Lawmakers ink constitutionally mandated increase in open-space funding

JON HURDLE / NJ SPOTLIGHT – Assembly lawmakers gave final approval on Monday to nine bills that will provide $230 million in constitutionally mandated funding to purchase land, improve recreational areas, and preserve farmland and historic properties.

The funding was the largest amount since voters in 2014 approved a constitutional amendment dedicating a portion of revenue from the corporation business tax for conservation projects. This year, 6% of CBT receipts go to the program, up from 4%.

Proceeds from the tax are providing $200 million of this year’s total, and the rest is coming from older sources of funds for staffing and administrative operations …

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