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Credit Pacific Service Union Tacking on to his comments made during his State of the State address in January, Gov. James E. McGreevey on Thursday unveiled the first in a series of legislative packages to implement his Smart Growth agenda.

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Credit First Service Union The proposals would accelerate the preservation of New Jerseys open space and farmland as well as support the development or upgrading of 200 local parks. The governors plan would also seek to conserve the states natural resources. Legislation to authorize the proposals will be introduced next week.

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Card Credit Mobile Service We lose nearly 50 acres of land a day to poorly controlled development in New Jersey, McGreevey said from under a pavilion at Cadwalader Park in Trenton. The opportunity to preserve our dwindling open space is swiftly passing us by and will soon be lost without the aggressive actions outlined in these proposals.

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Card Credit Discover Service McGreeveys proposal calls for:

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Credit Public Service Union Raising the cap on the bonding capacity of the Garden State Preservation Trust.

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Card Credit Processing Service Exempting the sale or transfer of land to the state for farmland and open space preservation and parkland from capital gains taxes

Center Credit Service Union Allowing farmers to average yearly net profits over a four-year period to level out their tax liability.

Card Credit Service Wireless Giving the state power to use eminent domain to acquire farmland properties.

Credit Security Service Union Today, we are at a crossroads in New Jersey, McGreevey said. We can carry on as we have and leave nothing to our children but asphalt and suburban sprawl. Or, we can take the bold action necessary to leave them a legacy with plenty of open space, clean water for drinking, farming and recreation, and a quality of life as good as we have had growing up in New Jersey. I hope and expect legislators on both sides of the aisle will choose to leave a legacy.

Credit Report Service McGreevey was joined at the announcement by Bradley Campbell, commissioner of the state Department of Environmental Protection; Department of Agriculture Secretary Charles Kuperus; Community Affairs Commissioner Susan Bass Levin; State Treasurer John McCormac; and statewide environmental groups.

Blogspot Com Christian The proposal to raise bonding capacity for the preservation trust will have the effect of increasing by at least $100 million the amount of money available for open space preservation over the next three years. McGreevey has proposed these additional funds be divided between land acquisition in the New Jersey Highlands and local park upgrades and expansions throughout the state.

Christian Counseling Credit The Highlands area supplies one-third of New Jerseys drinking water and runs through 13 Sussex County municipalities. A recently released report from the U.S. Department of Agricultures Forest Service stated that projected rates of development in the Highlands would have significant detrimental effects on the high quality water this area provides.

Credit Federal Service Union The capital gains proposal would authorize the treasury department to exempt from the states capital gains tax open space transfers to the state. It would apply to land given or sold to the state for the purpose of increasing parkland or preserving open space or farmland and would expire after three years.

Credit Monitoring Service Both of these proposals are intended to expedite open space preservation.

Credit Division Service The governors proposals for open space preservation are critical to New Jerseys quality of life, Campbell said. They will ensure that present and future state residents have access to recreational opportunities and that New Jersey protects the water supply needed for a growing population and a growing economy.

Card Credit Online Service Allowing the state to use eminent domain will give it the ability to negotiate better purchase prices with land owners and compete with developers, David Pringle of the New Jersey Environmental Federation, told the Associated Press.

Consumer Counseling Credit Inc Even if it is never used, having it in the toolbox will ensure we get a bigger bang for the taxpayer dollar, Pringle said.

Card Credit Fleet Service Another proposal outlined Thursday will provide farmers with more control over financial risks by allowing them to average yearly net profits over a four-year period to level out their tax liability. Because of the cyclical nature of farming operations, a farmer who suffers financially in one year will be able to balance that with a net gain in another year.

Card Consolidation Credit Preserving our farmland and keeping our agricultural opera- tions economically viable are essential to saving New Jerseys working farms, said Kuperus, who served as Sussex County freeholder director in 2001. The initiatives announced today will help New Jersey protect more farmland and ensure that farmers can afford to remain on the land.

Credit Free Online Report By Russ Flanagan
NJ Herald - 3/7/2003

Topic: Less Sprawl

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