SENATE, No. 2024
STATE OF NEW JERSEY
INTRODUCED JUNE 28, 2023
By Senator Sarlo
AN ACT making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 2024 and regulating the disbursement thereof.
ANTICIPATED RESOURCES FOR THE FISCAL YEAR 2023-2024 GENERAL FUND |
|
Undesignated Fund Balance, July 1, 2023: ................................................................................. |
$9,986,004,000 |
Major Taxes |
|
Sales ..................................................................................................... |
$13,376,477,000 |
Energy Tax Receipts - Sales Tax ......................................................... |
798,398,000 |
Sales - Energy ........................................................................................ |
247,658,000 |
Less: Sales Tax Dedication ............................................................. |
(1,063,600,000) |
Corporation Business ............................................................................ |
5,273,873,000 |
Corporation Business - Energy ............................................................. |
10,000,000 |
Business Alternative Income Tax ........................................................ |
3,942,159,000 |
Petroleum Products Gross Receipts ..................................................... |
1,419,271,000 |
Less: Petroleum Products Gross Receipts - Capital Reserves ...... |
(519,905,000) |
Insurance Premium .............................................................................. |
664,433,000 |
Transfer Inheritance ............................................................................ |
499,431,000 |
Realty Transfer ..................................................................................... |
486,250,000 |
Motor Fuels .......................................................................................... |
462,416,000 |
Motor Vehicle Fees .............................................................................. |
402,446,000 |
Alcoholic Beverage Excise .................................................................. |
146,500,000 |
Corporation Banks and Financial Institutions ..................................... |
63,349,000 |
Cigarette ............................................................................................... |
42,714,000 |
Tobacco Products Wholesale Sales ..................................................... |
38,758,000 |
Public Utility Excise (Reform) ............................................................ |
21,015,000 |
Estate Tax ............................................................................................. |
1,250,000 |
Total - Major Taxes ................................................................... |
$26,312,893,000 |
Miscellaneous Taxes, Fees and Revenues |
|
Executive Branch |
|
Department of Agriculture: |
|
Fertilizer Inspection Fees ............................................................... |
$366,000 |
Miscellaneous Revenue ................................................................. |
2,000 |
Subtotal, Department of Agriculture ........................................ |
$368,000 |
|
|
Department of Banking and Insurance: |
|
Actuarial Services .......................................................................... |
$5,000 |
Banking - Assessments .................................................................... |
13,688,000 |
Banking - Licenses and Other Fees .................................................. |
2,900,000 |
Fraud Fines ..................................................................................... |
1,300,000 |
HMO Covered Lives ....................................................................... |
50,000 |
Insurance - Examination Billings ................................................... |
200,000 |
Insurance - Special Purpose Assessment......................................... |
39,204,000 |
Insurance Fraud Prevention ............................................................. |
32,037,000 |
Insurance - Licenses and Other Fees ............................................... |
61,250,000 |
Real Estate Commission ................................................................. |
4,500,000 |
Subtotal, Department of Banking and Insurance ........................ |
$155,134,000 |
|
|
Department of Children and Families: |
|
Child Care Licensing ...................................................................... |
$275,000 |
Contract Recoveries ....................................................................... |
18,000,000 |
Divorce Filing Fees ........................................................................ |
1,200,000 |
Marriage License/Civil Union Fees ............................................... |
860,000 |
Subtotal, Department of Children and Families ....................... |
$20,335,000 |
|
|
Department of Community Affairs: |
|
Affordable Housing and Neighborhood Preservation - Fair Housing |
$16,035,000 |
Construction Fees ............................................................................. |
17,969,000 |
Fire Safety .................................................................................... |
18,122,000 |
Housing Inspection Fees ............................................................... |
11,437,000 |
Planned Real Estate Development Fees ......................................... |
950,000 |
Subtotal, Department of Community Affairs ............................ |
$64,513,000 |
|
|
Department of Education: |
|
Audit of Enrollments ...................................................................... |
$214,000 |
Audit Recoveries ............................................................................ |
75,000 |
Nonpublic Schools Other Recoveries ...................................... |
5,000,000 |
School Construction Inspection Fees ............................................. |
716,000 |
Subtotal, Department of Education ........................................... |
$6,005,000 |
|
|
Department of Environmental Protection: |
|
Air Pollution Fees - Minor Sources ................................................ |
$7,200,000 |
Air Pollution Fees - Title V Operating Permits ............................. |
3,200,000 |
Air Pollution Fines ......................................................................... |
880,000 |
Clean Water Enforcement Act ....................................................... |
1,900,000 |
Coastal Area Facility Review Act ................................................. |
1,800,000 |
Endangered Species Tax Check-Off .............................................. |
242,000 |
Environmental Infrastructure Financing Program Administrative Fee ......................................................................... |
5,000,000 |
Excess Diversion ........................................................................... |
160,000 |
Freshwater Wetlands Fees ............................................................. |
3,100,000 |
Freshwater Wetlands Fines ........................................................... |
150,000 |
Hazardous Waste Fees .................................................................. |
2,150,000 |
Hazardous Waste Fines ..................................................... | |