Establishes certain mechanisms to address significant unanticipated cost increases experienced by school di...
This means families can feel more secure knowing their children's education will be less impacted by unexpected school district costs.
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A 5208 — Establishes certain mechanisms to address significant unanticipated cost increases experienced by school districts.
Last action — COMB/W
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed General Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill has been introduced in the General Assembly. Introduced June 04, 2026. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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Introduced
Current position in the legislative process.
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3 sponsors
2 primary, 1 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 1 recorded vote so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
Establishes mechanisms to help school districts manage unexpected cost increases.
The bill creates procedures for school districts to address significant unanticipated cost increases. This aims to provide a structured way for districts to manage financial challenges they may encounter.
What this means for you
- Families: This means families can feel more secure knowing their children's education will be less impacted by unexpected school district costs.
Summary
School districts-estab cert mechanisms, address unanticipated cost increases
Bill Text
- Introduced View text Current html June 05, 2026
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill amends 1 section(s) of the New Jersey statutes: N.J.S.A. 18A:7F-41.
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N.J.S.A. 18A:7F-41
(4) (a) Cost stabilization reserve account. The funds in the reserve account shall be used to finance general fund expenses, excluding staff salary costs, that during the school year cost significantly more than initially anticipated in the budget certified for taxes, including significant unanticipated increases in total health care costs to the extent that those costs are not supported by withdrawals made from the current expense emergency reserve account, student transportation expenses, special education and related services expenses, and other eligible categories of general fund expenses that may be established by rules and regulations promulgated pursuant to subparagraph (b) of this paragraph. A board of education may appropriate funds to establish or supplement the reserve in the district's annual budget. Notwithstanding the provisions of section 2 of P.L.1979, c.294 (C.18A:22-8.1) or any other law, rule, or regulation to the contrary, a board of education may also establish or supplement the reserve account through a transfer by board resolution of any unanticipated revenue and unexpended line-item appropriation amounts, which transfer resolution may be adopted at any point during the school year. A withdrawal from the reserve account may be made at any time and only after the adoption of a board resolution detailing the specific unanticipated cost increases to be supported by the withdrawal and justifying that the withdrawal is necessary for the provision of a thorough and efficient education; except that the withdrawal may require additional approval of the commissioner pursuant to rules and regulations promulgated pursuant to subparagraph (b) of this paragraph. (b) The commissioner shall promulgate, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), rules and regulations as necessary related to the establishment and maintenance of a cost stabilization reserve account. The rules and regulations shall include, but not be limited to: (i) limits on balances that may exist in the reserve account; (ii) the conditions under which a board of education is required to seek the additional approval of the commissioner prior to withdrawing funds from the reserve account; (iii) criteria for cost increases that would be considered significant and unanticipated and for which withdrawals from the reserve account may be used; (iv) the establishment of eligible categories of expenses for which withdrawals from the reserve account may be used, in addition to those expressly enumerated in subparagraph (a) of this paragraph. (3) A board of education that establishes a cost stabilization reserve account shall: (a) report the total balance in the reserve account, as well as deposits into and withdrawals from the reserve account, in its annual audit pursuant to N.J.S.18A:23-1; (b) report the current total balance in the reserve account, as well as deposits into and withdrawals from the reserve account to date, as part of the board secretary's monthly report presented at the board of education meeting in which a board resolution is adopted to transfer funds into the account or to withdraw funds from the account; and c) provide any additional supporting documentation that may be required by the commissioner pursuant to subsection c. of section 5 of P.L.1996, c.138 (C.18A:7F-5).
amended
Action History
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COMB/W
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INT 1RA REF AED
Sponsors
- Cody D. Miller · Primary
- Katie Brennan · Cosponsor
- Rosaura Bagolie · Primary
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 1 co-sponsors · 117 not signed on
Sponsors (2)
- Miller, Cody D.
- Bagolie, Rosaura Democrat
Co-sponsors (1)
- Brennan, Katie
Not signed on (117)
117 members have not signed on to this bill.
Show all 117 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 4 | 0 | 0 | 1 |
| Republican | 2 | 0 | 0 | 0 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bagolie, Rosaura | Democrat | Yea |
| Brennan, Katie | Democrat | Yea |
| Reynolds-Jackson, Verlina | Democrat | Yea |
| Swain, Lisa | Democrat | Yea |
| Venezia, Michael | Democrat | Not Voting |
| Fantasia, Dawn | Republican | Yea |
| Simonsen, Erik K. | Republican | Yea |
Subjects
Frequently asked questions
- What does A 5208 do?
- School districts-estab cert mechanisms, address unanticipated cost increases
- Who sponsors A 5208?
- A 5208 is sponsored by Miller, Cody D., Brennan, Katie, and Bagolie, Rosaura (Democrat).
- What is the current status of A 5208?
- This bill has been introduced in the General Assembly. Introduced June 04, 2026. It must pass committee before a floor vote.
- Where can I track A 5208?
- Track A 5208 free on One Click Politics — get push/email alerts when it moves.
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