Requires cost analysis in certain cases when State department contracts out work.

New Jersey's S 275 requires state departments to conduct a cost analysis before contracting out work usually performed by state employees for amounts over $100,000. This analysis must compare the cost of using private contractors versus state workers, including labor, benefits, equipment, and potential unemployment costs for displaced workers. Departments must also provide a resource analysis showing if the state can perform the work internally and file both analyses with the Office of Management and Budget for public review. The bill aims to ensure contracting only occurs if it saves significant state funds without harming public interest, while prohibiting contracts with firms whose leaders previously worked for the relevant state department. This directly affects state agencies, their employees, and union bargaining units when considering outsourcing.