Amends State Constitution to prohibit State from using bonds to balance State budget.
ACR 91 proposes a constitutional amendment prohibiting New Jersey from using bond proceeds to balance its annual state budget. It specifically bans the State or any state agency from selling bonds or creating debt to fund regular government operations, except for new infrastructure projects not previously approved through annual budget appropriations. This would require the state to cover all regular spending with current revenue, not borrowed funds. The amendment aims to prevent using long-term debt to offset operating costs, as seen in past practices where bond funds were diverted to cover routine expenses.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly State and Local Government Committee
lower
1 primary · 1 co-sponsor
Sponsors
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