New Jersey 222nd Legislature Status: Introduced 1 D cosponsors

A 5299 — Requires local budgets to be prepared using generally accepted accounting principles.

Last action — INT 1RA REF ASL

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed General Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the General Assembly. Introduced June 23, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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

This bill requires local budgets to follow standard accounting principles.

The bill mandates that local budgets be prepared according to generally accepted accounting principles (GAAP). This aims to ensure transparency and consistency in local government financial management.

Summary

Local budgets-prepared using generally accepted accounting principles

Bill Text

  • Introduced View text Current html June 25, 2026

Action History

  1. INT 1RA REF ASL

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 119 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (119)

119 members have not signed on to this bill.

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"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does A 5299 do?
Local budgets-prepared using generally accepted accounting principles
Who sponsors A 5299?
A 5299 is sponsored by Reynolds-Jackson, Verlina (Democrat).
What is the current status of A 5299?
This bill has been introduced in the General Assembly. Introduced June 23, 2026. It must pass committee before a floor vote.
Where can I track A 5299?
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