The bills: Establish a Sustainable Early Childhood Endowment
- Establishes the Early Childhood Education Endowment to invest in childcare now and in the future.
- Deposits up to $600 million into the fund over the next two years.
- Allows the State Treasurer to invest the money with the long term goals of fund solvency and growth.
Lower Costs and Increase Access
- Childcare and Pre-K will be free for families in state-funded programs earning up to $100,000 in household income.
- Families making over $100,000 will pay no more than 7% of their household income on childcare at participating programs.
- Add 16,000 new infant, toddler, and Pre-K slots across the state.
- Create an online portal to help families find and enroll in programs, compare costs, and search for subsidized childcare slots.
Attract and Retain Early Childhood Educators
- Pay qualified educators on par with public school teachers.
- Provide funding for health insurance coverage for educators.
Invest in Early Childcare Centers and Programs
- Authorizes $80 million in bonding over the next 7 years to help with capital improvements, renovation, and expansion of daycare slots.
This legislation delivers lasting solutions for families, educators, and the economy. Together, these measures provide relief for families, bolster recruitment and retention of childcare educators, and invest in the construction and renovation of early learning facilities. These bills represent a transformational step forward in Connecticut’s commitment to children and their future.
|