NJ S3553

Authorizes the New Jersey State Auditor to conduct cost-benefit analyses of existing or proposed state programs, initiatives, and tax credit programs for economic development

Requires at least one cost-benefit analysis every five years for each accounting agency and independent authority with programs funded at $1,000,000 or more annually or awarding tax credits totaling $1,000,000 or more annually

Mandates each analysis include direct/indirect costs, tangible/intangible benefits, identification of alternative programs, sensitivity analysis of key assumptions, and baseline comparisons

Requires all state agency officers and employees to provide the State Auditor access to records and information needed for analyses, with confidentiality protections for working papers

Written reports must be submitted to the Governor and Legislature, with electronic copies made publicly available on the State Auditor's website