Grants court discretion to adjust, reduce, or waive certain mandatory legal financial obligations based on ability of defendant to pay.

This bill allows New Jersey courts to reduce or waive criminal fines, fees, and penalties (collectively "legal financial obligations") based on a defendant's ability to pay, the interests of justice, or if the obligation conflicts with rehabilitation goals. It directly affects individuals convicted of crimes who face mandatory financial penalties in court. Courts must state their reasoning on the record when adjusting, reducing, or waiving these obligations, implementing a 2023 sentencing commission recommendation. The change applies to all criminal cases, including non-indictable offenses.