Red Bank Receives $220K In Infrastructure Funding From NJ

RED BANK, NJ - Red Bank Borough recently received $220,000 in state funding aimed at roadway improvements on South Street, according to the New Jersey Department of Transportation.

More than 50 municipalities in Monmouth County were awarded a grand total of $12,891,992.

Earlier this month, Gov. Phil Murphy announced a total of $161.25 million in municipal aid grants to be bestowed to 543 cities and towns across the state for the purposes of advancing road, bridge, safety, and quality-of-life improvements.

The state’s 2016 Transportation Trust Fund renewal made it possible to continue to award $161.25 million annually – more than double the $78.75 million that was available before the TTF renewal, according to a news release. Moreover, the extra funds have allowed the department to increase the number of municipalities receiving grants from about 370 a year prior to the TTF renewal to 543 municipalities in 2020.

Under the Municipal Aid grant program, each county is allocated a share of the total funding based on population and the number of local centerline miles, according to the governor’s office. Municipalities compete for portions of their county’s share. The New Jersey Department of Transportation provides 75 percent of the grant amount to a municipality when it awards a contract.

“These grants are further demonstration of the partnership between my Administration and our communities to build a stronger, safer, and more modern transportation network,” said Gov. Murphy. “In a state as densely populated as New Jersey, where our interconnectedness is a strength, these vital investments will increase safety, foster mobility, and improve the quality-of-life for New Jerseyans statewide.”