The bill addresses a controversy that arose from a law passed last month dealing with alcohol and marijuana posession by youth now that pot is legal for adults.
Black lawmakers and advocacy groups are advocating for legislative leaders to hold hearings in March on a bill creating a New Jersey Reparations Task Force.
Fines are scaled back for youth possession of marijuana, and reports would be required every six months on police interactions with juveniles over pot use.
The $7.7 billion in spending will keep the state operating through September. Big decisions about cuts, taxes and borrowing are due over the next three months.
Senate votes to create a June 19 state holiday. Assembly votes to commemorate Black Lives Matter each July 13. Neither bill has yet made it to Gov. Phil Murphy.