Makes supplemental appropriation of $144.2 million to provide additional Outcomes-Based Allocation funding to four-year public institutions of higher education.
This bill provides a $144.2 million supplemental appropriation to New Jersey's public four-year universities for the 2025 fiscal year. It adds to the existing $220.5 million in Outcomes-Based Allocation funding, distributing specific amounts to 13 institutions like Rutgers campuses, NJIT, Rowan, and Montclair State. The funding is tied to performance metrics including degrees awarded, diversity outcomes, STEM/healthcare degrees, and student financial need. This is a direct budgetary adjustment to support institutional funding based on predefined educational outcomes, not a new policy.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 13, 2025
Last action Feb 13, 2025
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1
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Committee
0
Feb 13, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Higher Education Committee
lower
2 primary · 0 co-sponsors
Sponsors
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