New Jersey A5277 requires annual state aid payments to municipalities with significant state or county-owned property.

New Jersey A5277 mandates annual state aid payments to municipalities with populations under 30,000, where state-owned and county-owned property comprises at least 10% of the municipality's total acreage. The state must pay $500 per acre of such property. The State Treasurer must distribute these payments by August 1 each year, using funds from the Property Tax Relief Fund, subject to legislative appropriation. The bill defines "State-owned property" and "county-owned property" and outlines the process for calculating and distributing the aid.

New Jersey A5277 requires annual state aid payments to municipalities with significant state or county-owned property.

New Jersey A5277 mandates annual state aid payments to municipalities with populations under 30,000, where state-owned and county-owned property comprises at least 10% of the municipality's total acreage. The state must pay $500 per acre of such property. The State Treasurer must distribute these payments by August 1 each year, using funds from the Property Tax Relief Fund, subject to legislative appropriation. The bill defines "State-owned property" and "county-owned property" and outlines the process for calculating and distributing the aid.