End of another week with a useful Forbes discussion of pay for success via SIBs in Colorado…
Want Education Funding? Only If You Show Us Results
Doug Mesecar – Forbes
Colorado has a history of conquering seemingly impossible heights, and the state’s new education funding law—which aligns public education spending with incentives supporting improved outcomes—only solidifies that conviction.
Signed by Governor John Hickenlooper in May, this law enables Colorado to partner with philanthropists and service providers and make use of social impact bonds as a kind of performance-based funding. The best part: Taxpayers are only responsible for repaying the costs of initiatives that produce desired results.