Cultural leaders are predicting that if New Jersey eliminates all its arts funding, as threatened, that 100 cultural organizations could fold. Arts groups would have to slash programs, and many would take a decade to recover. “The 20 to 30 arts leaders who sat through the half-hour meeting told the governor that the impact would go beyond quality-of-life issues.” Studies have shown that the arts annually generates $1 billion in economic activity in New Jersey.