New Jersey Senate Bill S4165

New Jersey 2022-2023 Regular Session

• Introduced: 11/30/23
• Refer: 11/30/23
• Report Pass: 12/18/23

Caption

Appropriates $48 million from constitutionally dedicated CBT revenues to DEP for State acquisition of lands for recreation and conservation purposes, including Blue Acres projects, and Green Acres Program administrative costs.

Impact

The passage of S4165 will enhance New Jersey's efforts to expand recreational spaces and protect vulnerable lands from environmental damage, which is crucial in light of climate change and its associated risks. The bill mandates that at least 10% of the funds appropriated be used for Blue Acres projects, ensuring that areas most at risk from storm damage will receive priority attention. Furthermore, the bill allows the Department of Environmental Protection (DEP) to redistribute funds from project cancellations or budget savings, providing added flexibility to address ongoing conservation needs.

Summary

Senate Bill S4165 appropriates $48 million from constitutionally dedicated corporation business tax (CBT) revenues to fund the acquisition of lands for recreation and conservation purposes in New Jersey. This funding specifically targets initiatives under the 'Preserve New Jersey Act,' which aims to distribute CBT revenues for open space, farmland, and historic preservation projects. A significant portion of the funds, amounting to $35.835 million, is allocated directly for acquisitions related to recreation and conservation, while an additional $10 million is designated for 'Blue Acres' projects, aimed at acquiring properties threatened by flooding or other environmental issues.

Contention

While the bill supports vital conservation initiatives, funding allocation may prompt debate regarding prioritization of specific projects across varied communities. Stakeholders may have differing perspectives on the distribution of these funds, especially in relation to urban versus rural areas. Local governments and non-profit organizations may seek assurance that funding will reflect community needs rather than favoring larger, state-run projects. Overall, while the bill has garnered bipartisan support, concerns could arise about transparency in fund allocation and ensuring that diverse community interests are represented.