This bill proposes a supplemental appropriation of $8,000,000 from the Property Tax Relief Fund to the Monmouth County Open Space and Farmland Preservation Trust Fund. The funds are intended to assist in the purchase of the Stein property located in Upper Freehold Township, New Jersey, which is crucial for its permanent preservation. The total cost to acquire the property is estimated at $25,000,000, and the preservation effort aims to prevent the construction of a warehouse that would disrupt the area and threaten local ecosystems.

The Stein property holds historical significance as a Revolutionary War site and is currently at risk of being developed into two warehouse properties, which would significantly increase traffic and environmental concerns in the area. Local residents have expressed worries about potential air pollution, water contamination, and the impact on the natural ecosystem due to the proposed development. The bill emphasizes the importance of preserving this land not only for its historical value but also to maintain the integrity of the surrounding community and environment.