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Innovative Fuentes, Coutinho, Jimenez, Burzichelli & Mosquera Bill to Entice Private Entities to Fund Public Policy Initiatives Released by Assembly Panel
(TRENTON) – Legislation Assembly Democrats Angel Fuentes, Albert Coutinho, Angelica 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.
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Union County Sheriff Ralph Froehlich has died Union County today mourns the loss of the longest-serving sheriff in New Jersey history, who died last night at the age of 83. (Editor/PolitickerNJ) http://www.politickernj.com/77506/union-county-sheriff-ralph-froehlich-has-died Cryan serving as acting Union County sheriff, poised to run in November ...
By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups. But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >
“Clearly President Putin has created the set of circumstances and has supplied the resources … to the rebels so that this tragedy could take place. For me, I think the West, including the [United States], has to have a far more significant response than we’ve seen to date.” - U.S. Sen. Bob Menendez (D-NJ)- Fox News Sunday
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