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NJ S2385

Bill

Status

Introduced

1/29/2024

Primary Sponsor

Vin Gopal

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Origin

Senate

2024-2025 Regular Session

AI Summary

  • Requires the State Treasurer to create and maintain a free, searchable government transparency website displaying State expenditures, revenues, and contracts.

  • Mandates publication of detailed spending by specific agencies: Governor's Office travel costs, Attorney General's external legal services, Division of Travel and Tourism advertising, Department of Corrections electricity, Division of Pension and Benefits postage, and Department of Agriculture motor vehicle fuel.

  • Requires quarterly expenditure reports, monthly revenue reports, public employee compensation data, bond debt information, and State pension and post-retirement benefit liabilities to be published online.

  • Mandates analysis of State economic development tax credit programs, including recipient businesses, subsidy amounts, recaptured subsidies, and projected versus actual job creation and capital investment outcomes.

  • Requires a plain-language financial analysis (maximum 35 pages with visual aids) based on the Comprehensive Annual Financial Report, plus disclosure of any excluded transactions and reasons for exclusion.

Legislative Description

Increases tuition credit amount permitted under volunteer tuition credit program.

Budget and Appropriations

Last Action

Referred to Senate Budget and Appropriations Committee

2/10/2025

Committee Referrals

Budget and Appropriations2/10/2025
Higher Eduction1/29/2024

Full Bill Text

No bill text available