Maddy summaryThis bill establishes a new program (the "Resiliency and Environmental System Investment Charge" or RESIC) allowing New Jersey water and wastewater utilities to recover costs for specific environmental and infrastructure projects through a surcharge on customer bills. It covers costs related to compliance with environmental regulations (like clean water laws), installing new systems for public safety/resiliency, or replacing aging infrastructure, provided the projects are non-revenue producing and approved by the Board of Public Utilities. Utilities would calculate a surcharge based on approved investments, with a cap on total recoverable costs, and apply it over a six-month recovery period. The program directly affects investor-owned and qualifying municipal utilities providing water/wastewater service to over 1,000 customers outside their municipality. Note: This bill was introduced in January 2024 but was withdrawn the same day.
Sponsored bills
Maddy summaryThis bill (S 58) provides property tax exemptions for New Jersey veterans with service-connected disabilities. It allows veterans with a 30% or higher disability rating (including specific conditions like blindness, amputations, or paralysis) to receive a tax exemption proportional to their disability percentage, up to 100%. Surviving spouses of eligible veterans or those who died in service also qualify for similar exemptions under defined conditions. Crucially, the bill requires the state to reimburse municipalities 102% of the lost tax revenue from these exemptions, ensuring local governments aren’t financially burdened. The policy directly affects honorably discharged veterans with qualifying disabilities and their surviving spouses.