Establishes spending freeze for Fiscal Year 2027; requires excess revenues collected in FY2027 to be deposited in Debt Defeasance and Prevention Fund.
This bill freezes state spending for Fiscal Year 2027 at 2026 levels for specific funds, including the State General Fund, Property Tax Relief Fund, Casino Control Fund, Casino Revenue Fund, and Gubernatorial Elections Fund. Any revenue collected in FY2027 exceeding the 2026 total must be deposited into the Debt Defeasance and Prevention Fund in 2028. The requirement does not apply to federal revenue or constitutionally dedicated state revenue. The bill takes effect immediately and expires on July 1, 2028.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 24, 2026
Last action Feb 24, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Feb 24, 2026
Introduced
Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee
lower
1 primary · 1 co-sponsor
Sponsors
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