Seal of New Jersey New Jersey

New Jersey has a statutory expenditure limit as expressed in New Jersey Revised Statutes Title 52:9H-24 through H-29. The expenditure limit only applies to Direct State Services portion of the general fund budget, which includes operations of the state government. It also includes exemptions for appropriations for grants, state aid to local governments, federal fund appropriations, capital construction, debt service, money deposited into special funds, pension contributions, and funding mandated by court settlements. For the spending that the limit does apply to, the legislature can override the limit with a 2/3 supermajority vote. Although for most of state spending, this limit is practically non-existent.

 
The base year represents the year the hypothetical Taxpayer's Bill of Rights (TABOR) would have been enacted. Selecting a base year changes how the state’s TABOR is calculated because the annual growth rates of inflation and population change depending on when TABOR is enacted.
  • Year Inflation-adjusted Actual Spending
    1992 32,900,448,740
    1993 31,573,657,350
    1994 31,778,539,500
    1995 30,857,451,340
    1996 31,034,377,520
    1997 30,966,329,190
    1998 32,851,664,370
    1999 34,784,503,470
    2000 37,842,703,990
    2001 39,542,740,450
    2002 42,339,927,440
    2003 42,163,009,150
    2004 42,460,212,360
    2005 47,359,534,290
    2006 46,565,466,990
    2007 49,094,522,870
    2008 51,863,442,710
    2009 46,853,654,980
    2010 45,463,840,270
    2011 43,886,916,850
    2012 46,213,683,050
    2013 46,963,122,870
    2014 47,533,600,780
    2015 48,837,298,060
    2016 49,808,233,700
    2017 51,185,099,430
    2018 51,338,803,700
    2019 53,873,736,560
    2020 52,735,757,060
    2021 57,754,488,400
    2022 59,381,000,000
*All spending figures are in inflation-adjusted 2022 dollars.