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S.4041

Increases amounts of aid paid to certain municipalities that host watershed lands; increases amount annually appropriated to "Highlands Protection Fund" from realty transfer fee revenues.

Introduced·3/23/26
Introduced Text

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.

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  • Core Provisions
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Where it stands

Current
Environment and Energy Committee
Next
Committee decision

Sponsors

0
3
RRR
Democratic CaucusRepublican Caucus

History

Mar 23

Senate

Introduced in the Senate, Referred to Senate Environment and Energy Committee