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 potential changes in expenditures, an accounting of the State's reserves, and options for mitigating the negative impacts of economic recessions.

The results of the stress test analyses will be made publicly accessible on the Department's website and included in the Governor's budget message. This initiative aims to enhance the State's preparedness for future economic downturns by providing a comprehensive understanding of its financial resilience and resource management.