Pay For Success Contingency Reserve
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The Executive Budget includes a $100 million commitment to undertake Pay for Success Initiatives. Under Pay for Success, up front financing for programs is provided by private sector or philanthropic sources. Government payments are only made if the programs achieve agreed upon outcomes as verified by an independent validator and if public sector savings exceed costs. Pay for Success initiatives will be selected from a wide range of program areas including, but not limited to, health care, early childhood development, primary or secondary education, public safety, human services, juvenile justice, and aging.
While payments under Pay for Success contracts will generally occur several years after services are delivered, to allow time for outcomes to be measured, the appropriation authority is necessary to enter into the contracts.
| Category | Available 2012-13 |
Appropriations Recommended 2013-14 |
Change From 2012-13 |
Reappropriations Recommended 2013-14 |
|---|---|---|---|---|
| Aid To Localities | 0 | 100,000,000 | 100,000,000 | 0 |
| Total | 0 | 100,000,000 | 100,000,000 | 0 |
Note: Most recent estimates as of 01/22/2013