Senator Kirsten Gillibrand unveiled the Child Care Stabilization Act on Wednesday, aiming to bolster child care providers amid looming financial concerns.
With existing federal support for these providers set to lapse by month’s end, over 5,000 child care centers in New York State face potential closure. Such a scenario could prompt parents to either curtail their working hours or exit the job market entirely.
The proposed act would earmark $16 billion annually for child care providers over a five-year span, ensuring their continued operation.
“Affordable child care access is pivotal for parents’ career growth and overall national economic contribution,” Gillibrand stated, highlighting the broader socio-economic benefits of the act. She remains optimistic about securing legislative approval for the act before year’s end.
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