New Jersey 2022-2023 Regular Session

New Jersey Senate Bill S2055

Introduced
3/3/22  

Caption

Requires Type I school districts and charter schools to establish citizen budget oversight committee to monitor district's or charter school's financial position.

Impact

The enactment of S2055 would institute a structured approach to financial oversight in schools by requiring regular reviews of revenues and expenditures. The committees would report their findings to the boards of education on a monthly basis, providing transparency and a check against potential mismanagement or inefficiency in financial operations. The legislation emphasizes the importance of educational stakeholders engaging in fiscal discussions, thus fostering a more informed community about school funding and financial decisions.

Summary

Senate Bill S2055 mandates that Type I school districts and charter schools establish a citizen budget oversight committee. This committee is designed to monitor and advise on the financial health of the respective educational institutions. Each committee is required to consist of at least five members, including parents, educators, and community members who have expertise in finance. The bill underscores the intent to enhance community involvement in school budgeting processes to ensure greater financial accountability.

Contention

However, the implementation of such oversight committees could lead to challenges regarding the balance of power between local school boards and citizen committees. Some advocates might argue that these committees could complicate the decision-making process, while others contend that without adequate review, financial mismanagement may occur. Concerns may also arise regarding the selection process for committee members and the required training to ensure they are equipped to perform their oversight duties effectively.

Companion Bills

No companion bills found.

Previously Filed As

NJ S1543

Requires Type I school districts and charter schools to establish citizen budget oversight committee to monitor district's or charter school's financial position.

NJ A1178

Modifies various aspects of charter school program including student enrollment procedures, revocation of charter, monitoring of charter schools, and collaboration between school districts and charter schools.

NJ A2944

Modifies various aspects of charter school program including student enrollment procedures, revocation of charter, monitoring of charter schools, and collaboration between school districts and charter schools.

NJ SB1362

Charter schools: petitions:chartering authority duties:oversight costs: Legislative Analyst Report.

NJ HB1432

MS Charter School Act of 2013; revise to expand opportunities for establishment of charter schools in certain districts.

NJ S2163

Makes various changes in the charter school program in regard to student enrollment procedures, charter revocation, and monitoring of charter schools.

NJ S2608

Makes various changes in the charter school program in regard to student enrollment procedures, charter revocation, and monitoring of charter schools.

NJ HB536

Relative to the chartered public school joint legislative oversight committee, and relative to chartered public school use of unused district facilities.

NJ A3853

Makes various changes in the charter school program in regard to student enrollment procedures, charter revocation, and monitoring of charter schools.

NJ A891

Makes various changes in the charter school program in regard to student enrollment procedures, charter revocation, and monitoring of charter schools.

Similar Bills

NJ S1543

Requires Type I school districts and charter schools to establish citizen budget oversight committee to monitor district's or charter school's financial position.

WV HB2500

Establishing criteria for the government’s adoption of new and emerging surveillance technologies while ensuring privacy protections for individuals

AZ SB1656

Boards; commissions; continuations; fee prohibition

AZ SB1503

Continuation; school facilities oversight board

NJ A5333

Requires State appropriations for Stay NJ and homestead property tax reimbursement programs and requires annual reporting of Stay NJ program data; establishes Property Tax Relief Program Oversight Committee.

TX HB648

Relating to the appointment of a conservator for and authorizing the dissolution of the Bexar Metropolitan Water District; providing a penalty.

TX SB341

Relating to authorizing the dissolution of the Bexar Metropolitan Water District; providing a penalty.

AZ HB2313

Health boards; state agencies; continuations