A Nicholson-funded report by Advocates for Children of New Jersey (ACNJ) recommends several approaches to strengthening the finances of early childhood care providers in New Jersey. Enhancing the financial viability of providers will help ensure that families have access to a robust supply of high-quality child care options.
To learn more about the elements needed to better finance high-quality infant-toddler child care, ACNJ invited Louise Stoney, a national expert on early care and education financing and policy to New Jersey to meet with legislators, policymakers, stakeholders, and funders.
Some of Stoney’s recommendations involve changing policies at the state level, such as establishing child care subsidy reimbursement rates that more accurately reflect the true cost of care and setting rate policies that pay on the basis of enrollment rather than attendance.
Other recommendations involve changes for the providers themselves, including building systems for mutual support with other providers in the community through “shared services” arrangements.