Establishes State Debt Capacity Advisory Commission.

This bill creates the State Debt Capacity Advisory Commission to analyze New Jersey's debt affordability. The commission must publish an annual report by December 1st, including detailed projections of state debt payments, revenue estimates for debt service, and comparisons of debt ratios to other states. The report provides nonbinding advisory information to assist the Governor and Legislature in evaluating future debt decisions, but does not constitute an official state disclosure. The commission consists of nine members, including the State Auditor, Legislative Budget Officer, and public experts appointed by legislative leaders. The report will be publicly accessible online and updated as needed to inform fiscal planning.