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Affordable Child Care... At What Cost?
Insights about the 2024-25 Affordability Grant Agreement
Fostering Choice
- Operators signed the affordability agreement to ensure access to financial support for all families.
- We acknowledge the financial challenges that many of our families are currently navigating.
- We are committed to the well-being of our families.
- We are dedicated to providing high-quality childcare services.
Impacts On Cash Flow
- Government's Affordability Grant payments delayed (40-45 days). Daycare operators face financial strain, resort to costly financing for essential expenses.
- Childcare providers suffer 2-year financial losses due to inadequate fee caps Current fee cap lags behind inflation (9% vs. 15.2%), endangering childcare business viability
- The administrative burden imposed by the program, is an average cost of $20-30 per child per month.
Impacts On Families
- We may be unable to maintain extra educators for coverage . When an educator is unable to work, childcare may not be available.
- We may need to adjust our operational hours in response to employee availability, to optimize our resources and to maintain the quality of childcare services.
- Adjustments of supplies and extra programming may be implemented to effectively manage our budget.
How Can We Help?
- We encourage you to consider writing to your local MLA,The Minister of Children and Family Services, Searle Turton, and The Premier Danielle Smith to express your concerns and share your experiences. Your voice matters and together, we can contribute to sustainable outcomes.