New Jersey SCR42 proposes a constitutional amendment to limit budget use of nonrecurring revenue and restrict budget growth.
New Jersey SCR42 proposes a constitutional amendment to limit the use of nonrecurring revenue in the State budget, except in times of crisis or disaster. The amendment requires the State budget to be balanced with regularly collected recurring revenue, prohibiting the use of one-time collections or nonrecurring revenue. However, in times of crisis or disaster, the Legislature may override this constraint by a two-thirds vote in each house.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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