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 includes provisions for various departments and initiatives, such as competitive grant awards administered by the Department of Environmental Protection and the allocation of funds from the Energy Tax Receipts Property Tax Relief Fund to the General Fund. Notably, the bill specifies the appropriation of unexpended balances for anti-opioid initiatives and mandates annual reporting requirements for Medicaid Managed Care Organizations regarding primary care expenditures. Additionally, it includes a significant appropriation of $585,000,000 from the New Jersey Debt Defeasance and Prevention Fund to the General Fund.

The bill introduces new legal language establishing "Grants-in-Aid," "State Aid," and "Capital Construction" categories, which detail how funds will be utilized for various projects. It emphasizes the importance of budgetary oversight, requiring the approval of the Director of the Division of Budget and Accounting for various appropriations and transfers. The act is set to take effect on July 1, 2024, and aims to enhance fiscal responsibility and flexibility in managing state resources while ensuring accountability in the allocation of public funds.