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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.
After weeks of speculation, the direction of the Newark mayoral race may take an important turn today as prominent members of the Payne political family gather at Newark's Robert Treat Hotel at 11:30 a.m.
The campaign of Newark mayoral candidate Shavar Jeffries has called a press conference at which both U.S. Rep. Donald M. Payne, Jr. (D-10) and Essex County deputy chief of staff and former state Assemblyman William D. Payne will be present.Read More >
Days Since Last Christie Press Conference (Jan. 9)
Bridget Anne Kelly’s attorney says lawmakers rushed to judgement An attorney for former top Gov. Chris Christie administration official Bridget Anne Kelly filed paperwork arguing his client shouldn’t have to comply with a legislative subpoena. The documents, filed by Kelly attorney Michael Critchley, argues lawmakers rushed to judgment...
By Suzanne M. Walters When unions representing local police and firefighters cannot agree to new contract terms with local governments, State law mandates that the parties submit to binding arbitration. A third-party referee, then, sets the... Read More >
"The governor has allowed political cronyism to continue and even flourish, rather than stamp it out, with some of his closest confidants enriching themselves through millions of dollars in state contracts, and legal and lobbying fees, an Asbury Park Press review of thousands of pages of campaign, lobbying and contracting documents found."- The Asbury Park Press
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