OP-ED | The Land of Steady Habits
By Brian O’Shaughnessy, CT News Junkie | June 18, 2013
For the past two years, colleagues and I have been working within Connecticut to promote the concept of social innovation investments. The high profile tools are social impact bonds and pay-for-success contracting structures, but there are others.
These non-partisan approaches promote measurement of social service investments and reallocation of limited public resources towards primarily preventive services. The idea is to maximize the economic benefit of social services by reducing the underlying conditions that cost taxpayers money. Address root causes and deliver strong, proven services early, to avoid trouble later. A fiscal approach regarding the delivery of preventive social services can create tremendous economic value. Permitting social service needs to fester promotes reactive government and bloat. Full story…