Bill > S07773

This bill requires the Office of Children and Family Services (OCFS) to utilize a cost estimation model when determining the actual cost providers incur when providing child care. The model must identify and take into account various cost drivers, including employee salaries and benefits, enrollment levels, facility costs, and compliance with statutory and regulatory requirements. Additionally, the bill mandates OCFS to prepare an annual report detailing the actual cost of providing child care in different settings, age groups, and care for children with special needs. The report must also include information on the level of quality care, major cost drivers, and a comparison of the costs to the market rate determined by OCFS.