| Notes |
Governor Gina Raimondo included $500,000 for Pay for Success in her original budget, as a line item in Commerce Corps. It was removed from the budget in the House Finance Committee’s hearing this past Friday.
“Passing that $500K will immediately unlock nearly $1million in federal funding from the United States Department of Housing and Urban Development and the United States Department of Justice,” said Frumerie. “Furthermore, we applied for additional $1.725M from the Social Impact Partnerships to Pay for Results Act (SIPPRA) fund, essentially a national Pay for Success fund run by the United States Treasury. Yet the feds need to see that Rhode Island wants to be a partner in this work with a project on the ground. They want to know that we’re committed to building a better system that delivers results and is fiscally responsible. Removing this funding sends the opposite message, and we will be cut off from receiving millions of dollars as a result. |