New Jersey · 2026-2027 Regular Session · Bill

S 2541: Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance.

In committee Last action January 13, 2026: Introduced in the Senate, Referred to Senate Budget and Appropriations Committee

Plain-language summary

S 2541 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance. Primary sponsor: O'Scanlon, Declan J., Jr., Testa, Michael L., Jr.. It lists 10 additional sponsors. Most recent recorded action (January 13, 2026): Introduced in the Senate, Referred to Senate Budget and Appropriations Committee.

Sponsors

Primary sponsors: O'Scanlon, Declan J., Jr.; Testa, Michael L., Jr.. 10 co-sponsors.