LEGISLATIVE FISCAL ESTIMATE
[First Reprint]
ASSEMBLY COMMITTEE SUBSTITUTE FOR
ASSEMBLY, No. 4181
STATE OF NEW JERSEY
218th LEGISLATURE
DATED: OCTOBER 1, 2018
SUMMARY
Synopsis: |
Clarifies that employees of renaissance school projects are in State-administered retirement systems. |
Type of Impact: |
No Impact |
Agencies Affected: |
School District |
Office of Legislative Services Estimate |
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Fiscal Impact |
Year 1 |
Year 2 |
Year 3 |
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State Cost |
No Impact |
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Local Cost |
No Impact |
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· The Office of Legislative Services (OLS) concludes that the legislation would not have any impact on revenues or expenditures for the State or the Camden School District – the only renaissance school district in the State. While the legislation clarifies that employees of renaissance school projects are members of the State-administered retirement systems, these employees are currently enrolled in these systems.
BILL DESCRIPTION
P.L.2011, c.176 (C.18A:36C-1 et seq.) provided for the creation of renaissance school districts, districts with a history of poor performance on Statewide assessments that elect to enter into an agreement with a nonprofit entity for the construction and operation of new public schools in that district. These schools are known as renaissance school projects. The Camden City School District is the only district that has entered into such an agreement and is the only district affected by the bill’s provisions. The bill clarifies that individuals employed by renaissance school projects are members of the State-administered retirement systems.
FISCAL ANALYSIS
EXECUTIVE BRANCH
None received.
OFFICE OF LEGISLATIVE SERVICES
The OLS concludes that the bill would not have an impact on revenues or expenditures for the State or the Camden School District. Currently, employees of renaissance school projects are members of the State-administered retirement systems. While this clarifies their status as members, it would not alter the membership.
Section: |
Education |
Analyst: |
Principal Fiscal Analyst |
Approved: |
Frank W. Haines III Legislative Budget and Finance Officer |
This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).