Requires local budgets to be prepared using generally accepted accounting principles.

Summary

The bill would mandate that all municipal and county budgets in New Jersey be prepared in accordance with generally accepted accounting principles (GAAP). It targets local government finance offices and aims to make budgeting more consistent and transparent. The measure has been introduced in the House and sent to the Assembly State and Local Government Committee.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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