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New Jersey’s Federal Funding Reaches $22 Billion, Marks 56% Increase Since Pre-Pandemic
Grants Management Office reports 609 state programs benefitting from infusion of federal revenue.
NEW JERSEY – Despite a modest decline as certain COVID-19 programs expire, New Jersey has secured an estimated $22.155 billion in federal revenue for Fiscal Year 2024, marking a 56 percent rise compared to pre-pandemic levels in FY2019. According to a pioneering new report from New Jersey’s Grants Management Office (GMO), this funding stream supported 609 State-administered programs, reflecting the state’s proactive pursuit of federal resources.
“Securing this federal funding is critical to boosting programs that make New Jersey a stronger, fairer, and safer place to live—and Treasury’s Grants Management Office has furthered that mission since it was established in 2022. My Administration will continue to pursue opportunities for federal funding for crucial programs that provide children with free meals, make health care affordable, and prevent violence in our communities,” said Governor Phil Murphy.
Historic Investment in Multiple Sectors
- Medicaid tops the list, consuming $13.913 billion of federal allocations, underscoring its significance in providing healthcare to low-income and disabled residents.
- Other federally backed programs target a wide spectrum of public services, including school breakfast and lunch for children, preschool support, violence prevention initiatives, water and land conservation, and cancer prevention programs.
Though certain emergency COVID-19 funding has lapsed, the overall total still surpasses pre-pandemic benchmarks by more than half. State agencies capitalized on new or expanded federal grant opportunities, enabling an enduring upswing in help for New Jersey’s communities, schools, and infrastructure projects.
Grants Management Office Efforts
Established after the signing of P.L.2021, c.122, the Grants Management Office—housed under New Jersey’s Department of the Treasury—coordinates efforts among state agencies, local governments, and nonprofits to remove barriers to obtaining federal grants. However, the GMO neither awards nor directly applies for grant funding. Instead, it works behind the scenes to identify opportunities, build capacity among potential applicants, and foster collaboration to ensure New Jersey’s interests are effectively represented in Washington, D.C.
“By actively seeking and securing valuable grant opportunities, we are ensuring critical State programs have the resources they need to support New Jerseyans and fulfill their missions,” said State Treasurer Elizabeth Maher Muoio. “I’d like to thank the Grants Management Office for their work in compiling this report, which gives the State a better understanding of federal funding levels and will guide our future revenue pursuits.”
With bolstered federal financing and an ever-evolving set of grants, New Jersey aims to maintain momentum and continue delivering a higher caliber of services to residents across the Garden State. For additional resources or assistance, interested agencies and nonprofit organizations can reach out to the Grants Management Office.
