New Jersey arts groups are certainly happy Governor James McGreevey is reconsidering eliminating state arts funding. Instead, the cut might be 50 percent. But this isn’t good enough some say. “The chop would actually represent a 60% slice over two years, since the State Legislature cut the arts budget by 10% last session. A 60% cut will cause a lot of damage to cultural institutions in the state in an already difficult economy. ‘We feel we are a solution to economic problems because we generate a lot of money for the state of New Jersey. We continue to be puzzled by the governor’s decisions to slash our funds when we’re a billion-dollar industry to the state.”