New JerseyS2024220th Legislature (2024-2025)SenateWALLET

Makes FY2024 supplemental appropriations of $37,430,000; de-appropriates $24,000,000 in existing FY2024 appropriations; adds and modifies various FY2024 language provisions.

Sponsored By: Linda R. Greenstein (Democratic), Eliana Pintor Marin (Democratic), Paul A. Sarlo (Democratic), Benjie E. Wimberly (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

8 provisions identified: 3 benefits, 0 costs, 5 mixed.

Funding expands free preschool for families

Beginning June 28, 2024, the law allows up to $40 million for free, full-day preschool for resident three- and four-year-olds. The money can also support workforce preparation, training, and other preschool expansion needs. The education commissioner sets district awards, and districts must show readiness to meet state preschool quality standards. Districts first receiving aid in 2023–2024 must show efforts to partner with willing, qualified licensed child care or Head Start programs nearby. This funding does not guarantee every child a place.

State funds business and film projects

Beginning June 28, 2024, the law sets FY2024 economic development grants at $299.682 million. It also directs $10 million from existing Film-Lease Partner Facility Investments funding to film and digital media programs. The New Jersey Economic Development Authority chooses those industry programs, projects, and initiatives. With state budget director approval, real estate project funds can move to Strategic Innovation Centers and the Maternal and Infant Health Innovation Center. No transfer amount or direct household payment is specified.

Medicaid funding supports families and clinicians

Beginning June 28, 2024, the law provides $50 million from the Health Care Affordability and Accessibility Fund for Medicaid coverage for parents and children. The state budget director must approve the funding. The director can also approve transfers from Robert Wood Johnson Barnabas Health Community Health Projects to the state Medicaid office. Transferred funds must follow federal Medicaid guidelines and solely maximize federal Medicaid payments to affiliated faculty physicians and other clinical professionals. These provisions do not change Medicaid eligibility or set individual benefit amounts.

Prison funding shifts away from supplies

Beginning June 28, 2024, the law shifts FY2024 New Jersey corrections funding. It adds $2.5 million for institutional care and treatment and $7.3 million for administration and support. It reduces materials and supplies funding by $9.8 million, offsetting those increases. The law does not specify changes to individual rights, services, or household payments.

Mental health funds shift toward communities

Beginning June 28, 2024, the law adds $4.3 million from the Property Tax Relief Fund for community mental health services. It reduces funding for patients in county psychiatric hospitals by the same amount. This reallocates FY2024 funding rather than adding a net $4.3 million. The law does not specify changes to individual patients’ care or costs.

Income assistance funds shift toward management

Beginning June 28, 2024, the law adds $12.111 million to FY2024 Income Maintenance Management funding. It reduces General Assistance payment funding by $7.918 million and Supplemental Security Income payment funding by $4.193 million. These are equal, offsetting changes among state accounts. The law does not specify changes to recipients’ payment amounts or eligibility.

Preschool funding formulas change for districts

Beginning June 28, 2024, the law revises FY2024 preschool aid formulas based on each district’s funding history and expansion status. Early Launch districts funded in 2007–2008 receive their allocation from that year. Certain districts with 2008–2009 aid histories use 2022–2023 per-pupil aid, adjusted for inflation and projected enrollment. Other specified districts, including expansion and competitive-award districts, use a statutory formula with projected 2023–2024 full-time-equivalent enrollment. That formula uses per-pupil amounts from the commissioner’s March 2023 aid notice; the information provided does not establish individual district awards.

School and transportation aid accounts shift

Beginning June 28, 2024, the law reallocates FY2024 school aid among state accounts. Through the Property Tax Relief Fund, it adds $6.764 million for General Formula Aid and $4.455 million for Student Transportation. It cuts Equalization Aid by $6.764 million and Transportation Aid by $4.455 million. The law does not specify changes to household costs or each district’s final net funding.

Sponsors & Cosponsors

Cosponsors

Verlina Reynolds-Jackson
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 90 • No: 23

House vote • 6/28/2024

3RDG FINAL PASSAGE

Yes: 52 • No: 22

Senate vote • 6/28/2024