Requires Department of Treasury and DHS to annually identify State funds available for NJ FamilyCare and child care services, evaluate programs, and create prioritized list of initiatives to improve quality of care under programs.

S 3161 requires New Jersey's Department of Treasury and Department of Human Services to annually report to the Governor and Legislature on funding for two key programs. For NJ FamilyCare (which covers Medicaid and CHIP health coverage for low-income residents), the report must identify available state funds and evaluate care quality, then prioritize the 12 most urgent policy changes needed to fix deficiencies. Similarly, for child care subsidy programs, the report must identify unspent state funds and evaluate service quality, compiling a prioritized list of 12 needed improvements with required funding. The bill mandates these annual reports starting January 1 after enactment, focusing on using existing funds more effectively to improve program quality.