Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

1599-3557 - Social Innovation Financing




Account Description FY 2015
Spending
FY 2016
House 1
1599-3557 Social Innovation Financing
For continued funding for the Social Innovation Trust Fund established under section 35VV of chapter 10 of the General Laws to hold funds in support of pay for success contracts; provided, that per the legislation, these funds are based on expected future payments that will only be distributed upon achieving performance goals under the pay for success contract; and provided further, that the amount represents additional funding for the efforts underway to enter into pay for success contracts
250,000 7,540,000

Increased funding to meet obligation

 
 


top of page link top of page