This bill establishes a cap on State appropriations for Fiscal Years 2026 and 2027, limiting them to the total amounts appropriated in Fiscal Year 2025 from the State General Fund, Casino Control Fund, Casino Revenue Fund, and Gubernatorial Elections Fund. The bill aims to ensure fiscal responsibility by preventing increases in these appropriations over the specified period.

However, the bill outlines several exemptions to this cap, allowing for appropriations related to State aid for school districts, municipalities, and counties; federal funds; legally required payments for State-administered retirement systems; capital construction projects, including those funded by the Transportation Trust Fund; debt service on general obligation and appropriations-backed bonds; and emergency situations such as war or natural disasters, while excluding routine operational costs. The bill is set to take effect immediately upon enactment.