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work that would ramp up the use of this proven policy management tool.
A central lesson learned from global experience is that privatization works best — maximizing cost savings and value for money — when governments develop a centralized. independent decisionmaking body to manage privatization and government' efficiency initiatives, in effect a state “center of excellence" in procurement. Florida's Council on Efficient Government, for example, was developed during former Gov. Jeb Bush's teryure and was a key component of a strategy that ultimately helped his administration realize over S550 million in cost savings through more than 130 privatization and managed-competition initiatives.
If restructured and given more authority and teeth. Virginia's Commonwealth Competition Council could potentially serve that function. as I wrote in my February column. And earlier this year, the House of Delegates overwhelmingly passed an efficiency board bill
66.9%