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Bill > S2539


NJ S2539

NJ S2539
Requires stress testing on State's ability to provide services in various economic conditions.


summary

Introduced
05/12/2022
In Committee
02/13/2023
Crossed Over
10/17/2022
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Requires stress testing on State's ability to provide services in various economic conditions.

AI Summary

This bill requires the New Jersey Department of the Treasury to conduct and report a stress test analysis on the state's ability to maintain services and provide necessary assistance to residents in various economic conditions. The stress test analysis must include long-term and short-term projections of major funding sources, a comparison between projections and historical trends, an analysis of expenditures, an accounting of the state's reserves, and options for the state to respond to and lessen the negative impact of economic recessions. The analysis must be made publicly accessible and included in the Governor's budget message.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

Reported out of Assembly Committee, 2nd Reading (on 02/13/2023)

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