Proposing a constitutional amendment to authorize the legislature to provide for an exemption from ad valorem taxation by a school district of a portion of the market value of certain leased residential real properties, to establish and prescribe the permissible uses of the property tax relief to rental households fund, and to include payments from the property tax relief to rental households fund in the exception of certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Makes FY2025 supplemental appropriation of $8,000,000 to Monmouth County Open Space and Farmland Preservation Trust Fund to assist in the purchase of the Stein property in Upper Freehold Township, New Jersey.
Makes $500,000 supplemental appropriation from Property Tax Relief Fund to Borough of North Caldwell to fund restoration of Walker's Family Home at Walker's Park and Walker's Park property.