NJ S1768

New Jersey's Department of Treasury must conduct stress test analyses every three years evaluating the state's ability to maintain services and assist residents under various economic conditions.

The analysis must include long- and short-term projections of major revenue sources (taxes and federal funding) and compare these projections against historical trends across different economic scenarios.

Expenditure patterns likely to shift during economic fluctuations must be analyzed, along with an accounting of state reserves including the Surplus Revenue Fund.

The stress test must identify options available to the state for responding to and mitigating the negative impacts of economic recessions.

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