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Bill > A2631
NJ A2631
NJ A2631Requires explanatory statement on ballot question for school district capital projects to include certain information.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires that certain information be included in the explanatory statement of a ballot question for a school district capital project that will be funded by the issuance of bonds. Specifically, the bill requires the explanatory statement to include information regarding the total outstanding principal for any bonded indebtedness of the school district and the municipality in which the school district is located, an estimate of the increase in property taxes that would result on the average home if the capital project is approved, and, if applicable the square footage per student and cost per square foot of the proposed capital project.
AI Summary
This bill requires that certain information be included in the explanatory statement of a ballot question for a school district capital project that will be funded by the issuance of bonds. Specifically, the bill mandates that the explanatory statement must include information on the total outstanding principal of the school district's and the municipality's bonded indebtedness, an estimate of the property tax increase that would result if the capital project is approved, and, if applicable, the square footage per student and cost per square foot of the proposed project. This additional information is intended to provide voters with more context and details when considering these types of school district ballot measures.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A2631 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2631_I1.HTM |
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