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Commission discusses "Institute of Sustainable Finance" concept; public raises procurement and conflict concerns
Summary
Commissioners introduced a concept for an Institute of Sustainable Finance (ISF) to explore long-term financing tools for county behavioral health; public commenters urged guardrails, transparency and raised an allegation that individuals tied to private venture interests are promoting the idea.
The Budget and Fiscal Advisory Committee discussed a concept for an Institute of Sustainable Finance (ISF) intended to analyze funding volatility, model return on investment for behavioral health, and design pilot blended-finance or bond-based approaches to expand long-term funding.
Chair Al Rowlett and Commissioner Steve Carnivale framed the discussion as an early concept rather than a formal proposal: any proposal would need to be developed and then vetted through the commission's committee process (Program Advisory Committee and Client/Family/Community inclusion committee, then BFA, then full commission) before any funding or procurement would be considered. "Again, this is a concept,"…
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