NM might consider social impact bonds for expanding early childhood services
Dr. Arthur Rolnick—the keynote speaker at our 2014 NM KIDS COUNT Conference—made a compelling case for higher levels of investment in early childhood care and learning services. Many people in New Mexico agree that these kind of investments will help us improve the well-being of our children. Unfortunately, there has not been a consensus in Santa Fe on how to pay for these programs.
Other states and countries are using a new financing tool—social impact bonds—to pay for preventive high quality early childhood programs like home visitation, childcare and early learning, and pre-K, which have a clear pay-off…