Scramble for funds as more money allotted to preserve open space, farmland in NJ

new jersey farmland

TOM JOHNSON / NJ SPOTLIGHT – For the first time in years, the state has a bigger pot of money to fund open space and farmland preservation, a fact that has set off a lot of jockeying among various interest groups over where the funds should be spent.

In the state’s next fiscal year, the allocation of funds dedicated from the corporate business tax for preservation ticks up from 4 percent to 6 percent, meaning the available pool of money will grow to $155 million.

The decision over how to allocate those funds is being shaped in a bill pending before the Senate Environment and Energy Committee, which held a hearing on the legislation (S-2920) earlier this month. It was held after the panel sought additional input from stakeholders on where the money should be spent …

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