Re: S-3078, Blue Acres Funding for Flood prone properties
The League of Municipalities supports S-3078, which would allow municipalities to use their open space trust funds for the purchase of flood-prone properties.
Specifically, S-3078 would allow municipal governments to establish open space trust funds for the purchase of such properties, commonly referred to as “Blue Acres” projects. Any such funding must be voter-approved, and would prevent repetitive losses due to flooding.
S-3078 was approved unanimously by the Senate Budget and Appropriations committee, and awaits a Senate floor vote. To date, an Assembly companion has not been introduced.
For more on this bill, please contact Mike Cerra at firstname.lastname@example.org or (609) 695-3481 x120.
Very Truly Yours,
William G. Dressel, Jr.
New Jersey State League of Municipalities • 222 West State Street • Trenton, NJ 08608 • (609) 695-3481 •FAX: (609) 695-0151