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Green Acres Funding Summary 1961-2009

 
Bond Acts and Other Sources TOTAL: $3.32 Billion
  • 1961 $60 Million (Land acquisition only)
    • $40 million for State acquisition and development
    • $20 million for Local acquisition (50/50 matching grants to municipalities and counties)

  • 1971 $80 Million (Land acquisition only)
    • $40 million for State acquisition
    • $40 million for Local acquisition grants

  • 1974 $200 Million (Funding for outdoor recreational development added)
    • $100 million for State acquisition and development
    • $100 million for Local acquisition and development grants ants

  • 1978 $200 Million
    • $100 million for State acquisition and development
    • $100 million for Local acquisition and development (grants and loans)
         (Half of which was to be spent in urban areas)

  • 1983 $135 Million
    • $52 million for State acquisition and development
    • $83 million for Local acquisition and development (grants and loans)
         (Beginning of the “Green Trust” revolving loan program. Loans made at 2% interest,
         repayable over 20 years. Partial grants also available.)

  • 1987 $35 Million* – for Green Trust loans only
    • [*Part of the $100 M “New Jersey Green Acres, Cultural Centers and Historic Preservation Bond Act of 1987”]

  • 1989 $230 Million*
    • $80 million for State acquisition and development
    • $120 million for Green Trust acquisition and development (loans and grants)
    • $20 million for grants of up to 50% for eligible urban area acquisition and development projects
    • $10 million for matching grants to qualifying tax exempt nonprofit organizations for acquisition only (Beginning of Nonprofit Program)
    • [*Part of the $300 M “Open Space Preservation Bond Act of 1989”]

  • 1992 $200 Million
    • $80 million for State acquisition and development
    • $100 million for Green Trust acquisition and development (loans and grants)
    • (A minimum of $25 million set aside for grants of up to 50% for eligible urban area acquisition and development projects)
    • [*Part of the $345 M “Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992”]

  • 1995 $250 Million (plus $30 Million for Blue Acres)*
    • $105 million for State acquisition and development
      • $65 million for State acquisition
        • $40 million general acquisition
        • $20 million for counties with population density of 1,000/sq. mile
        • $5 million for Limited Practical Use/Pinelands acquisition
      • $40 million for State development
    • $10 million for recreational development at Liberty State Park
    • $120 million for Green Trust acquisition and development (loans and grants)
      (A minimum of $18 million was set aside for grants up to 50% for eligible urban area acquisition and development projects.)
    • $15 million in Nonprofit matching grants (acquisition only)
    • $30 million for Blue Acres (administered by the Green Acres Program)
      • $15 million for Coastal acquisition ($6 M “pre-storm”; $9 M “post storm”)
      • $15 million for Inland acquisition (Passaic River)
    • [* Part of the $340 M “Green Acres, Farmland and Historic Preservation and Blue Acres Bond Act
      of 1995”]

  • 1999 Garden State Preservation Trust
    • Voters authorized $98 million per year for 30 years (10 years for new projects, 20 years for bond debt service), plus bonding authority up to $1.15 billion for Green Acres, Farmland Preservation, and Historic Preservation. Green Acres' share of the above is approximately:
      • $621 million for State Acquisition and development
      • $496 million for Local acquisition and development (grants and loans)
      • $124 million for Nonprofit matching grants (acquisition and now development)
      • $1.24 billion*
    • * This total is approximate, taking into account fluctuations due to interest earnings (added) and bond debt service (deducted).

  • 2003 $120 million*
    • $60 million for State acquisition and development
    • $48 million for Local acquisition and development (grants and loans)
    • $12 million for Nonprofit matching grants (acquisition and development)

    [*Part (80%) of $150 million in additional GSPT bond capacity approved by voters]

  • 2007 $109 million (plus $12 million for Blue Acres)
    • $45 million for State acquisition and development
    • $55 million for Local grants and loans (acquisition and development)
    • $9 million for Nonprofit matching grants (acquisition and development)
    • $12 million for Blue Acres (administered by the Green Acres Program)
      State acquisition of properties in certain floodways that are prone to flood or storm damage

    [* Part of the $ 200 M “Green Acres, Farmland, Blue Acres, and Historic Preservation Bond Act of 2007”]

  • 2009 $218 million (plus $24 million for Blue Acres)*
    • $90 million for State acquisition and development
    • $110 million for Local grants and loans (acquisition and development)
    • $18 million for Nonprofit matching grants (acquisition and development)
    • $24 million for Blue Acres (administered by the Green Acres Program)
      State acquisition of properties in certain floodways that are prone to flood or storm damage

    [* Part of the $ 400 M “Green Acres, Water Supply and Floodplain Protection, and Farmland and Historic Preservation Bond Act of 2009”]

Supplemental Funding (not ballot questions)

  • 1998 $25 million (FY 1999 budget)
    • 50% matching grants for local acquisition

  • 2007 $25 million (FY 2008 budget)
    • $20 million for local grants and loans (acquisition and development)
    • $ 5 million for nonprofit matching grants (acquisition and development)

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