NJ SCR55 | 2012-2013 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 23 2012 - 25% progression, died in committee
Action: 2012-01-23 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
Pending: Senate Budget and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Proposes constitutional amendment to establish an annual State appropriations cap based on inflation plus State population growth, a reserve of one-half of revenues collected above State appropriations and directs one-half for direct property tax relief.

Tracking Information

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Title

Proposes constitutional amendment to establish an annual State appropriations cap based on inflation plus State population growth, a reserve of one-half of revenues collected above State appropriations and directs one-half for direct property tax relief.

Sponsors


History

DateChamberAction
2012-01-23SenateIntroduced in the Senate, Referred to Senate Budget and Appropriations Committee

Subjects


New Jersey State Sources


Bill Comments

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