CHRISTINE STUART PHOTO
Gov. Dannel P. Malloy
Connecticut lawmakers have authorized legislation to allow the state to move forward with a contract that would allow private investors to make money, if Connecticut’s ex-offenders land a job.
Gov. Dannel P. Malloy said he’s comfortable with his policy and budget office negotiating what is being called “social impact bonds” or “pay-for-performance bonds.” The new investment tool which asks private investors to assume the risk of funding a program that reduces prison recidivism and gets more people back to work contributing to the tax rolls. If the program is successful the investors receive a return on their investment
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