But its supporters say they hope it will spark similar referendums in other states.
Last year the legislators voted unanimously to hold a similar referendum.
Last month, only 384 students voted in a similar referendum, and almost a third opposed it.
Turnout was even lower than the previous similar referendum, at 17.20%.
Armenia was planning to hold a similar referendum in September.
Under state law, a similar referendum cannot be placed on the ballot again for at least four years.
A similar referendum will be voted on in Washington State this year.
The referendum, similar to others that have appeared in recent years around the country, is fiercely opposed by the state's utilities.
At least half a dozen other states are considering similar referendums.
New Jersey voters have approved nine similar referendums in the past 37 years.