LEGISLATIVE FISCAL ESTIMATE
[First Reprint]
SENATE, No. 2428
STATE OF NEW JERSEY
221st LEGISLATURE
DATED: JULY 3, 2024
SUMMARY
Synopsis: Codifies Eagleton Science and Politics Fellowship Program at
Eagleton Institute of Politics; makes appropriation.
Type of Impact: Annual expenditure increase to the State.
Agencies Affected: Rutgers, the State University.
Office of Legislative Services Estimate
Fiscal Impact Year 1 FY 2025 & Thereafter
State Expenditure Increase Up to $360,000 At least $520,000
 The Office of Legislative Services (OLS) estimates that this bill will increase State
expenditures by up to $360,000 in the first year to pay for stipends and administrative costs of
the Eagleton Science and Politics Fellowship Program at the Eagleton Institute of Politics at
Rutgers, the State University. State costs will be at least $520,000 in FY 2025 and each fiscal
year thereafter. The bill appropriates $360,000 for the program.
 The bill does not specify the amount of the stipend to be paid to each fellow or the
administrative or benefit costs associated with the program.
BILL DESCRIPTION
This bill establishes a fellowship program within the Eagleton Institute of Politics for scientists,
engineers, and health care professionals holding a terminal degree. Under the bill, the institute is
to select at least four fellows to participate in the program each year. The bill requires the State to
appropriate funds annually to pay for the cost of program administration and to provide stipends
and benefits to program fellows. The bill appropriates $360,000 for this purpose following the
bill’s enactment and at least $520,000 in FY 2025 and each fiscal year thereafter.
Office of Legislative Services Legislative Budget and Finance Office
State House Annex Phone (609) 847-3105
P.O. Box 068 Fax (609) 777-2442
Trenton, New Jersey 08625 www.njleg.state.nj.us
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FISCAL ANALYSIS
EXECUTIVE BRANCH
None received.
OFFICE OF LEGISLATIVE SERVICES
The OLS estimates that this bill will increase State expenditures by up to $360,000 in the first
year to pay for stipends and administrative costs of the Eagleton Science and Politics Fellowship
Program at the Eagleton Institute of Politics at Rutgers, the State University. State costs will be at
least $520,000 in FY 2025 and each fiscal year thereafter. The bill appropriates $360,000 for the
program.
The bill does not specify the amount of the stipend to be paid to each fellow or the
administrative or benefit costs associated with the program.
Section: State Government
Analyst: Anna Harris
Assistant Fiscal Analyst
Approved: Thomas Koenig
Legislative Budget and Finance Officer
This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).