Bill > A3827

This bill mandates that an annual "State debt affordability analysis" be included in the "State Debt Report," which is a document detailing the state's financial obligations. The analysis will assess the state's capacity to take on more debt by examining projected revenues, future debt issuances, debt service requirements, and key debt ratios. It will also compare these ratios to those of the ten most populous states and review the state's credit rating criteria. The bill requires state agencies to provide necessary information for this analysis and to identify capital projects requiring new debt, evaluating them against the affordability analysis to help the Governor and Legislature prioritize spending.