The Results First Initiative, a joint project of the Pew Charitable Trusts and the John D. and Catherine T. MacArthur Foundation, launched in 2011 to help states strengthen their ability to use cost-benefit analysis to invest in policies and programs that work and that are cost effective. Their recent report, “States Use of Cost-Benefit Analysis,” is a first of its kind study to measure states’ use of this analytical tool. To learn more,we’re joined by Gary VanLandingham, Director of the Results First Initiative. In particular, we discuss:
- To what extent are states today conducting cost-benefit analyses?
- In which policy areas do those analyses tend to focus?
- To what extent do states use the results when making policy and budget decisions?
- What challenges do states face in conducting and using these studies?
Web extras: Gary VanLandingham discusses the study’s findings about where the capacity to do cost-benefit analyses is being built within states — for example, within governors’ offices or state legislatures. [click here] He also provides an update about the Results First project. [click here]