Increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over two years; prohibits anticipation of certain revenue in municipal budget; requires additional aid be subtracted from municipal property tax levy.

This bill increases annual payments from New Jersey's Energy Tax Receipts Property Tax Relief Fund to municipalities over two years, replacing the current fixed $740 million allocation. It prohibits municipalities from counting anticipated revenue from this fund when creating their annual budgets and requires that any additional aid must be subtracted from their property tax levy amounts. The bill directly affects all New Jersey municipalities receiving these state aid payments, including cities, towns, and counties. If enacted, it would provide incremental funding increases while ensuring local tax burdens are adjusted downward proportionally.