The proposed legislation establishes the New Jersey Government Restructuring and Modernization Commission, aimed at addressing the state's significant structural budget deficit through a comprehensive review of executive branch departments and agencies. The commission will consist of 15 members, including representatives from the executive branch, the Legislature, experienced public employees, and public members with expertise in governance and finance. Its primary objectives include identifying overlapping functions, inefficiencies, and opportunities for consolidation, while ensuring that any proposed reforms prioritize the preservation of public services and avoid layoffs, relying instead on natural attrition and retirements.

The commission is tasked with developing a modernization blueprint and submitting annual reports to the Governor and Legislature detailing its findings and recommendations. It will operate transparently, holding public meetings and soliciting input from frontline employees and the public through an online portal. The bill emphasizes collaboration between branches of government and the importance of institutional knowledge, aiming to create a more efficient and accountable state government while safeguarding the integrity of the workforce. The commission is set to expire five years after enactment unless reauthorized by the Legislature.