New Jersey § 52:9h-34

§ 52:9h-34.

The Legislature finds and declares that: a. The economic well-being of the citizens of the State of New Jersey is directly

affected by the actions of government at all levels; b. The quality of public policy and the benefits it provides to the citizens will

be enhanced significantly through the availability of timely, objective analyses of

the condition of the economy; c. The formulation of public policy will benefit from a fuller understanding of the

structure of the State's economy and its competitive position relative to other states

and regions; d. Fiscal policy is highly sensitive to economic conditions and will be enhanced through

improved economic analyses and forecasts; e. The functioning of the Legislative and the Executive branches of government will

be enhanced by the existence of an independent advisory council composed of knowledgeable

experts given the resources necessary to provide sophisticated, timely, and objective

economic analyses; f. An advisory council dealing with economic affairs will contribute to improving

the quality of decision-making in both the public and private sectors, with long-term

benefits for all of the State's citizens; and g. A permanent advisory council composed of economic experts reporting directly and

independently to the Legislature, the Executive Branch of government and the public,

will best provide the objective and timely analyses needed to assure that public policy

yields the optimum economic benefits for all of the State's citizens.