S 1411 New Jersey Senate · 2024-2025 Regular Session

Requires stress testing on State's ability to provide services in various economic conditions.

This bill requires New Jersey's Department of the Treasury to conduct a comprehensive stress test analysis every three years, assessing the state's ability to maintain essential services during economic shifts like recessions. The analysis must project funding sources (taxes, federal aid), compare them to historical trends, evaluate spending changes, account for state reserves (including the Surplus Revenue Fund), and identify recession response options. The results must be published online and included in the Governor's annual budget proposal. This applies directly to state government operations and indirectly affects all New Jersey residents by ensuring fiscal transparency and preparedness for economic challenges.
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2024
Committee Review
Jan 2025
Senate Passage
Jan 2025
General Assembly Passage
Governor
Introduced Jan 9, 2024 Last action Jan 30, 2025
Floor votes · Senate Jan 30, 2025

How they voted

370
Passed · 3 other
Total votes 40
Jan 30, 2025
D Democratic25
24 Yea 1
96% Yea
R Republican15
13 Yea 2
86% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
2
Jan 30, 2025
Committee
Received in the Assembly, Referred to Assembly State and Local Government Committee
lower
Jan 30, 2025
Upper · Passed
Passed Senate (37-0)
upper
Jun 10, 2024
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
2 primary · 3 co-sponsors

Sponsors