This bill appropriates a total of $56,635,803,000 in State funds and $27,501,993,844 in federal funds for the fiscal year ending June 30, 2025. It establishes that appropriations will be available for the fiscal year and for one month thereafter, with unexpended balances lapsing into the State Treasury unless encumbered. The bill mandates that projects administered by State departments awarding grants will do so on a competitive basis, with criteria set by the Department of Environmental Protection. Additionally, it specifies that amounts deposited into the Energy Tax Receipts Property Tax Relief Fund are appropriated to the General Fund as State revenue, and it allows for the reallocation of unexpended balances from various departments for anti-opioid initiatives, subject to the approval of the Director of the Division of Budget and Accounting.

The bill includes several provisions for specific programs and initiatives, such as the Quality Improvement Program in the Department of Health, operational costs for various departments related to health insurance, and funding for violence intervention programs and underage deterrence programs. Notably, it appropriates $585,000,000 from the New Jersey Debt Defeasance and Prevention Fund to the General Fund as State revenue. The act is set to take effect on July 1, 2024, and emphasizes the importance of oversight and accountability in the management of state funds, particularly through the approval of the Director of the Division of Budget and Accounting for various appropriations and transfers.