New Jersey S3553 authorizes the State Auditor to conduct cost-benefit analyses of certain programs and initiatives.

New Jersey S3553 authorizes the State Auditor to conduct cost-benefit analyses of certain programs and initiatives. The bill allows the State Auditor to analyze programs or initiatives funded by state appropriations of $1,000,000 or more annually or those established to award tax credits of $1,000,000 or more annually. The analyses must include evaluations of direct and indirect costs, tangible and intangible benefits, and sensitivity analyses. The State Auditor must submit written reports to the Governor and the Legislature and make electronic copies available to the public.

New Jersey S3553 authorizes the State Auditor to conduct cost-benefit analyses of certain programs and initiatives.

New Jersey S3553 authorizes the State Auditor to conduct cost-benefit analyses of certain programs and initiatives. The bill allows the State Auditor to analyze programs or initiatives funded by state appropriations of $1,000,000 or more annually or those established to award tax credits of $1,000,000 or more annually. The analyses must include evaluations of direct and indirect costs, tangible and intangible benefits, and sensitivity analyses. The State Auditor must submit written reports to the Governor and the Legislature and make electronic copies available to the public.