This bill serves as a supplement to the annual appropriations act for the fiscal year ending June 30, 2025, specifically allocating an additional $3,000,000 from the Property Tax Relief Fund to the Town of West New York for the purpose of funding a Recreation Center. This amount is included in the total State Aid appropriation for the Department of Community Affairs under the category of State Subsidies and Financial Aid.
Additionally, the bill introduces new language that allows the unexpended balance from the previous fiscal year's appropriations for the Town of West New York Overpass Project to be redirected towards the Recreation Center, contingent upon the approval of the Director of the Division of Budget and Accounting. This provision aims to ensure that funds are utilized effectively for community development projects. The act is set to take effect immediately upon approval.