JOHN REITMEYER, BUDGET/FINANCE WRITER
JUNE 2, 2021 | BUDGET, CORONAVIRUS IN NJ
New Jersey has received more than $6 billion in federal COVID-19 relief funding, and like other federal aid programs, there’s a long list of things the money can and cannot be spent on.
Gov. Phil Murphy has yet to say exactly how the state plans to use its share of funding from the American Rescue Plan Act within those rules.
But the governor has said recently that he’s been having “good conversations” with lawmakers, who’ve already signaled they want a role in appropriating the latest tranche of federal aid.
The discussions are underway as Murphy and fellow Democrats who control both houses of the state Legislature gear up to also negotiate the next annual budget in the run-up to the July 1 start of the state’s fiscal year.
While there’s no specific deadline for deciding how to use the federal relief funding, the state does have to spend its share of the aid money by Dec. 31, 2024, according to the rules issued along with the relief.
READ: $6B+ in latest federal relief lands in NJ. Treasurer says no spending plan yet
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Here’s a breakdown of some of the background and the rules for the federal aid, as well as a look at best practices and what other states are already doing with their share of the federal funding.
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