Creates Task Force on Higher Education Governance and Funding; appropriates $200,000.

A1326 2R FISCAL ESTIMATE

LEGISLATIVE FISCAL ESTIMATE

[Second Reprint]

ASSEMBLY, No. 1326

STATE OF NEW JERSEY

222nd LEGISLATURE

DATED: JULY 6, 2026

SUMMARY

Synopsis:

Creates Task Force on Higher Education Governance and
Funding; appropriates $200,000.

Type of Impact:

State expenditure increase from the General Fund.

Agencies Affected:

Office of the Secretary of Higher Education.

Office of
Legislative Services Estimate

Fiscal Impact

Year 1�

Year 2 and Thereafter

State Expenditure Increase

Up to $200,000

Indeterminate

�

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.�

Section:

Education

Analyst:

Christopher Myles

Section Chief

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.).