Bill > SCR34

This concurrent resolution proposes to amend the New Jersey State Constitution to dedicate a portion of revenue from motor vehicle fees and surcharges specifically to the state's transit system. Starting in the fiscal year following the amendment's effective date, the Legislature would be required to appropriate to the New Jersey Transit Corporation (or a similar public transportation entity) a minimum amount equal to the revenue from motor vehicle fees and surcharges collected in that fiscal year, minus two key deductions: first, the amount retained by the New Jersey Motor Vehicle Commission for its own operations, and second, the amount remitted to the General Fund from those fees and surcharges during the fiscal year beginning July 1, 2017. This means that any motor vehicle fee and surcharge revenue exceeding these two specified amounts would be dedicated to transit operations. The proposed amendment would be submitted to voters at a general election, with a ballot question asking if they approve dedicating a portion of motor vehicle fee revenue to the state transit system. The resolution aims to provide a more stable and dedicated funding stream for public transportation in New Jersey by constitutionally mandating this allocation of motor vehicle fee revenues.

Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2024/SCR34