New Jersey Assembly Bill ACR24

New Jersey 2022-2023 Regular Session

• Introduced: 1/11/22
• Refer: 1/11/22

Caption

Amends State Constitution to dedicate portion of revenue from motor vehicle fees and surcharges to transit system.

Impact

If passed, this resolution will necessitate an annual appropriation from the state legislature to ensure that the dedicated funds are utilized for transit purposes. This change is expected to provide a more stable and enhanced funding source for public transportation in New Jersey. By reallocating motor vehicle fees, the bill could potentially improve transit infrastructure and services, benefiting commuters and promoting public transportation use.

Summary

ACR24 is a concurrent resolution aimed at amending the New Jersey Constitution to dedicate a portion of the revenue generated from motor vehicle fees and surcharges to the state's transit system. This proposed amendment seeks to ensure that the funds collected go towards enhancing the operations of the New Jersey Transit Corporation or any other public corporation designated for providing efficient and safe public transportation. The bill stipulates that the allocated funds will be derived from revenues exceeding amounts that were allocated to both the New Jersey Motor Vehicle Commission and the General Fund based on fiscal year 2018 figures.

Contention

There are points of contention surrounding ACR24, primarily regarding the implications of directing motor vehicle revenue away from the General Fund. Critics may argue that such a commitment could limit the state's financial flexibility and affect funding available for other essential services. Supporters contend that prioritizing transit funding is crucial for addressing infrastructure needs and promoting sustainable transport options in the state, reflecting a growing recognition of the importance of public transportation in urban planning and development.