Results First

Abstract

Cost-benefit analysis has been used with some success at the federal level for many years, but states have generally made limited use of this approach. They are now showing growing interest in evidence-based policy and budget decision making, due in part to their ongoing deep budget difficulties. Several promising developments have increased the probability of success, including methodological advances and the development of user-friendly cost-benefit analysis models by the Washington State Institute for Public Policy. These have been integrated into Washington State's policy and budget processes for more than 15 years. The Results First initiative of the Pew Center on the States is helping other states to implement and customize these models. While the effort is just beginning, early outcomes are encouraging.

Keywords:

• benefit-cost analysis
• budgets
• cost-benefit analysis
• evidence-based programs
• states