Increases aid for municipalities hosting watershed lands and in the Highlands region; raises annual appropriation to Highlands Protection Fund.

New Jersey S4041 raises the per-acre rate for watershed moratorium offset aid and watershed property municipal aid from $47 to $94. It mandates that at least 25% of these funds be used for school funding. The bill also increases the annual appropriation to the Highlands Protection Fund from realty transfer fee revenues from $5 million to $12 million. These funds support watershed moratorium offset aid and other initiatives.

Increases aid for municipalities hosting watershed lands and in the Highlands region; raises annual appropriation to Highlands Protection Fund.

New Jersey S4041 raises the per-acre rate for watershed moratorium offset aid and watershed property municipal aid from $47 to $94. It mandates that at least 25% of these funds be used for school funding. The bill also increases the annual appropriation to the Highlands Protection Fund from realty transfer fee revenues from $5 million to $12 million. These funds support watershed moratorium offset aid and other initiatives.