New Jersey Assembly Bill A4701

New Jersey 2024-2025 Regular Session

• Introduced: 6/26/24
• Refer: 6/26/24
• Report Pass: 6/26/24

Caption

Makes FY2024 supplemental appropriations of $37,430,000; de-appropriates $24,000,000 in existing FY2024 appropriations; adds and modifies various FY2024 language provisions.

Impact

The implications of A4701 extend to multiple state agencies, reshaping funding allocations primarily in the health and education sectors. A notable inclusion is a new language provision allowing funds in the Health Care Affordability and Accessibility Fund to support NJ FamilyCare. Additionally, the bill modifies existing language in the fiscal appropriations act, ensuring that more resources are directed toward educational institutions by increasing transportation aid and equalization aid, which is designed to help stabilize funding for regional school districts under specific criteria.

Summary

Assembly Bill A4701 proposes supplemental appropriations for the fiscal year 2024 totaling $37,430,000, along with a de-appropriation of $24,000,000 in existing funds. This adjustment aims to address various increased costs in state programs and services. Significant allocations include approximately $16,411,000 to the Department of Human Services, out of which $12,111,000 is designated for state aid programs, particularly supporting the Supplemental Security Income Program and General Assistance Program due to higher-than-expected costs. Furthermore, it allocates $4,300,000 from the Property Tax Relief Fund to support patients in county psychiatric hospitals.

Contention

Discussion around the bill indicates some contention regarding the re-allocation of funds, particularly the de-appropriation of $24,000,000 previously allocated for the Jersey City Redevelopment Agency's Art Museum Project, which raised concerns among stakeholders about sustainable funding for local projects. Critics worry that significant shifts in budget appropriations may lead to instability in funding long-term state projects, while supporters argue that the re-investment into pressing areas such as mental health and education is justified and necessary for addressing immediate needs.