TRENTON – Democratic lawmakers are set to introduce on Thursday compromise legislation on Thursday regarding the use of sales tax revenue to make open space purchases. However, the amount of sales tax revenue for those purchases would be limited to $200 million a year.
A resolution, SCR 138, that would have posted a ballot question asking voters to decide setting aside a portion of the sales tax for open space purchases sailed its way through the Senate, but never came up for a vote in the Assembly on Monday, as Democratic caucus members expressed concern about the funding mechanism.
The Assembly bill will be introduced Thursday by Assemblyman John McKeon and Assemblywoman Grace Spencer. The Senate bill will be introduced by Sen. Bob Smith and Sen. Donald Norcross.
The original resolution estimated some $17 billion would be raised over 30 years. The soon-to-be-introduced bill, however, would generate some $6 billion over that same period.