Land Preservation Will Continue In New Jersey
Scheduled land preservation will continue in the state of New Jersey after voters passed Public Question No. 2 by nearly 65% of the vote. The Measure amends the state’s constitution to allocate a percent of the Corporation Business Tax revenue towards the preservation of open space, farmland and historic sites through 2045.
Land preservation projects in the Garden State had come to a halt after exhausting the $400 million set aside for the purpose in 2009. There is approximately 650,000 additional acres groups would like considered for some type of preservation over the next 30 years.
The amendment will provide a reliable funding source for these projects and is expected to generate as much as $71 million annually.
Please click here to read more about Public Question No. 2.