Establishes annual cost of living adjustment based on Consumer Price Index for certain children, youth, and family services organizations.

This bill requires New Jersey's Department of Children and Families (DCF) to include annual cost-of-living adjustments (COLA) in contracts with organizations providing child, youth, and family services. The COLA would be calculated using the Consumer Price Index (CPI) from the previous year (October 1-September 30) and announced by DCF each October 1. It directly affects contracted social service organizations - including those receiving Medicaid funding - by ensuring their fixed service rates (which cover staff wages and operational costs) adjust annually for inflation. This mechanism aims to sustain funding for essential services and maintain competitive staff compensation as living costs rise. The bill takes effect immediately upon enactment.