ASSEMBLY APPROPRIATIONS COMMITTEE

STATEMENT TO

ASSEMBLY, No. 4948

STATE OF NEW JERSEY

DATED:  OCTOBER 24, 2024

      The Assembly Appropriations Committee reports favorably Assembly Bill No. 4948.

      This bill amends an appropriation under the FY 2024 appropriations act, P.L.2023, c.74, of $2 million from the Property Tax Relief Fund to the City of Perth Amboy.  The appropriation, as enacted on June 30, 2023, specified that the funds were to be used for a pedestrian bridge, but in the time since the FY 2024 appropriations act was enacted, the bridge was deemed unfeasible.  This bill will allow the City of Perth Amboy to expend the appropriated funds for other pedestrian safety projects.

FISCAL IMPACT:

      This bill is not certified as to requiring a fiscal note.