NJ A6269

Expands the definition of "qualifying municipality" for urban aid eligibility to include fourth-class cities or municipalities with populations between 2,000 and 2,200 located in sixth-class counties

Requires these newly eligible municipalities to have either the highest effective property tax rate in their county or rank within the top three percent of most distressed municipalities statewide according to the DCA Municipal Revitalization Index

Specifically designed to allow the City of Wildwood and the Borough of Woodbine in Cape May County to qualify for state urban aid funding

Extends additional benefits and considerations available to urban aid municipalities beyond direct funding, due to existing statutory references to P.L.1978, c.14