERSTANDING THIS SORT OF

705
00:21:40,300 --> 00:21:41,000
STUFF.

706
00:21:41,000 --> 00:21:43,900
AS OPPOSED TO HIS PREDECESSOR

707
00:21:43,900 --> 00:21:45,666
WHO WAS LIKE DO THIS THIS WAY.

708
00:21:45,666 --> 00:21:47,400
>> WHAT DO YOU THINK ABOUT WHAT

709
00:21:47,400 --> 00:21:49,466
HE TOLD NJ SPOTLIGHT, WHICH I

710
00:21:49,466 --> 00:21:51,166
HAVE NO BIG INITIATIVES PLANNED

711
00:21:51,166 --> 00:21:52,333
FOR THIS YEAR.

712
00:21:52,333 --> 00:21:54,766
LET'S FIX TRANSIT AND LET'S

713
00:21:54,766 --> 00:21:55,866
INVEST IN EDUCATION AND WORK ON

714
00:21:55,866 --> 00:21:58,000
THE STATE'S FINANCES.

715
00:21:58,000 --> 00:22:01,066
>> I MEAN, WELL FIRST OFF YOU

716
00:22:01,066 --> 00:22:02,466
SHOULDN'T RUN OUT OF IDEAS IN

717
00:22:02,466 --> 00:22:03,533
YOUR SECOND YEAR.

718
00:22:03,533 --> 00:22:06,966
I'M NOT SAYING THAT HE HAS.

719
00:22:06,966 --> 00:22:07,233
>> THANKS.

720
00:22:07,233 --> 00:22:09,333
GO BACK TO THE STATE --

721
00:22:09,333 --> 00:22:11,133
>> BUT ALTHOUGH HONESTLY IF

722
00:22:11,133 --> 00:22:13,233
PEOPLE ARE HAPPY WITH NEW JERSEY

723
00:22:13,233 --> 00:22:16,366
TRANSIT, BY THE END OF THE FIRST

724
00:22:16,366 --> 00:22:18,000
TERM, HE'LL HAVE ACCOMPLISHED

725
00:22:18,000 --> 00:22:18,266
SOMETHING.

726
00:22:18,266 --> 00:22:19,800
IT IS NOD A BAD THING.

727
00:22:19,800 --> 00:22:21,000
IF YOU ARE GOING TO FOCUS ON

728
00:22:21,000 --> 00:22:22,833
DOING THINGS WELL THAT IS A GOOD

729
00:22:22,833 --> 00:22:23,166
ONE TO PICK.

730
00:22:23,166 --> 00:22:24,466
>> OTHER THOUGHTS?

731
00:22:24,466 --> 00:22:25,800
>> I THINK THAT IS PART OF WHAT

732
00:22:25,800 --> 00:22:26,633
I WAS SAYING ABOUT BEING A

733
00:22:26,633 --> 00:22:28,466
VICTIM OF NUANCE.

734
00:22:28,466 --> 00:22:29,800
YEAH, IF YOU IMPROVE NEW JERSEY

735
00:22:29,800 --> 00:22:30,966
TRANSIT OVER THAT FOUR-YEAR

736
00:22:30,966 --> 00:22:32,100
PERIOD, THAT IS GOING TO BE A

737
00:22:32,100 --> 00:22:33,700
PRETTY GOOD THING THAT YOU DID.

738
00:22:33,700 --> 00:22:35,266
BUT ARE PEOPLE GOING TO NOTICE

739
00:22:35,266 --> 00:22:36,166
THAT REALLY?

740
00:22:36,166 --> 00:22:37,466
AND IS THAT SOMETHING THAT IS

741
00:22:37,466 --> 00:22:38,966
REALLY GOING TO EXCITE PEOPLE?

742
00:22:38,966 --> 00:22:40,166
>> ONE THING THAT PEOPLE WOULD

743
00:22:40,166 --> 00:22:42,466
HAVE NOTICED WAS IF WE HAD

744
00:22:42,466 --> 00:22:43,400
LEGALIZED MARIJUANA LAST WEEK,

745
00:22:43,400 --> 00:22:45,466
WHICH WE DID NOT DO.

746
00:22:45,466 --> 00:22:47,066
THE EFFORT TO LEGALIZE MARIJUANA

747
00:22:47,066 --> 00:22:48,400
SUFFERED A SETBACK.

748
00:22:48,400 --> 00:22:50,900
THE VOTES WERE NOT THERE TO PASS

749
00:22:50,900 --> 00:22:52,266
IT IN THE SENATE.

750
00:22:52,266 --> 00:22:55,500
MIKE SIMMONS, WHAT IS NEXT FOR

751
00:22:55,500 --> 00:22:55,766
MARIJUANA?

752
00:22:55,766 --> 00:22:57,066
>> THEY'RE REALLY PUSHING HARD

753
00:22:57,066 --> 00:22:58,733
FOR A VOTE IN MAY BECAUSE IF IT

754
00:22:58,733 --> 00:23:01,166
DOESN'T HAPPEN IN MAY, IT WON'T

755
00:23:01,166 --> 00:23:02,033
HAPPEN UNTIL THE END OF THE YEAR

756
00:23:02,033 --> 00:23:04,166
AT THE EARLIEST.

757
00:23:04,166 --> 00:23:05,200
SO I DON'T KNOW THAT THEY'RE

758
00:23:05,200 --> 00:23:07,433
GOING TO GET THERE.

759
00:23:07,433 --> 00:23:09,500
AND THE LAWMAKERS ARE SAYING

760
00:23:09,500 --> 00:23:12,400
THAT THIS IDEA OF, WELL WE'RE

761
00:23:12,400 --> 00:23:13,300
EXPAND MEDICAL MARIJUANA

762
00:23:13,300 --> 00:23:14,500
QUICKLY, IF WE DON'T THEY SAY

763
00:23:14,500 --> 00:23:16,766
THAT IS HURTING THE RECRUITING

764
00:23:16,766 --> 00:23:18,033
EFFORTS AND IN TERMS OF TRYING

765
00:23:18,033 --> 00:23:18,966
TO ROUND UP VOTES.

766
00:23:18,966 --> 00:23:20,733
SO I THINK IT IS GOING TO BE

767
00:23:20,733 --> 00:23:22,066
JUST -- IF IT GETS THERE, IT IS

768
00:23:22,066 --> 00:23:23,966
JUST AS NARROW IN MAY AS IT WAS

769
00:23:23,966 --> 00:23:24,600
IN MARCH.

770
00:23:24,600 --> 00:23:26,566
>> 30 SECONDS.

771
00:23:26,566 --> 00:23:26,866
SOMEBODY.

772
00:23:26,866 --> 00:23:29,166
IS IT EVER GOING TO GET THERE?

773
00:23:29,166 --> 00:23:31,200
>> IT WILL L HAVE TO GO TO A

774
00:23:31,200 --> 00:23:31,400
VOTE.

775
00:23:31,400 --> 00:23:32,366
>> A REFERENDUM.

776
00:23:32,366 --> 00:23:37,166
>> IT WILL HAVE TO GO TO A

777
00:23:37,166 --> 00:23:37,466
REFERENDUM.

778
00:23:37,466 --> 00:23:37,733
>> YEAH.

779
00:23:37,733 --> 00:23:38,200
>> WE AGREE ON THAT.

780
00:23:38,200 --> 00:23:40,600
LET'S TURN TO YOUR JOURNALISTIC

781
00:23:40,600 --> 00:23:41,433
HIGH POINTS OF THE WEEK.

782
00:23:41,433 --> 00:23:41,633
DAVID?

783
00:23:41,633 --> 00:23:48,833
>> WELL IT WAS PROBABLY IN

784
00:23:48,833 --> 00:23:50,900
NEWARK, AN OBIT FOR KEN GIBSON

785
00:23:50,900 --> 00:23:55,500
AND TALKING TO OLD TIMERS AND

786
00:23:55,500 --> 00:23:56,933
REALIZING THAT KEN GIBSON WAS

787
00:23:56,933 --> 00:23:57,800
THE FATHER OF THE BLACK

788
00:23:57,800 --> 00:23:59,566
POLITICAL ESTABLISHMENT IN NOT

789
00:23:59,566 --> 00:24:00,833
ONLY NEWARK BUT ALL OF ESSEX

790
00:24:00,833 --> 00:24:03,366
COUNTY AND THAT IS HIS LEGACY.

791
00:24:03,366 --> 00:24:06,266
>> MIKE SIMMONS.

792
00:24:06,266 --> 00:24:06,866
>> IT IS NOT JOURNALIST BUT

793
00:24:06,866 --> 00:24:08,800
GOVERNOR MURPHY AND THE FIRST

794
00:24:08,800 --> 00:24:09,866
LADY WILL ATTEND THE

795
00:24:09,866 --> 00:24:13,166
CORRESPONDENT'S CLUB, WE GOT AN

796
00:24:13,166 --> 00:24:14,066
RSVP THIS WEEK.

797
00:24:14,066 --> 00:24:16,400
THIS IS MY HIGHLIGHT TO GET YOUR

798
00:24:16,400 --> 00:24:16,733
TICKETS NOW.

799
00:24:16,733 --> 00:24:18,166
>> WHEN --

800
00:24:18,166 --> 00:24:20,066
>> MAY 8th.

801
00:24:20,066 --> 00:24:21,433
>> JOE.

802
00:24:21,433 --> 00:24:22,633
>> I'LL GO NATIONAL.

803
00:24:22,633 --> 00:24:26,966
THERE IS A USDA OF ALL STATE

804
00:24:26,966 --> 00:24:27,400
HO

805
00:24:27,400 --> 00:24:28,133
HOUSES IN THE COUNTRY AND

806
00:24:28,133 --> 00:24:30,433
LOOKING AT WHO WRITES BILL AND

807
00:24:30,433 --> 00:24:32,533
THERE IS LIBERAL AND

808
00:24:32,533 --> 00:24:35,033
CONSERVATIVE GROUPS AND A LOT

809
00:24:35,033 --> 00:24:38,833
WRITTEN BY ICHBDUSTRY.

810
00:24:38,833 --> 00:24:40,900
>> AND I'M BEEN AFFECTED OF THE

811
00:24:40,900 --> 00:24:42,800
MERGER BETWEEN NJTV AND

812
00:24:42,800 --> 00:24:46,066
SPOTLIGHT PUSHING STORIES ON THE

813
00:24:46,066 --> 00:24:48,700
NEWS AND I THINK HAD T HAS BEEN

814
00:24:48,700 --> 00:24:49,066
WORKING WELL.

815
00:24:49,066 --> 00:24:50,066
>> GLAD YOU THINK SO.

816
00:24:50,066 --> 00:24:51,766
WE DO TOO.

817
00:24:51,766 --> 00:24:53,266
AND I WOULD LIKE TO GET BACK TO

818
00:24:53,266 --> 00:24:55,066
KEN GIBSON.

819
00:24:55,066 --> 00:24:55,900
HE WAS THE FIRST

820
00:24:55,900 --> 00:24:57,033
AFRICAN-AMERICAN POLITICIAN TO

821
00:24:57,033 --> 00:24:59,333
RUN FOR GOVERNOR OF NEW JERSEY

822
00:24:59,333 --> 00:25:04,066
AND IN A FIVE-MAN FIELD IN 1985

823
00:25:04,066 --> 00:25:06,033
HE FINISHED THIRD, WHICH WAS

824
00:25:06,033 --> 00:25:07,700
PRETTY GOOD AND FINISHED THIRD

825
00:25:07,700 --> 00:25:12,966
IN THE PRIMARY IN '81 IN A TEN

826
00:25:12,966 --> 00:25:14,433
OR 11-MAN FIELD.

827
00:25:14,433 --> 00:25:16,366
HE WAS A GENTLEMAN.

828
00:25:16,366 --> 00:25:17,600
A GENTLE SPIRIT AND YOU DID A

829
00:25:17,600 --> 00:25:19,333
GOOD JOB WITH CAPTURING THAT

830
00:25:19,333 --> 00:25:19,600
YESTERDAY.

831
00:25:19,600 --> 00:25:24,066
>>> UP NEXT ON NJTV, "ON THE

832
00:25:24,066 --> 00:25:26,900
RECORD," THIS WEEK ASSEMBLYMAN

833
00:25:26,900 --> 00:25:28,533
JOHN McKIAN AND JOHN BRAMNICK.

834
00:25:28,533 --> 00:25:32,566
OUR PROGRAMS ARE AVAILABLE ON

835
00:25:32,566 --> 00:25:36,266
OUR WEBSITE, NJ TV ONLINE.ORG

836
00:25:36,266 --> 00:25:38,166
AND FIND US ON FACEBOOK, TWITTER

837
00:25:38,166 --> 00:25:38,966
AND YOUTUBE.

838
00:25:38,966 --> 00:25:39,566
I'M MICHAEL ARON, THANKS FOR

839
00:25:39,566 --> 00:25:46,833
WATCHING.

840
00:25:46,833 --> 00:25:48,833
>> MAJOR FUNDING FOR "REPORTERS

841
00:25:48,833 --> 00:25:49,466
ROUNDTABLE" WITH MICHAEL ARON IS

842
00:25:49,466 --> 00:25:50,533
PROVIDED BY NEW JERSEY REALTORS.

843
00:25:50,533 --> 00:25:51,166
THE VOICE FOR REAL ESTATE IN NEW

844
00:25:51,166 --> 00:25:51,666
JERSEY.

845
00:25:51,666 --> 00:25:53,700
MORE INFORMATION IS ONLINE AT

846
00:25:53,700 --> 00:25:55,933
NJREALTOR.COM.

847
00:25:55,933 --> 00:25:58,233
RWJ BARNABAS HEALTH.

848
00:25:58,233 --> 00:26:01,400
LET'S BE HEALTHY TOGETHER.

849
00:26:01,400 --> 00:26:01,966
AND BY MJM INSURANCE GROUP.

850
00:26:01,966 --> 00:26:05,400
SERVING THE INSURANCE NEEDS OF

851
00:26:05,400 --> 00:26:06,000
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852
00:26:06,000 --> 00:26:07,933
MORE THAN 100 YEARS.

853
00:26:07,933 --> 00:26:09,933
PROMOTIONAL SUPPORT PROVIDED BY

854
00:26:09,933 --> 00:26:11,933
NEW JERSEY BUSINESS MAGAZINE,

855
00:26:11,933 --> 00:26:13,633
THE MAGAZINE OF THE NEW JERSEY

856
00:26:13,633 --> 00:26:15,066
BUSINESS AND INDUSTRY

857
00:26:15,066 --> 00:26:17,033
ASSOCIATION.

858
00:26:17,033 --> 00:26:19,066
REPORTING TO EXECUTIVES AND

859
00:26:19,066 --> 00:26:21,033
LEGISLATIVE LEADERS IN ALL 21

860
00:26:21,033 --> 00:26:21,633
COUNTIES OF THE GARDEN STATE

861
00:26:21,633 --> 00:26:35,066
SINCE 1954.

862
00:26:35,066 --> 00:26:37,333
♪

863
00:26:37,333 --> 00:26:37,866
♪

864
00:26:37,866 --> 00:26:45,166
♪