Establishes New Jersey Revenue Advisory Board; modifies executive State budget presentation; updates State revenue and expenditure reporting and.

The bill establishes a New Jersey Revenue Advisory Board to provide consensus revenue forecasting advice for State budget purposes. The board will consist of six members: the State Treasurer, ex officio, the Legislative Budget and Finance Officer, ex officio, and four public members. The Governor’s Budget Message will include a five-year comparison of recommended budget amounts and statutorily required budget amounts for certain major appropriations programs.

Establishes New Jersey Revenue Advisory Board; modifies executive State budget presentation; updates State revenue and expenditure reporting and.

The bill establishes a New Jersey Revenue Advisory Board to provide consensus revenue forecasting advice for State budget purposes. The board will consist of six members: the State Treasurer, ex officio, the Legislative Budget and Finance Officer, ex officio, and four public members. The Governor’s Budget Message will include a five-year comparison of recommended budget amounts and statutorily required budget amounts for certain major appropriations programs.