New Jersey A2029 mandates stress testing on the state's ability to provide services in various economic conditions.

New Jersey A2029 requires the Department of the Treasury to conduct and report on a stress test analysis of the state's ability to maintain services and provide necessary assistance to residents in various economic conditions. This analysis includes long- and short-term projections of major funding sources, a comparison between projections and historical trends, an analysis of expenditures likely to change in different economic conditions, an accounting of the state's reserves, and options to respond to economic recessions.

New Jersey A2029 mandates stress testing on the state's ability to provide services in various economic conditions.

New Jersey A2029 requires the Department of the Treasury to conduct and report on a stress test analysis of the state's ability to maintain services and provide necessary assistance to residents in various economic conditions. This analysis includes long- and short-term projections of major funding sources, a comparison between projections and historical trends, an analysis of expenditures likely to change in different economic conditions, an accounting of the state's reserves, and options to respond to economic recessions.