Revises formula for State aid to municipalities and counties for public highway projects.

This bill revises how New Jersey allocates state funds for public highway projects to municipalities and counties. It changes the formula to consider weighted county population (average population over the previous year), road mileage, evacuation route mileage, and road mileage in 100-year flood plains. The new formula aims to more accurately reflect unique challenges faced by different municipalities and counties, such as flood risks and evacuation needs. The bill also establishes specific funds for infrastructure, freight impacts, and bridge repairs, each with set percentages of the total highway funding appropriation.