"Long-Term Budget Outlook Act"; requires State Treasurer to prepare and submit annual multi-year fiscal outlook analysis report.

S 3618, the "Long-Term Budget Outlook Act," requires New Jersey's State Treasurer to prepare and submit two annual fiscal reports to the Governor and Legislature. The reports must project the state's budget trajectory for the current fiscal year and the next two years, including distinct deficit estimates under optimistic, pessimistic, and baseline economic scenarios. They must detail anticipated appropriations, revenues, fund balances, and explain all assumptions and methods used - including adjustments for inflation, population changes, and program expansions - using a "current services basis" approach. The first report is due by April 1 (or the Treasurer's first budget committee appearance), and a revised update is due by May 31 (or the second appearance). This bill directly affects state budget planning by mandating transparent, multi-year fiscal forecasting for legislative and executive decision-making.