House Bill No. 5163 establishes a task force aimed at studying and improving the affordability of living for children, families, and young professionals in the state. The task force will focus on various aspects, including cash assistance programs, educational and employment training, and child care services. It will analyze systemic barriers to affordability, such as housing and transportation access, and assess the impact of inflation and regional cost differences. The task force is also tasked with developing methods to track economic mobility and identifying short-term and long-term policies and funding sources to enhance affordability.

The task force will consist of several state commissioners or their designees, along with appointed members who have expertise in relevant fields such as economics, education, and social services. The cochairpersons of the task force will be the chairpersons of the joint standing committees related to children and appropriations. The task force is required to submit a preliminary report by June 1, 2027, and a final report by June 1, 2028, after which it will terminate. The bill includes technical and clarifying changes but does not have any fiscal impact, as the necessary expertise is already available within the participating agencies.