WeVote
Log In

Bill

Bill

A 6074

Authorizes State Treasurer to sell as surplus certain real property and improvements in Borough of Lodi in Bergen County.

2024-2025 Regular Session Introduced by Clinton Calabrese

New Jersey authorizes State Treasurer to sell surplus state-owned real property in Lodi, Bergen County to generate revenue and reduce state asset holdings.

Introduced in the Assembly, Referred to Assembly State and Local Government Committee
#counties #stategovt
0
WeVote Research Nonpartisan
Bill Summary · A 6074

Legislative bill overview

Bill A 6074 authorizes New Jersey's State Treasurer to classify and sell specific real property and improvements owned by the state in Lodi, Bergen County as surplus assets. The bill appears to be a straightforward property disposition measure that would allow the state to divest itself of underutilized real estate holdings in that municipality.

Why is this important

State-owned properties that are no longer needed for public purposes represent potential sources of revenue when sold, and can also reduce ongoing maintenance and operational costs. The proceeds from such sales can be directed toward state priorities, while removing unused properties from the public balance sheet may also benefit local tax bases and development patterns in the affected community.

Potential points of contention

  • Lack of public detail: The bill title does not specify which properties are involved, their current use, assessed value, or intended use after sale, making it difficult for stakeholders to assess implications
  • Community impact unknown: Local residents and officials in Lodi may have concerns about loss of public assets, potential development changes, or whether the state received fair market value
  • Process transparency: No information is provided about how the surplus determination was made, whether alternatives were considered, or what conditions (if any) will attach to the sale

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.