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Bill

S 4621

Authorizes State Treasurer to sell as surplus property certain land and improvements in City of Trenton and Township of Lawrence in Mercer County.

2024-2025 Regular Session Introduced by Linda Greenstein and 1 co-sponsor

New Jersey authorizes selling state-owned properties in Trenton and Lawrence Township to generate revenue, with sparse details on which parcels or their disposition terms.

Substituted by A5857 (1R)
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Bill Summary · S 4621

Legislative bill overview

S 4621 authorizes New Jersey's State Treasurer to sell specific state-owned properties located in Trenton and Lawrence Township (Mercer County) as surplus land. The bill streamlines the process for disposing of these real estate assets that the state no longer needs for operational purposes.

Why is this important

State-owned property sales generate revenue for the state budget and can facilitate local development or redevelopment in economically important areas. The bill addresses property management efficiency, potentially freeing up underutilized assets while generating funds for state coffers during a period of budget constraints.

Potential points of contention

  • Lack of public transparency: The bill does not specify which properties are being sold or their current assessed values, limiting public ability to evaluate whether sales prices are fair market value
  • Local community impact: Trenton and Lawrence residents may have concerns about lost tax-generating potential or whether sold properties could have served community needs
  • Sale process details absent: The bill doesn't outline whether properties will be competitively bid, sold to developers, or transferred to municipalities, raising questions about accountability and optimal use

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

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