Corrections reform: a viable option for budget savings

From The Vera Institute:

“The State Budget Crisis Task Force, co-chaired by former New York Lieutenant Governor Richard Ravitch and former Federal Reserve Board Chair Paul Volcker, recently released a report that identifies the leading structural problems that undermine the long-term fiscal sustainability of the states. These issues include the rising cost of Medicaid, the prospect of less revenue from the federal government, as well as one that Vera’s Cost-Benefit Analysis Unit and Center on Sentencing and Corrections also examined in our Price of Prisons study: the cost of underfunded retirement benefits.”

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