LEGISLATIVE FISCAL ESTIMATE
[Second Reprint]
ASSEMBLY, No. 1326
STATE OF NEW JERSEY
222nd LEGISLATURE
DATED: JULY 6, 2026
SUMMARY
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Synopsis: |
Creates Task Force on Higher Education Governance and Funding; appropriates $200,000. |
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Type of Impact: |
State expenditure increase from the General Fund. |
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Agencies Affected: |
Office of the Secretary of Higher Education. |
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Office of Legislative Services Estimate |
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Fiscal Impact |
Year 1 |
Year 2 and Thereafter |
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State Expenditure Increase |
Up to $200,000 |
Indeterminate |
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· The Office of Legislative Services (OLS) concludes that this bill will result in first-year costs of up to $200,000 stemming from the bill’s appropriation in that amount for the needs of the task force. If the full $200,000 is not expended in the first year, the remaining amount will be spent in subsequent fiscal years until the full $200,000 is exhausted.
· The bill provides that the appropriation may, upon recommendation of the task force, be used by the Secretary of Higher Education to hire, contract, or partner with subject matter experts as may be necessary and appropriate.
· The OLS also notes that members of the task force are to be reimbursed for necessary expenditures incurred in the performance of their duties, within the limits of funds appropriated or otherwise made available for the task force.
BILL DESCRIPTION
This bill establishes the Task Force on Higher Education Governance and Funding, and makes a $200,000 appropriation for the needs of the task force. Under the bill, the purpose of the task force is to examine the State’s system of higher education, including its organization, governance, and funding mechanisms.
FISCAL ANALYSIS
EXECUTIVE BRANCH
None received.
OFFICE OF LEGISLATIVE SERVICES
The OLS concludes that this bill will result in first-year costs of up to $200,000 stemming from the bill’s appropriation in that amount for the needs of the task force. If the full $200,000 is not expended in the first year, the remaining amount will be spent in subsequent fiscal years until the full $200,000 is exhausted.
The bill provides that the appropriation may, upon recommendation of the task force, be used by the Secretary of Higher Education to hire, contract, or partner with subject matter experts as may be necessary and appropriate. The OLS also notes that members of the task force are to be reimbursed for necessary expenditures incurred in the performance of their duties, within the limits of funds appropriated or otherwise made available for the task force.
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Section: |
Education |
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Analyst: |
Section Chief |
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Approved: |
Thomas Koenig Legislative Budget and Finance Officer |
This legislative fiscal estimate has been produced by the Office of Legislative Services due to the failure of the Executive Branch to respond to our request for a fiscal note.
This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).