State Funds For Ramapo College May Finally Free Up

MAHWAH, NJ – New Jersey officials are signaling that they could finally free up millions of dollars that were frozen during a summer budget battle – a development that could have a big impact on a number of towns, colleges and roads.

It wasn't immediately clear what items could be funded, however Ramapo College of New Jersey was previously allocated $1 million for general operations.

Department of Treasury officials said this week that some of the frozen money could soon be released that could help fund 64 items– all of which would be useful for millions of New Jersey residents.

RELATED: New Developments On $235M Frozen By Gov. Phil Murphy
Click here to see the full list of frozen items

The Murphy administration froze $235 million in spending during the summer since Gov. Phil Murphy failed to get what he's long sought for in the 2020 budget: a millionaire's tax.

Murphy signed the 2020 budget in June after a protracted, acrimonious battle between himself and Senate President Stephen Sweeney, who vehemently opposed the millionaire's tax.

In July, the Department of the Treasury released the list of spending items that have been placed into reserve pursuant to Executive Order No. 73 signed by Murphy.