New Jersey Balanced Budget Amendment (2014)

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A New Jersey Balanced Budget Amendment did not make the November 4, 2014 ballot in New Jersey as a legislatively-referred constitutional amendment. At least three amendments to change the way a balanced state budget was kept were proposed in the 2014 legislative session. Assembly Concurrent Resolution 44, which was sponsored by Assemblyman Erik Peterson (R-23), would have required state revenue estimates for the purpose of a balanced state budget to be determined by the governor in accordance with the State Revenue Forecasting Integrity Commission.[1] Assembly Concurrent Resolution 45, which was also being sponsored by Assemblyman Peterson, would have prohibited the state from using bonds to balance the budget.[2] Assembly Concurrent Resolution 53, which was being sponsored by Assemblyman Bob Andrzejczak (D-1), and Senate Concurrent Resolution 89, which was being sponsored by Sen. Jeff Van Drew (D-1), would have both required the state budget to be balanced with regularly collected recurring revenue. They would have also stipulated that any surplus revenue and non-recurring revenue could only be used for debt service, capital improvements and pension and health benefits liabilities.[3][4]

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See also: Amending the New Jersey Constitution

In New Jersey, proposed constitutional amendments have two ways of achieving ballot access. The New Jersey Legislature can either qualify it with supermajority approval of 60 percent in one legislative session or with simple majorities in two successive sessions.

ACR 44, 45 and 53 were introduced on January 16, 2014. ACR 44 and 45 were referred to the Appropriations Committee, and ACR 53 was referred to the Budget Committee.[5][6][7] SCR 89 was introduced March 17, 2014, and was referred to the Budget and Appropriations Committee.[8]

See also

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