This bill establishes the Office of the State Chief Efficiency Officer within the Department of the Treasury and creates Efficiency Officer positions in each State Executive Branch department, as well as allowing counties and municipalities to establish their own Efficiency Officers. The State Chief Efficiency Officer will be appointed by the Governor with Senate approval and will oversee the efficient and responsible use of taxpayer funds across State government. Key responsibilities include identifying cost savings, collaborating with Efficiency Officers at various levels of government, and issuing an annual report detailing cost savings achieved.

Each Executive Branch department will have its own Efficiency Officer, who will be tasked with ensuring efficient spending and identifying cost savings within their respective departments, counties, or municipalities. They will also be required to report their findings to the State Chief Efficiency Officer. The bill aims to enhance fiscal responsibility and transparency in government operations by establishing a structured approach to efficiency and cost savings across all levels of government.