CRIM 3654 Lecture Notes - Lecture 10: Social Impact Bond, New Public Management, Cherry Picking
8 Apr 2015
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Document Summary
Funding and financing: the pursuit of stable, long-term funding many programs die because of a lack of funding particularly beyond the 2 or 3 year window of funding. It"s because of this dependence that some the recent cuts can have a devastating impact on the social service sector: costs and consequences of the funding challenge, economic style of reasoning (garland, 2001) emergence of institutionalization. A style of thinking where emphasis is placed on narrow economic logics, such as best value for money, notions of efficiency, fiscal responsibility, and cost-benefit analysis . Funding is targeted and increasingly targeted towards programs that involve crime reduction: operational insecurity (kelly, 2012) she highlights the implications of this operational insecurity around funding and financing. Social impact bonds: contexts and contingencies: financial, fiscal crisis (economic austerity) acute since the 2008 financial crisis. Significant cuts to federal grants for things like basic social services. These are the federal grant cuts for example, income security 32. 5 billion.
