As part of the project, they’re exploring a pay-for-success funding model, in which private investors provide the upfront cash to pay for interventions that will save the government money years later.
If the interventions work, the government pays the investors back, with interest, from the money saved by reduced spending on prosecution and incarceration.
Schumacher said the case of the two teen boys represented a lousy return on society’s investment of public education and welfare programs.
“And now, we’re paying to lock them up for 20 years,” she said. “We think working together we can do better.”Read More