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NJ S4494
Bill
Status
5/22/2025
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
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Redirects the full $3.00 daily casino hotel parking fee revenue to the Casino Reinvestment Development Authority (CRDA), eliminating the $0.50 per day portion currently deposited into the Casino Revenue Fund beginning in State fiscal year 2026
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Expands CRDA's permitted use of parking fee revenues from projects only in Atlantic City's "corridor region" to any projects within the entire City of Atlantic City boundaries
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Allows CRDA to use parking fee revenues for any statutory purpose of the authority as approved by its membership, not just highway, infrastructure, and traffic-related improvements
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Parking fee revenue will no longer support the Casino Revenue Fund, which provides property tax relief and utility assistance to eligible senior citizens and individuals with disabilities
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Takes effect on the first day of the second month following enactment
Legislative Description
Requires all revenue generated by casino hotel parking fee to be provided to CRDA; expands permitted uses of parking fee revenues by CRDA.
Budget and Appropriations
Last Action
Referred to Senate Budget and Appropriations Committee
12/1/2025