Concerns Municipal Stabilization and Recovery Act; extends for six years.

This bill extends the recovery period for municipalities designated under New Jersey's Municipal Stabilization and Recovery Act from 9 years (109 months) to 15 years (181 months). It directly affects municipalities deemed "in need of stabilization and recovery" by state officials, requiring them to implement a 15-year financial recovery plan within 150 days of designation. Key provisions mandate the plan include a balanced budget, detailed debt repayment schedules for state obligations (including deferred pension payments), and strategies to increase revenue while ensuring timely payments to counties and school districts. The extension provides additional time for municipalities to stabilize finances under the existing framework of P.L.2016, c.4.