Bill > S03903

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. OCFS must also consider the cost of providing services at different levels of quality. Additionally, the bill requires OCFS to prepare an annual report detailing the actual cost providers incur in each child care setting, including information on quality levels, major cost drivers, and a comparison to the market rate determined by OCFS.