NJ S1751

Expands the annual State Debt Report to include a detailed metric-based affordability analysis covering all forms of State debt, including general obligation bonds, appropriations-backed contract bonds, Transportation Trust Fund Authority debt, NJ Transit obligations, capital leases, and unfunded pension and post-retirement liabilities

Requires 10-year revenue projections, debt service schedules, and debt capacity estimates benchmarked against various debt-to-revenue ratios

Mandates calculation of key debt ratios including debt per capita, debt as percentage of personal income, assessed property valuation, and State GDP

Requires comparison of New Jersey's debt ratios against the 10 most populous states, states with similar economic conditions, and states with the highest credit ratings

Obligates all State agencies, independent authorities, and entities issuing State-secured debt to provide information necessary for the affordability analysis to the Commission on Capital Budgeting and Planning