The U.S. Treasury department has issued guidance about how funds from the CRF, which was part of the major stimulus bill known as the CARES Act, can be spent. And last Thursday he said he will commit up to $50 million — along with another $10 million from funding targeted for school relief — to help schools improve internet connectivity and provide digital devices to all students who need them. Thanks for reading! In brief, the money can be used to cover necessary expenditures due to the pandemic that were not already budgeted for and incurred between March 1 and Dec. 30, 2020. 'The Vaccine Is Safe,' Says First American To Get The Pfizer Dose, Latest NJ Nor'easter Snow Update: 24 Inches, 55 MPH Wind Possible. Font Size: An American woman has been charged by federal prosecutors with trying to hide multiple attempts to send money to Al-Qaeda linked militants in Syria. "Governor Murphy's strong leadership throughout this outbreak and commitment to supporting these critical programs will provide immediate relief to the business owners and workers who need it most while continuing our progress toward a stronger, fairer recovery.". NJ Spotlight exists in part thanks to generous foundation support, including our founding funders the Community Foundation of New Jersey, the John S. and James L. Knight Foundation, and the William Penn Foundation -- as well as the Robert Wood Johnson Foundation, the Fund for New Jersey, the Peter and Carmen Lucia Buck Foundation, the Wyncote Foundation, and the Healthcare Foundation of New Jersey, and the Nicholson Foundation. Information available on the Web about state government grants can be accessed from this page. Some Republicans say they think Murphy is holding tight to that money in the hope a change of heart from the Trump administration will allow him to spend it to make up for lost revenues in the current and next budgets. Give a Terrific Gift! Included in that total is the almost $2.4 billion CRF money from the CARES Act that the state has some leeway in spending. Have a news tip you'd like to share? Jersey City, over the Hudson River from Lower Manhattan, is the site of Liberty State Park, where ships set out for Ellis Island, with its memorable Immigration Museum, and the famous Statue of Liberty. "If we are to emerge from this pandemic stronger and more resilient than we were before, it is incumbent on us to support them in any way possible. It “may prioritize” giving money to the 12 counties that did not get any direct federal stimulus funding. I was not able to determine how much money is being held in New Jersey, but based on the population and comparing it to other states, I would have to think that it is at least $1 billion. Murphy disputed that during a briefing on the viral pandemic last Friday. Vanguard decided to close the two tax-exempt municipal funds, the $1.8 billion Pennsylvania Municipal Money Market and the $1.2 billion New Jersey Municipal Money Market, as supplies of municipal bond securities in the two states dried up. Chatham High School pauses in-person learning after a spike in COVID-19 cases, Spreading Hanukkah’s message of hope during COVID-19, Bracing for debate over child COVID-19 vaccine, As NJ awaits first delivery of COVID-19 vaccine, concern over ‘vaccine hesitancy’. Last week, Murphy signed a bill that allows the state to borrow up $9.9 billion to cover what he and sponsors say are emergency costs associated with the coronavirus crisis. The bulk of the money, $70 million, will be distributed to restaurants, microbusinesses, and other small businesses through Phase 3 of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program. The following terms are used to describe a state's finances: 1. If you think you might have lost funds in New Jersey or even if you’re just curious, visit the Unclaimed Money homepage and submit your full name and state where you reside. Eligible workers should expect to see a … Phase 3 of the Grant Program expands eligibility to any business with 50 or fewer full-time equivalent employees (FTEs) and increases the amount of funding businesses can receive. Find your nearest New jersey MoneyGram location today! The bulk of the money, $70 million, will be distributed to restaurants, microbusinesses, and other small businesses through Phase 3 of the New Jersey … Major funding provided for Chat Box with David Cruz provided by; New Jersey Manufacturers Insurance Group, New Jersey Education Association, and Fuel Merchants Association of New Jersey. Students in Bridgewater schools perform 18% better than state averages on math testing and 20% better on reading tests. Many State Agencies and organizations are responding with needed programs during this serious health emergency. Learn Photography from Anywhere! “NJAC is once again urging Governor Murphy to release this critical funding in a timely manner to help alleviate the daunting fiscal burden imposed on local governing bodies and property taxpayers.”. New Jersey Government is open and working for you. N.J.S.A. New Jersey Lost Funds – Only A Simple Search Away. However, unclaimed property can consist of a variety of different types of properties, both tangible and intangible, which is unclaimed by its rightful owner. TRENTON - -Governor Murphy issued a revenue certification today, as required by the New Jersey Supreme Court before any general obligation bonds can be issued under the COVID-19 Emergency Bond Act. A New Jersey woman is charged with sending money to a terrorist group in Syria affiliated with al-Qaeda. Expendituresgenerally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation. Two months ago, he announced plans to spend $50 million for small business grants and loans. November 25, 2020 2:05 PM ET. Chatham Business Owner Named A TIME Magazine Hero Of 2020, Nor’easter Forecast In Mendham, Chester: What To Expect, Morristown Medical Center To Begin Giving COVID Vaccines Tuesday, Here Is The Cheapest House On The Block In Mendham, New Jersey Pledges 14 Electoral Votes To Joe Biden/Kamala Harris. Verified Purchase. All government entities with a population of at least 500,000 were eligible for funding. Phil Murphy complained Wednesday about the latest federal stimulus proposal from Senate Republicans and its lack of funding for states, … The UK's new 12-sided … "Supporting small businesses is vital to ensuring New Jersey's economy withstands the immediate impacts of the COVID-19 pandemic and is well-positioned for a strong recovery. With restrictions on spending CRF money well-known, lawmakers and various organizations continue to call on Murphy to spend the money. New Jersey unclaimed money arises whenever former owners are unable to be located by investment banks, realtors, or financial institutions for longer than one year. That is an average of almost $3000 per claim. The state has spent less than 10% of the funds, not less than 3% as earlier reported. McConnell discussed his plan for a new stimulus bill earlier this week and while he said it has money for individuals, businesses and schools, it does not have general aid for states. New Jersey Woman Charged With Funneling Money To Terrorists In Syria (OMAR HAJ KADOUR/AFP via Getty Images) Comments Dylan Housman Contributor. “I actually think he is hoarding that money.”. She joined NJ Spotlight News in 2011 and now serves as its data reporter, as well as covering general assignment topics that include elections, politics, criminal justice, social issues and affordable housing. Counties with populations of more than 500,000 got direct federal assistance for testing, personal protective equipment, disinfecting county facilities, collecting and sharing public health data, providing shelter and many other purposes. However, most New Jersey unclaimed money is a direct result of previous owners passing away. Sen. Or maybe you have a press release you would like to submit or a correction you'd like to request? But speaking on the floor of the state Senate as that house debated the borrowing bill, Sen. Anthony M. Bucco (R-Morris) said, “$2.1 billion of federal CARES Act block grant money sits in treasury accounts today.”. However, most New Jersey unclaimed money is a direct result of previous owners passing away. More information on that program is available here. Initially, the British pound and some foreign currencies circulated, supplemented from 1709 by local paper money. But he complained the latest proposal from U.S. Senate Majority Leader Mitch McConnell (R-Kentucky) for a new stimulus bill would allow “zero flexibility” and that New Jersey and other states need more financial help. A proclamation of Queen Anne, issued in 1704 and legislated by parliament in 1707, standardized the value of all colonial currencies at 6 colonial … TRENTON, N.J. — New Jersey spent more than three decades and over $100 billion targeting money to its most struggling school districts in an … That leaves more than 88% either unspent or uncommitted about four months after the state learned how much it would receive. Learn more about posting announcements or events to your local Patch site. Bucco is a co-sponsor, along with Sen. President Steve Sweeney (D-Gloucester) and others, of a bill (S-2704), introduced last Thursday, that would spend $30 million of CARES Act funding to provide relief to restaurants that had geared up to open indoor dining July 2 only to have Murphy change his mind a few days beforehand and keep indoor dining shut. Really, it is probably more than that. Around 22,000 businesses in New Jersey were approved for loans greater than $150,000. Launched in early April, the Small Business Emergency Assistance Grant Program provides grants to small businesses impacted by the pandemic. The New Jersey Association of Counties has been pleading with the governor for months to use CARES Act funds to reimburse the dozen counties that received no direct help from the federal government for the millions they have spent responding to the pandemic. Transfer money and pay bills with your nearby MoneyGram location in New jersey. But the Republican-controlled Senate has refused to take up the measure. Tewksbury Township is the only area in Hunterdon County to make this list, complete with a median income of over $173,000. New Jersey unclaimed money arises whenever former owners are unable to be located by investment banks, realtors, or financial institutions for longer than one year. While Gov. New Jersey is a northeastern U.S. state with somewhere in the range of 130 miles of Atlantic coast. A New Jersey woman has been arrested on charges that she was sending money to a foreign terrorist organization in Syria, according to the U.S. Attorney's office. “That money should have been out on the street as soon as we got it,” said Assemblyman Hal Wirths (R-Sussex), the Assembly Republicans’ budget officer. Everyday citizens are finding lost funds in New Jersey using their computers and mobile devices. Please create a new account for reporting and remitting your unclaimed property. John Hart is the only signor of The Declaration of Independence who also signed colonial currency from New Jersey. Claim Center Information. New Jersey is currently holding hundreds of millions of dollars in unclaimed funds! Republicans and some Democrats, as well as numerous groups — including those representing immigrants, businesses and counties — have been calling on the governor to spend this money, and soon, because there are so many needs throughout the state. However, although the notes were denominated in pounds, shillings and pence, they did not have the same value as the British pound sterlingor of other colonial currencies with denominations in pounds. The remaining $5 million will be used to provide relief for New Jersey residents facing food insecurity. As far as money coming specifically from the CRF is concerned, Murphy has so far announced two fairly large expenditures. 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