Governor Phil Murphy and the legislature agreed on Friday to allocate nearly $ 700 million to stimulate economic growth and improve public health.
The funding will provide $ 435 million from the New Jersey Debt Defeasance and Prevention Fund and $ 262.6 million from the American Rescue Plan’s State Fiscal Recovery Fund.
The proposals were made by the Ministry of Finance to the Joint Budgetary Supervisory Committee for approval, which is expected.
“This proposal will allow us to responsibly finance construction and continue to use federal dollars for one-time, transformative investments in our residents, communities and infrastructure,” said Murphy.
The following are the proposed capital construction projects to be supported by the New Jersey Debt Defeasance and Prevention Fund:
- New Jersey Windport and Port Infrastructure ($ 345 million): Funding for the wind port and related projects is provided by the Economic Development Authority, the Department of Transportation and the South Jersey Port Corp.
- Rowan University School of Veterinary Medicine / Cooper Medical School ($ 90 million): Support school.
The following are the 13 proposed projects to be supported by the State Fiscal Recovery Fund of the American Rescue Plan:
- Hackensack University Medical Center ($ 100 million): Supporting the Hackensack University Hospital, which was certified as a level 1 trauma center in the fall of this year, in its efforts to strengthen the regional infrastructure for emergency health care. HUMC must submit a preparedness improvement plan subject to the conditions listed for the other Level 1 trauma centers.
- Supply Chain Disruption Funding ($ 40 million): Established a program run by the Department of Community Affairs and the Housing and Mortgage Finance Agency to fill COVID-induced funding gaps in already underwritten and ongoing projects for affordable housing and community development.
- Implementation of the Eviction Prevention Program ($ 37.5 million): Targeted support for people who need help most urgently with the application, as well as temporary workers in assessing eligibility and determining and paying out support benefits, in addition to other tasks that are crucial for the success of the program.
- Greenway Acquisition ($ 25 million): To support the state’s efforts to purchase this transportation corridor in Essex and Hudson counties. These funds will complement funds from the Green Acres State Land Acquisition program.
- Inspira Health ($ 20 million): Support Inspira Health’s proposed acquisition of Salem Medical Center, which will improve emergency preparedness and pandemic preparedness for this community.
- Commuter Hub COVID-impacted Redevelopment Program ($ 10 million): Supporting retail and pedestrian activities in urban areas with public transport that have suffered economic damage from the decline in commuting due to the pandemic. This program would split funds between the Casino Reinvestment Development Authority and the Economic Development Authority for two targeted initiatives.
- Pennsauken Community Center ($ 10 million): Help build a new community center in Pennsauken Township that will facilitate access to social services and mitigate the impact of the health emergency on education and child welfare.
- RWJBarnabas Health ($ 5 million): Assisted RWJBH and Rutgers University Behavioral Health with programming related to the increased need for behavioral health due to the pandemic.
- Wally Choice Community Center ($ 5 million): Support pandemic-related efforts (including education and social services) at this Glenfield Park facility.
- Corporate Marketing Initiatives ($ 5 million): To help the state expand implementation of a marketing program to highlight the benefits of doing business in New Jersey while the state works to recover from the economic impact of the pandemic.
- Atlantic Health ($ 3 million): To modernize and renovate the emergency room at Morristown Medical Center so the facility is better able to cope with the current pandemic and future infectious disease outbreaks.
- Alexander Hamilton Visitor and Education Center at the Great Falls of the Passaic River ($ 2 million): Funding of eligible costs for this tourism-related project at the National Historical Park in the city of Paterson.
- Vernon Parish ($ 100,000): To support community health efforts related to environmental remediation.