Changes certain allocations and amounts of constitutionally dedicated CBT revenues for Fiscal Year 2026 and thereafter; authorizes Garden State Preservation Trust and local governments to acquire lands in urban areas for agricultural or horticultural purposes.

This bill adjusts how certain constitutionally dedicated cigarette tax revenues are allocated for Fiscal Year 2026 and future years, directing five percent of those funds to a new Urban Agriculture and Horticulture Fund. It also authorizes the Garden State Preservation Trust and local governments to purchase land in urban areas specifically for agricultural or horticultural use. Additionally, the bill establishes a process where the Garden State Preservation Trust will annually review funding needs for conservation, farmland preservation, and historic preservation programs and can recommend changes to funding allocations to legislative committees. These changes aim to support urban agriculture initiatives while maintaining oversight over how state preservation funds are distributed.