New Jersey Assembly Bill A847

New Jersey 2022-2023 Regular Session

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

Caption

Appropriates $54.5 million from constitutionally dedicated CBT revenues for recreation and conservation purposes to DEP for State capital and park development projects.

Impact

The funding outlined in A847 is specifically designated for projects managed by the DEP's Division of Parks and Forestry and the Division of Fish and Wildlife. These initiatives include enhancements to recreational access, camping development, habitat improvements, infrastructure repairs, and initiatives focusing on health and safety within state parks. By providing necessary financial resources, the bill aims to bolster the state’s efforts in maintaining public spaces while also potentially attracting increased recreational activities and tourism in New Jersey, which could enhance local economies.

Summary

Bill A847, introduced in the New Jersey Assembly, seeks to appropriate a sum of $54.5 million from constitutionally dedicated corporation business tax revenues for recreation and conservation purposes. The funds will be directed to the Department of Environmental Protection (DEP) for state capital and park development projects, as outlined under the regulations of the 'Preserve New Jersey Act.' This act was established to ensure that revenues from the corporation business tax are allocated for critical environmental initiatives, fostering the development and maintenance of public lands in the state.

Contention

Although A847 has a clear intention of promoting recreation and conservation, there may be points of contention regarding how funds are appropriated and managed. Some stakeholders may be concerned about the efficiency of fund allocation and the potential need for oversight mechanisms to ensure funds are used effectively. Moreover, debates may arise regarding the prioritization of specific projects, especially if local communities feel their needs are overlooked in favor of larger statewide initiatives. The bill's provisions that allow reallocating funds without necessarily requiring oversight from the Joint Budget Oversight Committee could also spark discussions about transparency and accountability in the use of the appropriated funds.