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 health services and appropriates $50,000,000 from the Health Care Affordability and Accessibility Fund to support medical coverage for parents and children. It also amends existing language regarding Preschool Education Aid to ensure equitable distribution based on historical allocations and projected enrollments, while emphasizing the importance of partnerships with local child care providers. The act is set to take effect immediately upon approval.