The difference between what the provider receives from the subsidy system versus the cost of care can be a significant gap. How can a provider make up the difference?
Providers consistently stress that they are unable to set rates that cover the full cost of care because parents could not afford to pay such high rates. All too often child care programs cannot make ends meet and cut back on equipment or do not increase staff compensation/benefit areas which can have a negative impact on the quality of the program. Providers typically cover the gap with private fundraising, through grants, and participating is quality initiatives such as Stars that provide additional funding to reach higher service standards.
Related Questions
- I have heard that people are claiming a tax credit versus the total system cost (including subsidy) pending IRS clarification. Do you know if any IRS decision has yet been made?
- The difference between what the provider receives from the subsidy system versus the cost of care can be a significant gap. How can a provider make up the difference?
- Isnt the fireproofing cost substantially more for the Tru-Frame system versus conventional rolled-shape framing considering the open web configuration?
