Reduces the salary of members of the state legislature and provides that the regular legislative session shall end by March 31 annually

This bill reduces state legislators' annual salaries from $142,000 to $48,000, effective January 1, 2026. It also requires all regular legislative sessions to conclude by March 31 each year, with session calendars set annually by the Senate President and Assembly Speaker. A key provision ties salary payments to budget passage: if the budget isn't approved before the fiscal year starts, bi-weekly payments are withheld until it is, then resumed with back payments. The bill directly affects all state legislators by changing their compensation structure and session schedule.