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Innovative Fuentes, Coutinho, Jimenez & Burzichelli Bill to Entice Private Entities to Fund Public Policy Initiatives Released by Assembly Panel
(TRENTON) – Legislation Assembly Democrats Angel Fuentes, Albert Coutinho, Angelia Jimenez and John Burzichelli sponsored to create a five-year pilot program that allows private entities to fund public policy needs through pay-for-success contracts was released Thursday by an Assembly panel.
The bill (A-3289) seeks to attract private funding for public programs aimed at reducing the cost of providing health care to low-income and uninsured residents. The Economic Development Authority (EDA) would administer the program and oversee a study commission established by the bill. If the cost-saving goals outlined by the study commission are met, backers will receive a return on their investment in what has been called Social Impact Bonds.
"Providing adequate healthcare to our neediest residents can be costly to service providers, governments and residents," said Fuentes (D-Camden/Gloucester). "This bill seeks to reduce healthcare costs in the long run while increasing the wellness of our residents without raising taxes..."
To read more, please visit the New Jersey General Assembly Democratic Office Web site.
The Progressive Democrats of America Co-Founder and National Director Tim Carpenter and State Chair Mary Ellen Marino today endorsed Bonnie Watson Coleman for the Democratic nomination in the 12thCongressional District.Read More >
Organization to honor Gov. KeanAn event next month for Community Options, Inc. will celebrate the 25th Anniversary of the organization's founding and honor Governor Tom Kean, Sr., a was an advocate over 25 years ago for bringing individuals with developmental disabilities out of state institutions into small group homes.Robert...
By HAYTHAM YOUNES As the May 13th election for Paterson officials nears, I've noticed a lot of candidates running using slogans and empty promises as if they weren't around watching Paterson get to where it's at today. I think it's important that... Read More >
"This is the only Tea Party group that endorsed Mitt Romney. These guys are the Vichy French of the Tea Party movement. They're the guys who say 'Viva la France,' and then you can't find them when the fighting starts. Come on." - GOP strategist Rick Shaftan, on the Independence Hall Tea Party group.- PolitickerNJ.com
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