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NJ A5319
Bill
Status
2/13/2025
Primary Sponsor
Carol Murphy
Click for details
AI Summary
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Appropriates $144.2 million in supplemental funding from the General Fund to New Jersey's 13 public four-year colleges and universities for fiscal year 2025
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Distributes funds through the Outcomes-Based Allocation program, which allocates money based on metrics including total degrees awarded, degrees to underrepresented minorities, low-income student enrollment, transfer student degrees, STEM/healthcare degrees, and doctoral degrees awarded
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Largest allocations go to Rutgers-New Brunswick ($32.6 million), Montclair State University ($19.3 million), Rowan University ($14 million), and Kean University ($13 million)
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Smaller allocations include The College of New Jersey ($3.9 million), Ramapo College ($3.6 million), and Thomas Edison State University ($5.3 million)
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Supplements the existing $220.5 million already appropriated for Outcomes-Based Allocation funding in the FY 2025 budget
Legislative Description
Makes supplemental appropriation of $144.2 million to provide additional Outcomes-Based Allocation funding to four-year public institutions of higher education.
Higher Education
Last Action
Introduced, Referred to Assembly Higher Education Committee
2/13/2025