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NJ S2548
Bill
Status
2/8/2024
Primary Sponsor
James Beach
Click for details
AI Summary
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School districts that have moved their annual elections to November may submit separate voter proposals for additional funding for both the current budget year and the subsequent budget year, rather than being limited to the current year only
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If voters approve a separate proposal for additional funds for the subsequent budget year, the district cannot also add unused tax levy capacity (banked cap) to that subsequent year's budget
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Districts submitting proposals for additional current-year funds must adopt a temporary budget pending voter approval, which becomes the final budget if voters reject the proposal
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The legislation takes effect immediately and applies to the first full school year following enactment
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Amends existing school funding laws (P.L.1996, c.138, P.L.2007, c.62, and P.L.2011, c.202) to provide these expanded options for November-election districts
Legislative Description
Authorizes school district that moves its annual school election to November to submit separate proposals for additional spending for budget year and subsequent budget year.
Substituted by another Bill
Last Action
Substituted by A2784 (3R)
12/22/2025