NJ Keep It Green, the state's largest coalition of conservation and historic preservation organizations, applauds the NJ Assembly Environment and Solid Waste Committee for voting to approve implementing legislation. This bill ensures that corporate business tax (CBT) revenues constitutionally dedicated to preservation and stewardship of New Jersey's land, water and historic resources are used as intended by the voters. NJ Keep It Green urges members of the Senate and Assembly Budget Committees and the full Legislature to vote on the bill. S969/A780 is sponsored by Senators Smith and Bateman, and Assembly members Andrzejczak, McKeon, Spencer, Pintor Marin, Dancer, Vainieri Huttle, and Land.
"A780 would provide predictable, reliable and transparent distribution of CBT revenues between the Green Acres, farmland and historic preservation programs going forward. This bill is critical to preserving NJ’s last remaining open space that safeguards our drinking water, grow Jersey Fresh produce, honor our history, and serve as parks, and protect wildlife habitat," said Ed Potosnak, NJ KIG Chair.
In November 2014, 65 percent of NJ voters approved Public Question 2 and established stable funding for the preservation and stewardship of open space, parks, farms, historic and flood-prone areas by dedicating four percent of existing corporate business tax revenues to preservation and environmental programs through fiscal year 2019, and dedicating an additional two percent of existing corporate business tax revenues from fiscal year 2020 going forward.
"We're thrilled to see the Assembly Environment Committee take up and pass this legislation so swiftly in the new session. It is vital that the implementation legislation be passed and funds released to build new parks, preserve vital open spaces and protect our family farms," said Kelly Mooij, NJ KIG Coordinator. Mooij added, "The action of this Committee reinforces the mandate of voters who passed the ballot measure dedicating funding for open space, farmland and historic preservation with overwhelming support."