Bill > A07468

This bill requires the Office of Children and Family Services (OCFS) to utilize a cost estimation model when determining the actual cost that child care providers incur when providing care. The cost estimation model must identify and account for various cost drivers, including employee salaries and benefits, enrollment levels, facility costs, and compliance with statutory and regulatory requirements. The OCFS must also consult with relevant stakeholders, such as child care resource and referral agencies and providers, in developing the model. Additionally, the bill requires the OCFS to prepare an annual report detailing the actual costs of child care in different settings, including the level of quality, major cost drivers, and a comparison to the market rates determined by the OCFS.