Bill > A5100

This bill re-appropriates $3 million from the Property Tax Relief Fund (PTRF) to support a recreation center project in the Town of West New York. The bill allows for the unexpended balance from a previous fiscal year's appropriation for an overpass project to be redirected to the recreation center project, subject to approval by the Director of the Division of Budget and Accounting. This means that any unspent funds from a previous town project can now be used for the recreation center, effectively restoring lapsed funding from the fiscal year 2024 budget. The bill is a supplement to the annual appropriations act for the fiscal year ending June 30, 2025, and is designed to provide financial flexibility for the local government by allowing the reallocation of previously appropriated but unused funds. The act will take effect immediately upon approval.

Budget and Finance

https://www.njleg.state.nj.us/bill-search/2024/A5100