A 5206 New Jersey General Assembly · 2024-2025 Regular Session

Requires fiscal notes for all bills that establish new programs or expand existing programs.

This bill requires state legislators to obtain a cost estimate (fiscal note) for any bill that creates a new state-funded program or expands an existing one. It directly affects lawmakers drafting bills and the Legislative Budget and Finance Officer, who must request these estimates from the Division of Budget and Accounting. The key mechanism expands current law - previously requiring cost estimates only for bills affecting state spending or revenue - to specifically mandate them for all new program creations or expansions. The bill takes effect immediately upon passage.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2025 Last action Jan 16, 2025
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Jan 16, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Oversight, Reform and Federal Relations Committee
lower
1 primary · 2 co-sponsors

Sponsors