New Jersey secured $22.155 billion in federal revenue in FY2024, supporting 609 State-administered programs, according to a report from the state’s Grants Management Office. Though slightly down from the previous year due to the expiration of some COVID funding programs, funding was still 56% higher than in FY2019. This increase is attributed to proactive efforts by New Jersey agencies to pursue new federal funding opportunities. Medicaid was the largest program supported by federal funds, receiving $13.913 billion. Other programs funded included school breakfast and lunch programs, preschool support, violence prevention services, and cancer prevention programs. The Grants Management Office, established in 2022, assists in reducing barriers to federal grant funding by identifying opportunities and coordinating with federal grant applicants. Governor Phil Murphy highlighted the importance of federal funding for crucial programs in New Jersey, while State Treasurer Elizabeth Maher Muoio emphasized the role of the Grants Office in supporting and guiding future revenue pursuits. The full report is available on the Grants Management Office website.
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