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.
Making and concerning supplemental appropriations for fiscal years 2024 and 2025 and appropriations for fiscal years 2025, 2026, 2027 and 2028 for various state agencies.
Making and concerning certain supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies.
Making and concerning certain supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies.
Making and concerning certain supplemental appropriations for fiscal years 2024 and 2025 and appropriations for fiscal years 2025 and 2026 for various state agencies.
Substitute for SB 514 by Committee on Ways and Means - Making and concerning supplemental appropriations for fiscal years 2024 and 2025 and appropriations for fiscal years 2025, 2026, 2027 and 2028 for various state agencies.
Substitute for HB 2273 by Committee on Appropriations - Making and concerning certain supplemental appropriations for fiscal years 2024 and 2025 and appropriations for fiscal years 2025 and 2026 for various state agencies.
Making and concerning appropriations for fiscal years 2023, 2024, 2025, 2026, 2027 and 2028 for various state agencies; constituting the omnibus reconciliation spending limit bill for the 2023 regular session.
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, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.