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NJ A4447
Bill
Status
2/24/2026
Primary Sponsor
Heather Simmons
Click for details
AI Summary
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Fiscal Year 2027 appropriations from the State General Fund, Property Tax Relief Fund, Casino Control Fund, Casino Revenue Fund, and Gubernatorial Elections Fund cannot exceed FY2026 levels
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Any state revenue collected in FY2027 that exceeds FY2026 collection amounts must be deposited into the New Jersey Debt Defeasance and Prevention Fund in FY2028
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Federal revenue and constitutionally dedicated state revenue are exempt from the excess revenue deposit requirement
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The spending freeze expires on July 1, 2028
Legislative Description
Establishes spending freeze for Fiscal Year 2027; requires excess revenues collected in FY2027 to be deposited in Debt Defeasance and Prevention Fund.
Oversight, Reform and Federal Relations
Last Action
Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee
2/24/2026