A 6062 New Jersey General Assembly · 2024-2025 Regular Session

Establishes NJ FamilyCare Stabilization Fund.

This bill establishes the NJ FamilyCare Stabilization Fund, a renewable fund in the state treasury to protect health coverage for low-income New Jersey residents. It directs 5% of the state's unreserved General Fund balance (e.g., $335 million for FY2026) to be transferred annually into the fund. The fund's resources maintain existing FamilyCare services and benefits if federal Medicaid reimbursements drop by 15% or more in a fiscal year, with disbursements capped at 60% of the fund's July 1 balance. The bill also requires annual reports to the legislature on fund status and expenditures to ensure transparency.
Bill status in committee 1 of 4 stages cleared
Introduction
Nov 2025
Committee Review
Floor Vote
Governor
Introduced Nov 17, 2025 Last action Nov 17, 2025
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Nov 17, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Aging and Human Services Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Shanique Speight
Shanique Speight
DDemocratic
NJ
29