New Jersey Assembly Bill A5119

New Jersey 2024-2025 Regular Session

• Introduced: 12/9/24
• Refer: 12/9/24
• Refer: 12/12/24
• Report Pass: 12/16/24

Caption

Appropriates $60 million from constitutionally dedicated CBT revenues for recreation and conservation purposes to DEP for State capital and park development projects.

Impact

The bill's impact on state laws is significant, as it facilitates the DEP in executing various capital projects that benefit recreation and conservation efforts throughout New Jersey. By ensuring a substantial financial allocation, A5119 supports the ongoing development of public parks and green spaces, which are crucial for ecological health and community recreational needs. The bill also allows for flexibility in reallocating funds among approved projects, streamlining the process of responding to state parks' operational needs.

Summary

Assembly Bill A5119 proposes the appropriation of $60 million from constitutionally dedicated corporation business tax (CBT) revenues to the New Jersey Department of Environmental Protection (DEP) for the development of lands used for recreation and conservation purposes. This funding aims to enhance state parks, forests, and historic areas in line with the goals established by the 'Preserve New Jersey Act.' The act allows for funding to be allocated yearly for projects focused on open space acquisition and development.

Contention

While the bill enjoys broad support due to its focus on environmental preservation, discussions around A5119 may reveal concerns about oversight and the potential for misallocation of funds. Notably, the bill specifies that the expenditure of funds does not require prior approval from the Joint Budget Oversight Committee, which could raise questions regarding transparency and accountability in managing such a significant financial commitment. Stakeholders may debate whether this procedural flexibility is beneficial or could lead to non-compliance with intended objectives.