NJ S1768

Department of Treasury required to conduct a stress test analysis every three years on New Jersey's ability to maintain services and assist residents under various economic conditions

Analysis must include long- and short-term projections of major funding sources (tax revenues and federal funding) across different economic scenarios, compared against historical trends

Stress test must evaluate expenditures likely to increase or decrease during economic fluctuations and provide an accounting of State reserves including the Surplus Revenue Fund

Report must identify options for the State to respond to and mitigate negative impacts of economic recessions

Results must be published on the Treasury Department website and included in the Governor's annual budget message