Establishes New Jersey Government Efficiency Commission.

SJR 147 establishes a New Jersey Government Efficiency Commission to review state government operations. The commission, consisting of seven members including the State Treasurer (as chair), a Chamber of Commerce representative, and five public members appointed by legislative leaders, will identify ways to streamline government functions, eliminate unnecessary processes and overlapping work, and find cost savings. It must submit an initial report to the Governor and Legislature within one year of formation, followed by annual reports. The bill directly affects state government operations by creating a formal process for reviewing efficiency, with no direct impact on residents or businesses outlined in the text.