1. We need to value and price the economic impact of crime on taxes, incarceration, inmate housing, fuel cost, administrative cost, deductibles paid for burglary claims on insurance policies, cost of parole violations in terms of DA time to re-prosecute, taxes,lease, and payments for food and housing for halfway homes, payments made for state unemployment taxes, loss of school taxes due to low population count in schools, lack of resale data for lack of home appreciation and the tax impact of no resales and the resulting higher taxes for budget allocations.
The Just Brothers (JB) discussion cited many facts and figures that can be compiled to come up with the economic impact of crime, poor reading stats, dropouts, crime etc. This is the basis for the bonds to be issued. Correct the problem, no new money, allocate the savings to pay the bonds.
2. Create a thesis for the issuance of a “Social Impact Bond” that will be issued to pay for such things as the “DA Shot flare technology”, additional parole officers, modernizes parole monitoring using internet/digital technology and drug use monitoring using Affordable Care Allcoations, create a extranet for pawn shop reporting of sales and transaction history, and night school and night sports leagues at the vacant and underused schools for those who have dropped out.
3. Have the bonds issued (Zero Coupon discounted) and contingently backed by the municipalities for repayment based on measurable reductions in the crime, new education graduation metrics that show cost savings, with an allocation for cost savings that go to a trust fund that pays for the bonds long-term.
4. Offer the investors a tax credit for backing the bonds and the deferment of interest to be paid to them as a tax credit.
5. Build in mentorship and spiritual revitalization incentives and cash income for churches and community entities that provide jobs, mentoring, facility, treatment counseling, etc.
Overall, the bonds or paid for for the savings they create.