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401 Grand St. Paterson, NJ 07505 | (973) 881-4000
"Rich History, Bright Future"

Capital Projects

A capital project includes the acquisition of land, new structures and equipment, and other projects whose cost of land, planning, furnishing, and equipment is estimated over $50,000. Projects or acquisitions under $50,000 are appropriated in the maintenance accounts in the Direct State Services Section of the Budget. New Jersey funds capital projects by means of four methods:

• Through general obligation bonds approved by voters and guaranteed by the State;
• Through bonds issued by semi-autonomous authorities, usually repaid over the life-expectancy of the project repaid by annual appropriation of the legislature;
• Annual pay-as-you-go capital appropriations and;
• A master lease program.

Click here for Passaic County's Capital Budget