Prohibits certain State appropriations for Fiscal Years 2026 and 2027 from exceeding State appropriations for Fiscal Year 2025.
This bill sets a spending cap on certain state funds for fiscal years 2026 and 2027, requiring that total appropriations from the State General Fund, Casino Control Fund, Casino Revenue Fund, and Gubernatorial Elections Fund not exceed the combined total allocated for those same funds in fiscal year 2025. It directly affects the state budget process by preventing increases in these specific funding categories above 2025 levels. The cap includes key exemptions, such as funding for public schools, federal reimbursements, retirement payments, capital construction projects (like transportation infrastructure), debt payments, emergency needs (excluding routine operations), and Property Tax Relief Fund allocations. The bill takes effect immediately upon enactment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2024
Committee Review
Floor Vote
Governor
Introduced Oct 17, 2024
Last action Oct 17, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Oct 17, 2024
Introduced
Introduced in the Assembly, Referred to Assembly State and Local Government Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Roy Freiman
DDemocratic
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