Establishes procedures and standards regarding public service privatization contracts.

New Jersey Assembly Bill A919 establishes standards for public service privatization contracts, requiring state and local agencies to demonstrate actual cost savings for taxpayers before outsourcing services. The bill mandates competitive bidding, ensures services maintain current quality and pricing for the public, and requires contractors to pay wages and benefits equal to those of displaced public employees. Agencies must provide detailed cost analyses, allow union input on cost estimates, and submit quarterly reports on contractor compliance. The Office of the State Comptroller reviews contracts for compliance, and the State Auditor conducts annual post-audits to verify savings and prevent service degradation or underpayment of workers.