This bill establishes the Office of the State Chief Efficiency Officer within the Department of the Treasury, appointing the Chief Efficiency Officer by the Governor with Senate approval. The Chief Efficiency Officer will oversee the efficient and responsible use of taxpayer funds across State government, focusing on areas such as office supplies and utility usage, while also identifying cost savings. The officer is required to collaborate with Efficiency Officers from each State department, county, and municipality, and will issue an annual report detailing cost savings achieved at various levels of government. Additionally, a webpage will be maintained to provide access to these reports.

Furthermore, the bill mandates the creation of an Efficiency Officer position in each Executive Branch department and allows counties and municipalities to establish their own Efficiency Officers. These officers will share similar responsibilities, ensuring efficient spending and identifying cost savings within their respective jurisdictions. The bill aims to enhance fiscal responsibility and transparency in government operations.