New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A4885

Introduced

10/17/24

Refer

10/17/24

Caption

Prohibits certain State appropriations for Fiscal Years 2026 and 2027 from exceeding State appropriations for Fiscal Year 2025.

Impact

The bill includes several exemptions that would allow for increased appropriations in specific areas. These exemptions include state aid destined for school districts, municipalities, and counties, federal funding, payments required by state-administered retirement systems, and capital project funding, including infrastructure. By allowing these exceptions, the bill aims to safeguard essential services while still addressing overall spending limits. This balance seeks to support local government needs and critical projects without increasing overall state expenditure limits.

Summary

Assembly Bill A4885 is a legislative measure proposed in New Jersey that seeks to impose a cap on certain state appropriations for the fiscal years 2026 and 2027. Specifically, the bill stipulates that the total amount appropriated from the State General Fund, Casino Control Fund, Casino Revenue Fund, and Gubernatorial Elections Fund cannot exceed the appropriations made during the fiscal year 2025. This cap is intended to ensure fiscal discipline and budgetary control by limiting spending in the upcoming fiscal years to the levels of the previous year.

Contention

Opponents of the bill may raise concerns regarding the limitations imposed on state funding, particularly the potential ramifications for local governments and public services that rely heavily on state appropriations. There is a possible contention that the cap could hinder the ability of state and local agencies to respond effectively to increased demand for services in times of economic distress or emergency, which could impact areas such as education, infrastructure maintenance, and public safety. Thus, while the bill promotes fiscal restraint, it also requires careful consideration of its potential long-term impacts on public service delivery.

Latest NJ A4885 Activity

View All Events: NJ 2024-2025 Regular Session A4885

Companion Bills

No companion bills found.

Previously Filed As

NJ HB2455

Making and concerning certain supplemental appropriations for fiscal year 2026 and appropriations for fiscal years 2027, 2028 and 2029 for various state agencies.

NJ SB337

Making and concerning certain supplemental appropriations for fiscal year 2026 and appropriations for fiscal years 2027, 2028 and 2029 for various state agencies.

NJ HB2082

Making and concerning certain supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies.

NJ SB68

Making and concerning certain supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies.

NJ HB2513

Making and concerning supplemental appropriations for fiscal year 2026 and appropriations for fiscal years 2027, 2028, 2029 and 2030 for various state agencies, authorizing certain capital improvement projects and fees, authorizing certain transfers.

NJ H0968

Relates to the appropriation and transfer of moneys in the state treasury for fiscal years 2026 and 2027.

NJ S1215

Relates to the appropriations from the Idaho Millennium Income Fund for fiscal years 2025 and 2026.

NJ HB1

Making appropriations for the expenses of certain departments of the state for fiscal years ending June 30, 2026 and June 30, 2027.

NJ HB4706

Appropriations: omnibus; appropriations for multiple departments and branches for the fiscal year 2025-2026 and supplemental appropriations for fiscal year 2024-2025; provide for. Creates appropriation act.

NJ HB978

General appropriations; State Fiscal Year July 1, 2026 - June 30, 2027

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.