Makes FY 2022 supplemental appropriation of $2 million for William Paterson University of New Jersey.
Impact
The approval of A2403 will have a direct positive impact on state laws regarding educational funding, particularly as it relates to appropriations for public universities. By designating additional funds specifically for William Paterson University, the bill emphasizes the state's commitment to supporting higher education institutions, promoting access to quality education, and potentially improving student services and academic offerings at the university.
Summary
Assembly Bill A2403 aims to provide institutional support to William Paterson University of New Jersey by supplementing the state's FY 2022 budget with an additional appropriation of $2 million. This funding is intended to bolster the university's financial resources, allowing for enhanced educational and operational capabilities. The allocation is made in conjunction with existing appropriations under the state's annual budget act, highlighting the importance of continued investment in higher education within New Jersey.
Contention
While the bill itself appears straightforward in its intention to support the university, discussions surrounding the appropriation could spark debate regarding funding priorities within the state's budget. Lawmakers may discuss the balance of state resources allocated to various educational institutions and whether such funding could impact other areas of need, such as K-12 education or community colleges. As A2403 moves through the legislative process, it will be essential to monitor any discussions that reflect differing opinions on educational funding and priorities in New Jersey.
Makes supplemental appropriation of $144.2 million to provide additional Outcomes-Based Allocation funding to four-year public institutions of higher education.
Makes supplemental appropriation of $144.2 million to provide additional Outcomes-Based Allocation funding to four-year public institutions of higher education.
Makes FY2024 supplemental appropriations of $37,430,000; de-appropriates $24,000,000 in existing FY2024 appropriations; adds and modifies various FY2024 language provisions.