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A 4948

Provides earned income tax credit to youth workers, increases standard deduction for individuals 18 to 24, and provides for deduction of student loan interest

2025 Regular Session Introduced by Harry Bronson and 1 co-sponsor

Allows Perth Amboy to use unspent FY2024 Convery Boulevard Bridge funds for other pedestrian-safety projects, with approval by the Budget Director; immediate effect.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 4948

Bill Summary — A4948 (P.L.2025, c.31)

Status: Approved (Chapter 31, P.L.2025) — Effective March 6, 2025
Introduced: October 21, 2024
Primary sponsor: Assemblywoman Yvonne Lopez (D-19)
Companion: S3819

Main purpose

Allows the unexpended balance of a FY2024 State aid appropriation originally designated for the City of Perth Amboy’s Convery Boulevard Pedestrian Bridge to be used for other pedestrian safety infrastructure projects in the city.

Key provisions

  • Adds language to section 1 of P.L.2024, c.22 (the FY2025 State appropriations act) authorizing the City of Perth Amboy to use the unexpended balance at the end of the preceding fiscal year from the appropriation for the Convery Boulevard Pedestrian Bridge (PTRF) for pedestrian safety infrastructure projects.
  • Uses of those funds remain subject to approval by the Director of the Division of Budget and Accounting.
  • The provision is immediate in effect upon enactment.

Background / Rationale

  • The original appropriation (enacted June 30, 2023, under the FY2024 appropriations act) provided $2 million from the Property Tax Relief Fund for a pedestrian bridge in Perth Amboy.
  • Since enactment, the proposed Convery Boulevard bridge was deemed unfeasible. This bill permits the locality to apply the already-appropriated funds to alternative pedestrian safety improvements.

Who is affected

  • City of Perth Amboy — gains flexibility to spend the previously appropriated funds on other pedestrian safety projects within the city.
  • New Jersey Division of Budget and Accounting — retains oversight authority to approve the reallocation.
  • No change to statewide appropriations totals; funds remain State-aid but with expanded permissible purposes.

Fiscal impact and procedural notes

  • The Assembly Appropriations Committee reported favorably (Oct. 24, 2024); Senate Transportation Committee reported with amendments (Dec. 5, 2024).
  • Votes: initial Assembly passage 75-0 (Oct. 28, 2024); later passed both houses (Senate 23-15 on Feb. 25, 2025; Assembly concurrence recorded Feb. 27, 2025). Enacted as P.L.2025, c.31 on March 6, 2025.
  • The bill was not certified as requiring a fiscal note; it reallocates existing appropriated funds rather than creating a new appropriation.

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

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