New Jersey A3411 mandates regional economic and land use impact reports for large warehouse developments and requires real property reassessments.

New Jersey A3411 establishes procedures for regional economic and land use impact reports related to the development of large warehouses. The bill requires host municipalities to prepare these reports, which must be completed before a hearing on the development application. The report must include assessments on retail sales, public revenues, wages, community income levels, employment demand, and other regional impacts. The bill also mandates that host municipalities update their master plans if they have not been updated in the past 12 months.

New Jersey A3411 mandates regional economic and land use impact reports for large warehouse developments and requires real property reassessments.

New Jersey A3411 establishes procedures for regional economic and land use impact reports related to the development of large warehouses. The bill requires host municipalities to prepare these reports, which must be completed before a hearing on the development application. The report must include assessments on retail sales, public revenues, wages, community income levels, employment demand, and other regional impacts. The bill also mandates that host municipalities update their master plans if they have not been updated in the past 12 months.