NUPGE's updated report on Social Impact Bonds explains how they work and how they will harm public services and increase costs. The report also provides information on research that found that, even if Social Impact Bonds work as claimed, the costs will exceed any possible savings. Updated October 2016.
Social Impact Bonds
"We have exciting work ahead, full of new conversations about how to make our country, our communities, our workplaces and our lives better. And we want you to continue to be part of it!" - James Clancy, NUPGE National President.
Workers come together to organize against Harper's harmful EI changes.
Alternative Federal Budget plan tackles Canadians' real concerns.
Along with Public Private Partnerships (P3s), Social Impact Bonds are a bit like money laundering because they allow politicians to hide debt.
“We will be emerging from this convention with a strong action plan to counter these attacks and moving our agenda of justice, equality and fairness for all Canadians forward.” - James Clancy, NUPGE National President.
NUPGE urges the Conservative government to establish a Fairness Test to assess the distributional impact of key tax and spending policies in budgets and determine whether they will reduce income inequality or make the problem worse.
Higher costs, reduced accountability and privatization are all risks in the social impact bond funding scheme for public services.
Ottawa (10 May 2012) - Even though they have yet to produce results, many governments are enthusiastic about the way social impact bonds allow them to “buy now, pay later", says the National Union of Public and General Employees (NUPGE).