NJ S3618

Requires the State Treasurer to submit an annual multi-year fiscal outlook analysis covering the ensuing fiscal year plus the next two fiscal years, with projections under optimistic, pessimistic, and baseline economic scenarios

Mandates the analysis include itemized anticipated appropriations from the General Fund, other revenues, dedicated funds, and federal aid, calculated using a current services basis of budgeting adjusted for inflation, caseload changes, and program expansions or eliminations

Requires revenue projections from all sources and estimates of fund balances available for appropriation at the end of each fiscal year, along with explanations of underlying assumptions and methods

Sets two annual submission deadlines: an initial report by April 1 or the Treasurer's first budget committee appearance (whichever is earlier), and an updated report by May 31 or the second committee appearance

Defines "current services basis of budgeting" as estimating costs to maintain programs at proposed levels, adjusted for enrollment, caseload, population changes, statutory cost-of-living adjustments, and previously-enacted program changes