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Bill > A5319
NJ A5319
NJ A5319Makes supplemental appropriation of $144.2 million to provide additional Outcomes-Based Allocation funding to four-year public institutions of higher education.
summary
Introduced
02/13/2025
02/13/2025
In Committee
02/13/2025
02/13/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill makes a supplemental appropriation of approximately $144.2 million to provide additional Outcomes-Based Allocation funding to the State's public four-year institutions of higher education. The FY 2025 Appropriations Act appropriates a total of $220.5 million in Outcomes-Based Allocation funding to the State's 13 public four-year institutions of higher education. Pursuant to budget language in the FY 2025 Appropriations Act, an institution's allocation is based on the institution's share of Statewide overall totals on the following metrics: the total number of degrees awarded; the number of degrees awarded to individuals from underrepresented ethnic and racial minority groups; the number of students at the institution with adjusted gross income between $0 and $65,000; degrees awarded to students with adjusted gross income between $0 and $65,000; degrees awarded to transfer students; degrees awarded in the STEM and healthcare fields; and the number of doctoral degrees awarded. This bill would supplement the existing amount of funds distributed through the Outcomes-Based Allocation program in FY 2025. The amount of funds provided pursuant to the bill is calculated based on estimated future needs of the institutions and is disbursed in the same manner as is currently provided in the FY 2025 Appropriations Act.
AI Summary
This bill provides a supplemental appropriation of $144.2 million in additional Outcomes-Based Allocation (OBA) funding to 13 public four-year higher education institutions in New Jersey for fiscal year 2025. The OBA is a funding mechanism that allocates money to universities based on performance metrics, including the total number of degrees awarded, degrees awarded to underrepresented minority students, degrees awarded to low-income students (those with adjusted gross income between $0 and $65,000), transfer student degrees, STEM and healthcare degrees, and doctoral degrees. The bill specifically breaks down the additional funding by institution, with Rutgers University - New Brunswick receiving the largest allocation of $32,589,000, followed by Montclair State University at $19,323,000, and Rowan University at $13,987,000. Other institutions like Kean University, the New Jersey Institute of Technology, and William Paterson University also receive allocations ranging from approximately $9,000,000 to $12,000,000. The funding is designed to supplement the existing $220.5 million already appropriated for higher education in the FY 2025 budget, with the goal of supporting and incentivizing student success and institutional performance across New Jersey's public universities.
Committee Categories
Education
Sponsors (2)
Last Action
Introduced, Referred to Assembly Higher Education Committee (on 02/13/2025)
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/A5319 |
| BillText | https://pub.njleg.gov/Bills/2024/A5500/5319_I2.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/A5500/5319_I1.HTM |
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