Proposes constitutional amendment restricting use of funds realized from transfer of State government and independent State authority capital assets only for capital projects and not for State government operating expenses.
Impact
If adopted, this constitutional amendment would modify Article VIII, Section II of the New Jersey Constitution. It emphasizes fiscal responsibility by mandating that proceeds from the transfer of real property, either through sale or lease by State departments or independent authorities, be handled distinctly from general revenue. By enforcing this separation, the amendment aims to bolster funding for capital improvements, potentially leading to enhanced infrastructure development across New Jersey.
Summary
Senate Concurrent Resolution No. 80 (SCR80) proposes a constitutional amendment aimed at restricting the use of funds derived from the transfer of State government and independent State authority capital assets. The resolution specifically mandates that these funds can only be allocated for capital projects and explicitly prohibits their use for ordinary State government operating expenses. This amendment seeks to ensure that money raised from the sale or lease of State-owned properties is directed solely towards projects that enhance state infrastructure rather than being absorbed into the daily operational budget of the government.
Contention
The primary contention surrounding SCR80 resides in the balance of resource allocation within the state government. Proponents argue that this amendment is critical for promoting transparency and accountability in state finances by ensuring that economic gains from asset transfers are invested in tangible community projects rather than used for recurring expenses that do not contribute to long-term growth. However, opponents may raise concerns about the implications of restricting funding flexibility for the state's budget, particularly in challenging economic times when operational funds could be at a premium and immediate needs arise.
Same As
Proposes constitutional amendment restricting use of funds realized from transfer of State government and independent State authority capital assets only for capital projects and not for State government operating expenses.
Proposes constitutional amendment restricting use of funds realized from transfer of State government and independent State authority capital assets only for capital projects and not for State government operating expenses.
Proposes constitutional amendment restricting use of funds realized from transfer of State government and independent State authority capital assets only for capital projects and not for State government operating expenses.
Relating to the operation and administration of the Texas Juvenile Justice Department and its facilities, to the operation of post-adjudication secure correctional facilities for juvenile offenders, and to the commitment and placement of juvenile offenders.