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Catching Up With…Jim Florio

The former governor talks to RENJ about the state's fiscal crisis, the public sector vs. private sector and more.

By Eric Peterson | Updated on March 06, 2008

Since he left office in 1994, former Gov. Jim Florio has co-founded a law firm (Florio Perrucci Steinhardt & Fader), become involved with a number of non-profit organizations and currently teaches a course at the Bloustein School at Rutgers. Real Estate New Jersey editors Eric Peterson and Brianne Harrison caught up with him recently in Atlantic City, for an exclusive interview, after a regional economic conference sponsored by PlanSmart NJ , where he was a panelist.

GlobeSt.com: What are your opinions on the fiscal proposals coming out of Trenton?

Florio: There’s no question there’s a problem, a serious problem that’s been building up over the past 14 or 15 years, where the state has just become fiscally irresponsible in some respects, just providing for tax reductions with no expenditure reductions, bonding in ways that don’t make a whole lot of sense. It has caught up with us now. Unfortunately for this governor, he walked into the office and has had multi-billion-dollar deficits each year.

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