New Jersey received $22.155 billion in federal funds for fiscal year 2024, according to a report from the state's Grants Management Office (GMO). This funding supported 609 state-administered programs. Although the total was slightly less than the previous year due to the end of some COVID-related funding programs, it represented a 56 percent increase from fiscal year 2019, the last pre-pandemic year.
Governor Phil Murphy highlighted the importance of these funds, stating, "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."
State Treasurer Elizabeth Maher Muoio expressed appreciation for the GMO's efforts: "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," she said. "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."
The report provides details on federal revenue on a state fiscal year basis and includes descriptions of various funded programs. Medicaid was identified as the largest recipient of federal funds at $13.913 billion. Other federally funded initiatives included school meal programs, preschool support, violence prevention services, conservation efforts, and cancer prevention.
The Grants Management Office was established following Governor Murphy's signing of P.L.2021, c. 122. The office aids in reducing barriers to federal grant funding by identifying opportunities and coordinating among applicants across New Jersey. While it assists local governments, state agencies, and non-profits with grant applications and administration capacity building, it does not apply for or award grants itself.
The full report is available on the Grants Management Office website.
