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

This bill requires New Jersey's State Auditor to conduct cost-benefit analyses of state-funded programs or initiatives that receive at least $1 million annually in state funding, or tax credit programs totaling $1 million annually in aggregate. The analyses must evaluate direct/indirect costs, tangible/intangible benefits, feasible alternatives, key assumptions, and sensitivity to changes in those assumptions. The State Auditor must submit written reports to the Governor and Legislature, with public access via the Auditor's website, and agencies must provide necessary records without violating confidentiality laws. This ensures policymakers have data-driven insights to inform budget and program decisions for major state-funded initiatives.