Provides for increase in relocation assistance amounts based on increase of CPI.
This bill (S 75) adjusts relocation assistance payments for people and businesses displaced by public projects in New Jersey. It increases three key payment types - moving expenses, dislocation allowances, and fixed business payments - based on annual changes to the Consumer Price Index (CPI). The current amounts start at $450 for moving expenses and $3,750 for business payments, with automatic annual increases tied to CPI after the 60th month. These adjustments ensure payments keep pace with inflation, directly benefiting displaced homeowners and small businesses affected by government property acquisitions.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Nilsa Cruz-Perez
DDemocratic
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