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 33,085,040,000
    1993 31,657,400,000
    1994 31,800,820,000
    1995 30,628,390,000
    1996 30,537,380,000
    1997 30,249,160,000
    1998 31,944,370,000
    1999 33,453,340,000
    2000 36,111,300,000
    2001 37,463,600,000
    2002 40,083,840,000
    2003 39,905,820,000
    2004 40,016,330,000
    2005 44,578,940,000
    2006 43,371,520,000
    2007 45,801,250,000
    2008 47,823,600,000
    2009 43,442,630,000
    2010 42,199,780,000
    2011 40,362,700,000
    2012 42,542,240,000
    2013 43,026,930,000
    2014 43,363,470,000
    2015 44,634,410,000
    2016 45,560,880,000
    2017 46,755,540,000
    2018 46,501,410,000
    2019 48,536,800,000
    2020 50,791,400,000
*All spending figures are in inflation-adjusted 2020 dollars.