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 historical and environmental integrity of the site.

The Stein property is historically significant as it served as a campground for British soldiers during the Revolutionary War. The proposed warehouse development would not only split the farmland but also lead to increased traffic and potential environmental hazards, including air pollution and water contamination. Local residents and organizations, including the New Jersey Society of the Sons of the American Revolution, have expressed strong opposition to the development, citing concerns over its impact on the community and the surrounding ecosystem. The bill is set to take effect immediately upon passage.