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CABLE TELEVISION NETWORK OF NEW JERSEY: GOV. FLORIO DISCUSSES THE FINANCIAL CONSEQUENCES OF BUDGET

 CABLE TELEVISION NETWORK OF NEW JERSEY: GOV. FLORIO DISCUSSES
 THE FINANCIAL CONSEQUENCES OF BUDGET
 TRENTON, N.J., July 8 /PRNewswire/ -- Gov. Jim Florio discussed the financial consequences of the recently adopted state budget to taxpayers and state employees on this week's edition of Cable Television Network's (CTN) "State of the State."
 "The people in this state are not going to receive property tax relief," Florio said about the cuts to the homestead rebate program. He speculated that taxpayers would pay in the long run for the penny reduction of the sales tax through the absence and reduction of property tax rebate checks and increased local taxes to fund needed services and programs.
 Florio said that it is not possible to only eliminate jobs that pay over $50,000 a year, layoffs would cross salary lines. He further criticized the Republicans' approach the problem by imposing layoffs instead of allowing workers to leave on their own and eliminating their job titles when they leave.
 "If the layoffs were imposed on July 1, 4,800 people would have lost their jobs," Florio said. "The longer you wait, the more layoffs will be necessary." He estimated that the layoff list will be much longer than the 2,000 jobs the Republicans have targeted.
 Florio said that the administration would not sue the legislature over whether it is constitutional for the legislative branch to dictate what jobs should be eliminated. He emphasized that the executive branch has the power to eliminate jobs at their discretion to get to the budget figure. "The legislature can't be micro-managing the administration," Florio said.
 "All of us are on notice now," Florio said. "We have to be very prudent and run the government as efficiently as possible."
 This edition of "State of the State" will air Wednesday, July 8 and Wednesday, July 22 at 9:30 p.m. on CTN. Check your local listings for the CTN channel in your area.
 Guest reporters Joe Donohue, state house reporter for the Star Ledger, and Shawn March, news director for WJLK Radio in Asbury Park, joined host Gene Dillard on this edition of "State of the State."
 "State of the State" is a production of the Cable Television Network in cooperation with the New Jersey Cable Industry through the Production facilities of TKR Cable of Hamilton. Check your local listings for the CTN channel in your area.
 CTN is a service of the New Jersey Cable Operators.
 -0- 7/8/92
 /CONTACT: Laura Zdroik of Cable Television Network of New Jersey, 800-421-0443/ CO: Cable Television Network of New Jersey Inc. ST: New Jersey IN: ENT SU:


SH-TS -- NY017 -- 7326 07/08/92 10:03 EDT
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Date:Jul 8, 1992
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