Gov. Corzine looks for ideas to help economy

Gov. Jon Corzine admits the weakening economy is making him nervous, but he isn?t about to sit back and watch things deteriorate. Corzine is looking for ideas wherever he can. The governor met with about

News 12 Staff

Mar 15, 2008, 9:53 PM

Updated 5,893 days ago

Share:

Gov. Corzine looks for ideas to help economy
Gov. Jon Corzine admits the weakening economy is making him nervous, but he isn?t about to sit back and watch things deteriorate.
Corzine is looking for ideas wherever he can. The governor met with about 15 people Saturday afternoon at a Princeton mansion to discuss suggestions for improving the state?s economy. The 15 people were selected from a pool of about 1,800 based on suggestions they made to the governor?s Web site on how to cut spending.
According to Corzine, the big problem is property taxes. Bill Zervos agrees. Zervos wants Corzine to freeze property taxes across the board. To do so, he suggests getting rid of municipalities and moving toward a county style of government.
However, tax cuts won't really help as Corzine is already proposing $3 billion in cuts that will affect property tax rebates. Myra Wolgamuth thinks the rebates should be eliminated all together.
"Why don't they just take that money ? and put it into something that is needed," she says.
The roundtable discussion offered up some interesting ideas, such as four-day work weeks for state employees, a benefit concert to raise revenues, rounding off sales to the dollar and using the extra pennies for education. Meantime, the governor is warning of further cuts in state services.
The governor says he liked the suggestions he heard, but stressed that we are in the midst of a recession. He plans to fine tune his proposed budget in April and May.
Analysts say locals shouldn?t be surprised if the governor swings the budget ax some more.


More from News 12
2:32
Keeping kids safe: Youth curfew now in effect for the city of Newark

Keeping kids safe: Youth curfew now in effect for the city of Newark

1:46
Officials: Man killed in house explosion in South River identified as retired Newark officer

Officials: Man killed in house explosion in South River identified as retired Newark officer

2:16
Cloudy skies overnight; rainy weekend ahead for New Jersey

Cloudy skies overnight; rainy weekend ahead for New Jersey

0:42
NJ lawmakers criticize how Rutgers officials negotiated with pro-Palestinian protesters

NJ lawmakers criticize how Rutgers officials negotiated with pro-Palestinian protesters

0:28
Special election to be held to fill late Rep. Donald Payne’s seat in Congress

Special election to be held to fill late Rep. Donald Payne’s seat in Congress

0:27
Prosecutor: 2 people seriously injured in 3-car crash; driver charged with drunk driving

Prosecutor: 2 people seriously injured in 3-car crash; driver charged with drunk driving

0:42
Jersey Proud: Army ROTC students from Rutgers, Seton Hall and Princeton train together

Jersey Proud: Army ROTC students from Rutgers, Seton Hall and Princeton train together

0:30
Police: New York man pointed knife at pro-Palestinian protester in Teaneck

Police: New York man pointed knife at pro-Palestinian protester in Teaneck

0:27
Officials: Paterson man threatened to ‘shoot up’ JFK Int’l Airport

Officials: Paterson man threatened to ‘shoot up’ JFK Int’l Airport

2:02
Authorities: Major fire displaces 20 people from 9 families in Elizabeth

Authorities: Major fire displaces 20 people from 9 families in Elizabeth

1:04
Hillsborough school officials vote to end middle school sports, make staff cuts amid budget cuts

Hillsborough school officials vote to end middle school sports, make staff cuts amid budget cuts

0:49
Bridgewater-Raritan School District waives fees to participate in clubs, sports

Bridgewater-Raritan School District waives fees to participate in clubs, sports

0:39
Officials: 3 pedestrians, including 2 children, struck by NYC-based news van in Elizabeth

Officials: 3 pedestrians, including 2 children, struck by NYC-based news van in Elizabeth

0:28
GoFundMe started for 6-month-old boy and his grandfather killed by fallen tree in Verona

GoFundMe started for 6-month-old boy and his grandfather killed by fallen tree in Verona

0:40
Main Street New Jersey: Restaurants, businesses to visit in Edgewater

Main Street New Jersey: Restaurants, businesses to visit in Edgewater

3:21
Bridge over section of I-95 in process of being demolished due to damage from truck fire

Bridge over section of I-95 in process of being demolished due to damage from truck fire

1:12
Several house fires break out Thursday in New Jersey; 1 man dead

Several house fires break out Thursday in New Jersey; 1 man dead

0:18
South Brunswick police searching for missing man last seen on Route 1

South Brunswick police searching for missing man last seen on Route 1

0:23
South Orange woman indicted for stealing over $1 million federal benefits intended for dead aunt

South Orange woman indicted for stealing over $1 million federal benefits intended for dead aunt

1:26
Look up! Annual Eta Aquarid meteor shower peaks early Sunday morning

Look up! Annual Eta Aquarid meteor shower peaks early Sunday morning