Bill > S3991

This bill re-appropriates $3 million from the Property Tax Relief Fund (PTRF) to the Town of West New York for a recreation center project. Originally, in the Fiscal Year 2024 Appropriations Act, $6 million was allocated to the Department of Community Affairs for an overpass project in West New York. However, $3 million of this appropriation lapsed back to the PTRF at the end of Fiscal Year 2024. The bill accomplishes two key things: first, it provides a new supplemental appropriation of $3 million for Fiscal Year 2025, and second, it adds budget language that allows the unexpended $3 million from the previous fiscal year to be re-directed specifically to the recreation center project. This re-appropriation is subject to approval from the Director of the Division of Budget and Accounting, and the bill will take effect immediately upon enactment. The legislation ensures that the originally intended funding for the Town of West New York can still be used for its municipal project despite the initial appropriation lapsing.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2024/S3991