Authorizes State Auditor to conduct cost-benefit analyses of certain programs and initiatives.

This bill requires New Jersey's State Auditor to analyze the costs and benefits of certain state-funded programs and initiatives. It applies to any program or tax credit initiative receiving $1 million or more annually in state funding, including those run by accounting agencies or economic development authorities. The auditor must assess direct/indirect costs, tangible/intangible benefits, compare feasible alternatives, and conduct sensitivity testing. The findings must be reported to the Governor, Legislature, and made publicly available online. This provides lawmakers with data to evaluate program effectiveness and make informed budget decisions.