This bill appropriates additional funds from the General Fund and the Property Tax Relief Fund for various state departments in New Jersey for the fiscal year ending June 30, 2024. Notable appropriations include $7,300,000 for Administration and Support Services within the Department of Corrections, $12,111,000 for Income Maintenance Management in the Department of Human Services, and $299,682,000 for Economic Development in the Department of the Treasury. The bill also specifies that $4,455,000 is allocated for Student Transportation and $4,300,000 for Community Services in the Department of Human Services, all aimed at enhancing public safety, economic planning, and educational services.

Additionally, the bill introduces new provisions allowing for the transfer of funds to maximize federal Medicaid payments for faculty physicians associated with Robert Wood Johnson Barnabas Health and appropriates $50,000,000 from the Health Care Affordability and Accessibility Fund for Medical Coverage under the Division of Medical Assistance and Health Services. It also amends the allocation of Preschool Education Aid to ensure funding is directed towards expanding access to full-day preschool programs and requires a report on the status of preschool education in the state. The act is set to take effect immediately upon approval.