"Long-Term Budget Outlook Act"; requires State Treasurer to prepare and submit annual multi-year fiscal outlook analysis report.

This bill (A4143, "Long-Term Budget Outlook Act") requires New Jersey's State Treasurer to prepare and submit two annual reports to the Governor and Legislature. The reports must project the state's budget outlook for the next three fiscal years (current year plus two subsequent years), including distinct forecasts of potential long-term budget gaps under optimistic, pessimistic, and baseline economic scenarios. Key provisions include detailed projections of all state revenues, appropriations, and fund balances using a "current services basis" (projecting costs to maintain existing programs), along with clear explanations of the assumptions used. These reports aim to provide transparency about future fiscal challenges to inform budget decisions.