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S4423 • 2026

Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.

Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.

Budget
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
McKeon, John F.
Last action
2026-06-30
Official status
Passed Assembly (Passed Both Houses) (78-0-0)
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.

Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.

What This Bill Does

  • Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.
  • Topic: Passed both Houses Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-30 New Jersey Legislature

    Substituted for A5334

  2. 2026-06-30 New Jersey Legislature

    Passed Assembly (Passed Both Houses) (78-0-0)

  3. 2026-06-28 New Jersey Legislature

    Transferred to Assembly Budget Committee

  4. 2026-06-28 New Jersey Legislature

    Reported out of Assembly Committee, 2nd Reading

  5. 2026-06-18 New Jersey Legislature

    Passed by the Senate (40-0)

  6. 2026-06-18 New Jersey Legislature

    Received in the Assembly, Referred to Assembly Appropriations Committee

  7. 2026-06-08 New Jersey Legislature

    Reported from Senate Committee, 2nd Reading

  8. 2026-06-04 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Environment and Energy Committee

Official Summary Text

Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.
Topic:
Passed both Houses
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text
S4423

SENATE, No. 4423

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED JUNE 4, 2026

Sponsored by:

Senator� JOHN F. MCKEON

District 27 (Essex and Passaic)

Senator� LATHAM TIVER

District 8 (Atlantic and Burlington)

Assemblywoman� MARISA SWEENEY

District 25 (Morris and Passaic)

Assemblywoman� CARMEN THERESA MORALES

District 34 (Essex)

Co-Sponsored by:

Senators Timberlake, Johnson, Wimberly, Gopal, McKnight,
Holzapfel, Polistina, Amato, Henry, O'Scanlon, Testa, Bramnick, Corrado,
Steinhardt, Space, Singer, Pennacchio, Schepisi, Assemblymen Freiman and Bhalla

SYNOPSIS

���� Appropriates $77,406,208 from constitutionally
dedicated CBT revenues and various Green Acres funds to DEP for local
government open space acquisition and park development projects, and for
certain administrative expenses.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
appropriating $77,406,208 from constitutionally
dedicated corporation business tax revenues and various Green Acres funds to
assist local government units to acquire and develop lands for recreation and
conservation purposes, and for certain administrative expenses.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� As used in this act:

���� �Constitutionally dedicated
corporation business tax revenues� means corporation business tax revenues
dedicated pursuant to Article VIII, Section II, paragraph 6 of the State
Constitution in the �Preserve New Jersey Green Acres Fund� for the acquisition
or development of lands by local government units for recreation and
conservation purposes in accordance with the provisions of P.L.2016, c.12
(C.13:8C-43 et seq.).

���� �Densely or highly populated
municipality� means a municipality with a population density of at least 5,000
persons per square mile, or a population of at least 35,000 persons, according
to the latest federal decennial census.

���� �Densely populated county�
means a county with a population density of at least 5,000 persons per square
mile according to the latest federal decennial census.

���� �Garden State Green Acres
Preservation Trust Fund� means the fund established pursuant to section 19 of
P.L.1999, c.152 (C.13:8C-19).

���� �Green Acres bond act� means
P.L.2009, c.117, P.L.2007, c.119, P.L.1995, c.204, P.L.1992, c.88, P.L.1989,
c.183, P.L.1987, c.265, and P.L.1983, c.354.

���� �Highly populated county�
means a county with a population density of at least 1,000 persons per square
mile according to the latest federal decennial census.

���� �Preserve New Jersey Green
Acres Fund� means the fund established pursuant to section 6 of the �Preserve
New Jersey Act,� P.L.2016, c.12 (C.13:8C-48).

���� �Stewardship activity� means
the same as the term is defined in section 3 of the �Preserve New Jersey Act,�
P.L.2016, c.12 (C.13:8C-45).

���� 2.��� There is appropriated to
the Department of Environmental Protection the following sums for the purpose
of providing grants or loans, or both, to assist local government units to
acquire lands for recreation and conservation purposes pursuant to section 4 of
this act and for the purpose of providing grants or loans, or both, to assist
local government units to develop lands for recreation and conservation
purposes pursuant to section 5 of this act:

���� a.��� $43,665,000 from
constitutionally dedicated corporation business tax revenues.� Of the amount
appropriated pursuant to this subsection, the sum of $8,276,000 is available
due to interest earnings on the constitutionally dedicated corporation business
tax revenues;

���� b.��� $11,880,000 from the
�Garden State Green Acres Preservation Trust Fund� and any Green Acres fund
established pursuant to a Green Acres bond act, made available due to loan
repayments and interest earnings; and

���� c.� $19,998,708 from the
�Preserve New Jersey Green Acres Fund,� the �Garden State Green Acres
Preservation Trust Fund,� and any Green Acres fund established pursuant to a
Green Acres bond act, made available due to project cancellations and
withdrawals.

���� 3.��� a.� There is
appropriated from the General Fund to the �Preserve New Jersey Green Acres
Fund� the sum of $45,527,500 to implement the provisions of this act.

���� b.� Of the amount appropriated
pursuant to subsection a. of this section, the sum of $1,862,500 is
appropriated from the �Preserve New Jersey Green Acres Fund� to the Department
of Environmental Protection for the purposes of paying administrative costs
associated with administering the applicable provisions of P.L.2016, c.12
(C.13:8C-43 et seq.).

���� 4.��� a.� The following
planning incentive acquisition projects to acquire lands for recreation and
conservation purposes are eligible for funding with the moneys appropriated
pursuant to section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Burlington County

Burlington
�

Planning Incentive
�

$1,316,115

Evesham Township

Burlington

Planning Incentive

$405,000

Gloucester Township

Camden

Open Space Acquisition

$205,000

Livingston Township

Essex
�

Open Space Acquisition
�

$900,000

Verona Township

Essex

Open Space Acquisition

$900,000

West Orange Township

Essex

Open Space Acquisition

$1,350,000

Gloucester County

Gloucester

Open Space Plan

$1,800,000

Kingwood Township

Hunterdon

Open Space Plan

$650,000

Raritan Township

Hunterdon

Land Acquisition Plan

$650,000

Readington Township

Hunterdon

Greenway Incentive Plan

$900,000

West Windsor Township

Mercer

Planning Incentive

$900,000

Monmouth County

Monmouth

Planning Incentive Acquisition

$
2,250,000

Colts Neck Township

Monmouth

Planning Incentive

$900,000

Madison Borough

Morris

Open Space Acquisition

$900,000

Mendham Township

Morris

Open Space Acquisition

$900,000

Brick Township

Ocean

Open Space and Recreation Plan

$1,752,250

Somerset County

Somerset

County Open Space Acquisition

$334,000

Montgomery Township

Somerset

Open Space Acquisition

$900,000

Peapack and Gladstone Borough

Somerset

Open Space Acquisition

$412,000

Warren County

Warren

Open Space Plan

$32,000

Knowlton Township

Warren

Open Space Acquisition

$390,000

Total

$18,746,365

���� b.��� The following standard acquisition
projects to acquire lands for recreation and conservation purposes are eligible
for funding with the moneys appropriated pursuant to section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Fairview Borough

Bergen

444 North 8th
Street Acquisition

$300,000

Wood-Ridge Borough

Bergen

Wood-Ridge
Recreation Complex Acquisition

$1,350,000

Riverside Township

Burlington

Riverdel
Woodlands Acquisition

$500,000

Total

$2,150,000

���� c.��� The following projects
to acquire lands for recreation and conservation purposes, located in
municipalities eligible to receive State aid pursuant to P.L.1978, c.14
(C.52:27D-178 et seq.) either as of June 30, 2021 or the effective date of this
act, or sponsored by densely populated counties, are eligible for funding with
the moneys appropriated pursuant to section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Hackensack City

Bergen

155 Main Street
Land Acquisition

$1,400,000

Bloomfield Township

Essex

Bloomfield Township Third River
Park and Preserve Acquisition

$33,333

Neptune Township

Monmouth

Division St. Park Acquisition

$126,000

Total

$1,559,333

���� d.��� The following site-specific
incentive acquisition projects to acquire lands for recreation and conservation
purposes are eligible for funding with the moneys appropriated pursuant to
section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Waldwick Borough

Bergen

197 Wykoff
Avenue Open Space Acquisition

$700,000

Total

$700,000

Grand Total, Acquisition

$23,155,698

���� 5.��� a. �The following
projects to develop lands for recreation and conservation purposes, located in
municipalities eligible to receive State aid pursuant to P.L.1978, c.14
(C.52:27D-178 et seq.) either as of June 30, 2021 or the effective date of this
act, or sponsored by densely populated counties, are eligible for funding with
the moneys appropriated pursuant to section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Camden
City

Camden

Union Field
Improvements

$1,350,000

Gloucester Township

Camden

Community Park
Improvements

$1,325,000

Pennsauken Township

Camden

Lena Skelly Park
Project

$918,179

Bridgeton City

Cumberland

Improvements to Rec.
Facilities in City Park

$1,138,112

Vineland City

Cumberland

Howard Pagliughi Park
Improvements

$1,180,000

Essex County

Essex

Turtle Back Zoo African
Adventure Exhibit

$2,250,000

Belleville Township

Essex

Municipal Stadium
Grandstand Improvements

$1,500,000

East Orange City

Essex

Memorial Park
Improvements

$1,500,000

Montclair Township

Essex

Canterbury Park
Improvements

$1,500,000

Newark City

Essex

Broadway Park

$489,000

Nutley Township

Essex

Monsignor Owens Park
Facilities

$398,580

Orange City Township

Essex

Metcalf Park
Improvements

$606,144

Glassboro Borough

Gloucester

Elsmere Park
Improvements

$1,022,305

Monroe Township

Gloucester

Amphitheater at Owens
Memorial Park

$1,269,045

Union City

Hudson

Ellsworth Park
Improvements Phase 2

$1,400,000

Mercer County

Mercer

Harlan Joseph Peace
Park

$1,750,000

Carteret Borough

Middlesex

Arthur Kill River Walk
North

$1,500,000

Old Bridge Township

Middlesex

Ticetown Road Soccer
Fields

$1,400,000

Woodbridge Township

Middlesex

Ford Avenue Park
Improvements

$1,500,000

Neptune Township

Monmouth

Division St. Park
Development

$462,000

Passaic County

Passaic

North Pulaski Park
Renovation Project

$1,875,000

Clifton City

Passaic

Surgent Park
Improvements

$1,500,000

Passaic City

Passaic

Colonel Johnson Park
Revitalization

$1,170,000

Total

$29,003,365

���� b.��� The following projects
to develop lands for recreation and conservation purposes, located in densely
or highly populated municipalities or sponsored by highly populated counties,
are eligible for funding with the moneys appropriated pursuant to section 2 of
this act:

Local Government Unit

County

Project

Approved Amount

Bergen
County

Bergen

Riverside County Park
South

$1,875,000

Englewood
City

Bergen

Denning Park
Improvements

$1,050,000

New Milford Borough

Bergen

Kennedy Tennis Courts
Improvement

$421,292

Teaneck Township

Bergen

Sagamore Park
Improvement Project

$175,000

Audubon Borough

Camden

Audubon Family Park
Improvements

$500,000

Haddon Township

Camden

Crystal Lake Park
Soccer Fields

$105,225

Maplewood Township

Essex

Dehart Park Rec.
Improvements

$967,500

West Caldwell Township

Essex

Grover Cleveland Field
Improvements

$750,000

Ewing Township

Mercer

Completely Inclusive
Playground

$939,692

Middlesex County

Middlesex

Metuchen Trailhead Park

$1,875,000

Red Bank Borough

Monmouth

Johnny Jazz Park
Improvements

$384,500

Morris County

Morris

Boonton Reservoir Trail

$1,727,250

Somerset County

Somerset

Skillman Park
Improvements

$712,500

Linden City

Union

James Dobson Park
Improvements

$1,115,000

Total

$12,597,959

���� c.��� The following standard
park development projects are eligible for funding with the moneys appropriated
pursuant to section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Buena
Borough

Atlantic

Bruno Melini Park
Athletic Lighting

$700,000

Hammonton Town

Atlantic

Hammonton Lake Park
Rec. Improvements

$750,000

Somers Point City

Atlantic

Kern and Fehrle Field
Improvements

$700,000

Burlington City

Burlington

William Allen School
Park Improvements

$750,000

Paulsboro Borough

Gloucester

Fort Billings Park
Improvements

$543,000

East Windsor Township

Mercer

Etra Lake Park
Inclusive Playground

$622,500

Eatontown Borough

Monmouth

Wolcott Park Court
Renovations

$476,702

Fair Haven Borough

Monmouth

Waterfront Access Park

$318,750

Manasquan Borough

Monmouth

Axel Carson Park
Improvements

$750,000

Roxbury Township

Morris

Imagination Station

$750,000

Beachwood Borough

Ocean

Mayo Park Recreation
Improvements

$337,335

Harvey Cedars Borough

Ocean

Sunset Park Waterfront
Access

$400,000

Lakehurst Borough

Ocean

Lake Horicon Inclusive
Playground

$700,000

Seaside Heights Borough

Ocean

Reflection Park

$700,000

Seaside Park Borough

Ocean

J Street Marina
Rehabilitation

$750,000

Bernardsville Borough

Somerset

Nervine Memorial Park
Improvements

$690,525

Total

$9,938,812

���� d.��� The following projects
for stewardship activities are eligible for funding with the moneys
appropriated pursuant to section 2 of this act:

Local Government Unit

County

Project

Approved Amount

Somers
Point City

Atlantic

DeFeo Lane Nature Trail

$116,461

Hamilton Township

Mercer

Sayen Gardens
Restoration Project

$11,333

Princeton Borough

Mercer

Princeton Ridge East
Forest Restoration

$150,000

Warren Township

Somerset

Dealaman Nature Trail
and Pond

$570,080

Total

$847,874

Grand Total, Development

$52,388,010

���� 6.� a.� Any transfer of funds,
or change in project sponsor, site, or type, listed in section 4 or 5 of this
act shall require the approval of the Joint Budget Oversight Committee or its
successor.

���� b.� To the extent that moneys
remain available after the projects listed in section 4 or 5 of this act are
offered funding pursuant thereto, any project of a local government unit that
previously received funding appropriated or reappropriated from any Green Acres
bond act, any annual appropriations act, or the Garden State Green Acres
Preservation Trust Fund for recreation and conservation purposes, or that
receives funding approved pursuant to this act, shall be eligible to receive
additional funding, as determined by the Department of Environmental
Protection, subject to the approval of the Joint Budget Oversight Committee or
its successor.

���� 7.� a. There is reappropriated
to the Department of Environmental Protection the unexpended balances, due to
project withdrawals, cancellations, or cost savings, of the amounts
appropriated or reappropriated from any Green Acres bond act, any annual appropriations
act, or the Garden State Green Acres Preservation Trust Fund to assist local
government units to acquire or develop lands for recreation and conservation
purposes, for the purposes of providing:

���� (1)� grants or loans, or both,
to assist local government units to acquire or develop lands for recreation and
conservation purposes, for projects approved as eligible for such funding
pursuant to this act; and

���� (2)� additional funding, as
determined by the Department of Environmental Protection, to any project of a
local government unit that previously received funding appropriated or
reappropriated from any Green Acres bond act, any annual appropriations act, or
the Garden State Green Acres Preservation Trust Fund for recreation and
conservation purposes or that receives funding approved pursuant to this act,
subject to the approval of the Joint Budget Oversight Committee or its
successor.� Any such additional funding provided from a Green Acres bond act
may include administrative costs.

���� b.��� There is appropriated to
the Department of Environmental Protection such sums as may be, or may become,
available on or before June 30, 2026, due to interest earnings or loan
repayments in any "Green Trust Fund" established pursuant to a Green Acres
bond act or in the "Garden State Green Acres Preservation Trust
Fund," for the purpose of providing:

���� (1)� grants or loans, or both,
to assist local government units to acquire or develop lands for recreation and
conservation purposes, for projects approved as eligible for such funding
pursuant to this act; and

���� (2)� additional funding, as
determined by the Department of Environmental Protection, to any project of a
local government unit that previously received funding appropriated or
reappropriated from any Green Acres bond act, any annual appropriations act, or
the Garden State Green Acres Preservation Trust Fund for recreation and
conservation purposes or that receives funding approved pursuant to this act,
subject to the approval of the Joint Budget Oversight Committee or its
successor.� Any such additional funding provided from a Green Acres bond act
may include administrative costs.

���� 8.� This act shall take effect
immediately.

STATEMENT

���� This bill appropriates $77,406,208
from constitutionally dedicated corporation business tax (CBT) revenues and
various Green Acres funds to the Department of Environmental Protection (DEP).�
Of the total amount appropriated by the bill, $75,543,708 would be used by the
DEP to provide grants or loans, or both, to assist local government units in
the State to acquire or develop lands for recreation and conservation purposes,
and $1,862,500 would be used for the DEP�s associated administrative costs.�

���� The total amount of funding
allocated for local government projects listed in this bill is $75,543,708.� Of
this amount, $23,155,698 is for projects to acquire lands for recreation and
conservation purposes identified in section 4 of the bill, and $52,388,010 is
for projects to develop lands for recreation and conservation purposes
identified in section 5 of the bill.�

���� Of the sum for projects to
acquire lands for recreation and conservation purposes:� $18,746,365 is
allocated for planning incentive open space acquisition projects (i.e.,
projects located in municipalities and counties that have an open space tax and
an approved open space plan); $2,150,000 is allocated for standard acquisition
projects; $1,559,333 is allocated for open space acquisition projects in urban
aid municipalities or sponsored by densely populated counties; and $700,000 is
allocated for site-specific incentive acquisition projects (i.e., projects
located in municipalities that have an open space tax, but do not have an open
space plan).�

���� Of the sum for projects to
develop lands for recreation and conservation purposes:� $29,003,365 is
allocated for local park development projects in urban aid municipalities or
sponsored by densely populated counties; $12,597,959 is allocated for local
park development projects in densely or highly populated municipalities or
sponsored by highly populated counties; $9,938,812 is allocated for standard
local park development projects (i.e., projects located in municipalities that
do not meet the criteria of the prior two categories); and $847,874 is
allocated for stewardship activity projects. �

���� The projects approved by the
bill include projects in �urban aid� and densely or highly populated
municipalities and counties.� The bill defines a �densely or highly populated
municipality� as a municipality with a population density of at least 5,000 persons
per square mile or a population of at least 35,000 persons; a �densely
populated county� as a county with a population density of at least 5,000
persons per square mile; and a �highly populated county� as a county with a
population density of at least 1,000 persons per square mile.

���� To the extent that there are
funds remaining after the local government unit projects listed in this bill
are offered funding, the bill also authorizes the DEP, with the approval of the
JBOC, to use those funds to provide additional funding for local government
unit projects listed in this bill as well as for local government unit projects
previously approved for funding pursuant to various other laws.� The projects
listed in the bill have been approved by the DEP and the Garden State
Preservation Trust (GSPT).