A 4885 New Jersey General Assembly · 2024-2025 Regular Session

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
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Oct 17, 2024
Introduced
Introduced in the Assembly, Referred to Assembly State and Local Government Committee
lower
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
District
P
Photo of Roy Freiman
Roy Freiman
DDemocratic
NJ
16