Creates the non-partisan office of policy research and fiscal analysis

Bill A 4532 creates a non-partisan office within the state legislature to provide independent analysis of policy and fiscal matters. The office will conduct cost-benefit analyses of proposed legislation and state programs at the request of legislators, evaluate budget surpluses/gaps, assess fiscal reserves, and review debt management practices. The director, appointed by a two-thirds vote of both legislative chambers to ensure non-partisanship, serves a seven-year term and reports annually to legislative leaders. This office aims to enhance informed decision-making by offering data-driven insights on fiscal impacts and program effectiveness.