This bill mandates that the Department of the Treasury conduct a stress test analysis every three years to evaluate the State's ability to maintain services and provide necessary assistance to residents under various economic conditions. The analysis will include long- and short-term projections of major funding sources, a comparison of these projections with historical trends, an examination of expenditures that may fluctuate, an accounting of the State's reserves, and options for mitigating the negative impacts of economic recessions.

Additionally, the bill requires that the results of these stress tests be made publicly accessible on the Department's website and included in the Governor's annual budget message. This initiative aims to enhance transparency and preparedness in the face of economic challenges, ensuring that the State can effectively respond to potential financial downturns.