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NJ S4295
Bill
Status
3/24/2025
Primary Sponsor
Teresa Ruiz
Click for details
AI Summary
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Appropriates $144.2 million in supplemental funding from the General Fund for Outcomes-Based Allocation to New Jersey's 13 public four-year universities for fiscal year 2025
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Largest allocations go to Rutgers University campuses: New Brunswick ($32.6 million), Newark ($11.8 million), and Camden ($6.2 million)
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Other recipients include Montclair State University ($19.3 million), Rowan University ($14 million), Kean University ($13 million), NJIT ($10.2 million), William Paterson ($9.2 million), and Stockton University ($7.8 million)
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Smaller allocations provided to New Jersey City University ($7.2 million), Thomas Edison State University ($5.3 million), The College of New Jersey ($3.9 million), and Ramapo College ($3.6 million)
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Funding distribution follows the existing Outcomes-Based Allocation formula, which considers metrics including total degrees awarded, degrees to underrepresented minorities, low-income student enrollment, transfer student degrees, STEM/healthcare degrees, and doctoral degrees
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 in the Senate, Referred to Senate Higher Education Committee
3/24/2025