Establishes spending freeze for Fiscal Year 2027; requires excess revenues collected in FY2027 to be deposited in Debt Defeasance and Prevention Fund.
Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance.
Providing for limit on fiscal year spending, emergency spending and requirement for raising revenue; and establishing the Commonwealth Reserve Fund.
Concerning the over-refund amount for state fiscal year 2024-25 of state revenues in excess of the state fiscal year spending limit under section 20 of article X of the state constitution, and, in connection therewith, making an appropriation.
Appropriates $3 million annually to Freedom Schools in New Jersey using funds collected under Social Equity Excise Fee.
Appropriates $3 million annually to Freedom Schools in New Jersey using funds collected under Social Equity Excise Fee.
Establishes special dredging account; directs $5,000,000 of sales tax collected annually be deposited therein; directs DEP to administer account and dredging program with certain requirements.
Establishes special dredging account; directs $5,000,000 of sales tax collected annually be deposited therein; directs DEP to administer account and dredging program with certain requirements.
Requires BPU to adjust societal benefits charge if excess funds are collected and provides that excess funds may only be spent on measures to reduce electric and natural gas usage.
State fiscal affairs; modifying fiscal years requiring estimated revenue collections. Effective date.