New Jersey · 222 session · senate
S 2338"Polluters Pay to Make New Jersey More Affordable Act"; imposes cost recovery payments on certain fossil fuel companies for funds needed for climate change adaptation; establishes program in DEP to collect and oversee distribution of funds.*
- Status
- In committee
- Latest action
- — Reported from Senate Committee with Amendments, 2nd Reading
- Primary sponsor
- McKeon, John F. (Democratic)
- 2nd Reading in the Senate
Latest change summary
+10873 / −1177 words · LargeConfidence: high
This revision converts the bill document from a committee statement to a legislative fiscal estimate, fundamentally changing its purpose from explaining proposed amendments to analyzing fiscal impact. The transformation removes all detailed descriptions of the bill's substantive provisions—including cost recovery payment mechanisms, fund establishment, and committee amendments addressing labor standards, fund allocation percentages, and reporting requirements—and replaces them with a streamlined acknowledgment that both revenue gains and expenditures are indeterminate. The fiscal estimate cites uncertainty about the scientific methodology for determining payments, legal enforceability concerns, unpredictable litigation timelines, and unknown payment schedules as reasons the Office of Legislative Services cannot quantify the bill's financial effects, while noting the estimate was prepared due to Executive Branch non-response.
