Recognizes the need to reinvest savings related to foster care caseload reductions into effective efforts that improve outcomes.

Maximizes limited resources by continuing to focus on efforts to improve child safety, child permanency, and child well-being.

Requires the department of social and health services, in collaboration with the office of financial management and the caseload forecast council, to develop a methodology for calculating the savings.

Creates the child and family reinvestment account.