New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S2899

Introduced
3/4/24  

Caption

Makes $500,000 supplemental appropriation from Property Tax Relief Fund to Borough of North Caldwell to fund restoration of Walker's Family Home at Walker's Park and Walker's Park property.

Impact

If enacted, S2899 will provide financial support for local government efforts to restore and maintain historical sites. The application of these funds to the Walker's Family Home will not only revitalize the property but also contribute to the local community's cultural and historical preservation efforts. This funding comes at a time when municipalities are increasingly relying on state resources to support local projects that may otherwise be financially unfeasible.

Summary

Senate Bill S2899 aims to supplement the existing annual state appropriations with an additional $500,000 from the Property Tax Relief Fund. This funding is specifically designated for the Borough of North Caldwell to finance the restoration of the Walker's Family Home and the surrounding Walker's Park property. This initiative reflects an effort to enhance community facilities and preserve local history, as Walker's Park is a 17-acre site that was acquired by the borough in 2016.

Contention

While the bill does not appear to face significant opposition based on the available information, discussions concerning the allocation of state funds for local projects often raise questions about fiscal priorities and community needs. Stakeholders may debate the effectiveness of using property tax relief funds for restoration projects compared to other pressing needs in the community, such as infrastructure improvements or social services.

Companion Bills

NJ A3926

Same As Makes $500,000 supplemental appropriation from Property Tax Relief Fund to Borough of North Caldwell to fund restoration of Walker's Family Home at Walker's Park and Walker's Park property.

Previously Filed As

NJ A3926

Makes $500,000 supplemental appropriation from Property Tax Relief Fund to Borough of North Caldwell to fund restoration of Walker's Family Home at Walker's Park and Walker's Park property.

NJ S3076

Amends appropriations act to provide funding for restoration of State school aid reductions for certain school districts; shifts $64,920,000 from certain appropriations for purposes of restoring aid; provides supplemental appropriation of $145,215,047.

NJ A4230

Amends appropriations act to provide funding for restoration of State school aid reductions for certain school districts; shifts $64,920,000 from certain appropriations for purposes of restoring aid; provides supplemental appropriation of $145,215,047.

NJ A3927

Makes $500,000 supplemental appropriation from General Fund to DEP for dredging and restoration of Peckman River.

NJ A4030

Makes supplemental appropriation of $80 million from Property Tax Relief Fund to DOE for Stabilization Aid.

NJ S2898

Makes $500,000 supplemental appropriation from General Fund to DEP for dredging and restoration of Peckman River.

NJ S3386

Reallocates FY 2023 State and federal appropriations totaling $355,738,000, and amends and supplements language affecting appropriations in FY 2023.

NJ S3236

Makes supplemental appropriation of $1 million from Property Tax Relief Fund to DOE to support Pantoliano-DePass school based mentoring pilot program in certain Bergen County school districts.

NJ A4488

Makes supplemental appropriation of $1 million from Property Tax Relief Fund to DOE to support Pantoliano-DePass school-based mentoring pilot program in certain Bergen County school districts.

NJ S2897

Makes $500,000 supplemental appropriation from General Fund to DEP for dredging and restoration of Passaic River.

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Amends Fiscal Year 2024 annual appropriations act to extend ANCHOR Property Tax Relief Program eligibility to homestead owners and tenants who made payments in lieu of taxes.

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