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I keep hearing about the Garden State Preservation Trust. Why isn’t this money being used to replenish that program?

April 26, 2017garden state hearing isn’t money preservation program replenish Trust Used

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I keep hearing about the Garden State Preservation Trust. Why isn’t this money being used to replenish that program?

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The Garden State Preservation Trust (GSPT) is a financing authority that manages funds for the highly-successful Green Acres and the farmland and historic preservation programs. Established with the approval of voters in November of 1998 by a 2 to 1 margin, the GSPT has successfully preserved open spaces, farmland, and historic sites for the last ten years, but its funds have now run dry. The Bond Act of 2007 will temporarily provide funding for these programs while the Governor and State Legislature identify and adopt a long-term funding source for the GSPT.