A 3816
Establishes New Jersey Revenue Advisory Board; modifies executive State budget presentation; updates State revenue and expenditure reporting and disclosure requirements; and requires annual State financial stress testing.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the New Jersey Revenue Advisory Board to provide consensus revenue forecasts for the Governor and Legislature. It modifies the executive State budget presentation, requiring the inclusion of comparisons to permanent state statutes and a stress test analysis. The bill also updates state revenue and expenditure reporting requirements and mandates annual State financial stress testing. It amends existing legislation to streamline these processes and improve financial transparency.
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