Treasury would test New Jersey's ability to keep services running

The Treasury would assess whether New Jersey could keep services running and help residents. The review would cover different economic conditions, including recessions. The review would examine taxes and federal funding, past trends, spending changes, state reserves, and ways to lessen a recession's harm. If enacted, the requirement would take effect immediately, and Treasury would report once every third year.

The Treasury would post each stress test on its website and include it in the governor's budget message. This covers the review of New Jersey's ability to provide services and help residents. If enacted, this requirement would take effect immediately and apply when Treasury completes a review.