The Town Crier - Legislative Backgrounder

The New Jersey Department of Transportation’s (NJDOT) proposed fiscal year 2024 budget allocations, excluding the Motor Vehicle Commission, amount to $1.919 billion. This represents a $11.8 million or 0.6% increase compared to the FY2023 adjusted appropriation of $1.907 billion. The FY2024 increase is primarily due to the allocations for the Simple Fix Safety Program, a new program to increase pedestrian and bicycle safety, and the Diamond Head Oil Refinery Site Remediation in Kearny, which includes land owned by NJ for the construction of I-280. 

The proposed New Jersey FY 2024 budget allocates $1.152 billion to the Department of Community Affairs (DCA), reflecting a reduction of 19.6% or $280 million from the adjusted appropriation of $1.432 billion in FY 2023. These figures are based on the Governor’s proposal, and may change based on public testimony, changes by the Legislature, and discussions with the Administration before its enactment by the end of June. 

The U.S. Economic Development Administration (USEDA) issued a FY2023 Federal Funding Opportunity Public Works and Economic Adjustment Assistance Notice of Funding Opportunity (FY23 PWEAA NOFO).