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By Tom Hester | February 7th, 2013 - 3:30pm
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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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"Christie’s method for coping with scandal has been more complicated. In January, the seemingly-local issue of lane closings on the George Washington Bridge, which created a massive traffic jam in the Hudson River town of Fort Lee, became one of national interest when it was revealed that one of Christie’s closest staffers had ordered them—for what looked like political retribution against a Democratic mayor. The scandal was quickly dubbed 'Bridgegate,' and unfortunately for Christie, it played into his reputation as a bully. Christie's response was to act unlike himself: humble." - Olivia Nuzzi

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