A 3217
Requires distribution of State aid to certain municipalities located in whole or in part in the Highlands preservation area.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would establish a state aid program for municipalities located entirely or partially within the Highlands preservation area of New Jersey. It aims to compensate these municipalities for a decline in the value of vacant land resulting from the Highlands Water Protection and Planning Act. The bill creates a dedicated fund, the ‘Highlands Preservation Area Municipal Property Tax Relief Fund,’ and outlines procedures for determining the amount of aid each qualified municipality is entitled to receive, based on their valuation base and tax rate.
Sponsors
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Primary sponsor
Jay Webber
Cosponsors
Erik Peterson
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