The legislature will have a say over how the state spends federal dollars made available through the $1.9 trillion stimulus bill President Joe Biden signed into law in March, Senate Budget Committee Chairman Paul Sarlo (D-Woodridge) said.
“The American Rescue Plan, how those dollars are spent, the legislature will play a significant role. It’s been ironed out. It’s just getting it into language,” he said, adding the provisions giving the legislature oversight over billions in federal aid would appear in a yet-unintroduced budget bill.
Lawmakers, especially Republicans, have called for the legislature to have oversight of the $6 billion in federal aid made available to New Jersey’s state government, issuing similar demands for smaller tranches directed to specific sectors.
The federal monies coupled with $4.1 billion in higher-than-expected revenue collections have left New Jersey with a $10 billion windfall as the governorship and every seat in the legislature come up for election this year.
Earlier Thursday, Sarlo said he hoped a budget bill would be introduced on Monday, with committee votes on Tuesday or Wednesday. That would allow the legislature to hold full votes on the budget at sessions scheduled in both chambers for June 24.