A 4895 New Jersey General Assembly · 2024-2025 Regular Session

Makes FY2025 supplemental appropriation of $8,000,000 to Monmouth County Open Space and Farmland Preservation Trust Fund to assist in the purchase of the Stein property in Upper Freehold Township, New Jersey.

This bill appropriates $8,000,000 from the Property Tax Relief Fund to Monmouth County's Open Space and Farmland Preservation Trust Fund. The funds are specifically designated to help purchase the Stein property in Upper Freehold Township, New Jersey, for permanent preservation. The bill directly affects Monmouth County by enabling the acquisition of this farmland, preventing its development into a warehouse site. The key mechanism is a supplemental funding allocation added to the existing 2025 state budget, targeting the $25 million purchase price. This action preserves the historic property (a Revolutionary War site) and prevents proposed warehouse construction that local residents opposed.
Bill status in committee 1 of 4 stages cleared
Introduction
Oct 2024
Committee Review
Floor Vote
Governor
Introduced Oct 17, 2024 Last action Oct 17, 2024
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Oct 17, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
2 primary · 0 co-sponsors

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