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

Bill A 2029 would require New Jersey's Department of the Treasury to conduct a comprehensive financial stress test every three years. The analysis would examine how state revenue (from taxes and federal funds), spending patterns, and emergency reserves might change during economic downturns, including recession scenarios. It would also evaluate strategies to maintain essential services during financial crises and require the results to be published online and included in the Governor's annual budget proposal. This bill directly affects state budget planning processes, aiming to improve preparedness for economic shifts.