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GREETINGS!

 

Whether you have been a sub-

scriber from the beginning, or

are receiving this newsletter for

the first time, we are happy to

have you as our reader.

July 24, 2014

Please join the ECAC Finance Workgroup for two webinars in August. 

The first webinar scheduled for August 6, 11:00 am - 12:00 pm is Tax Credits for ECE: An Alternative Financing Strategy for a New Economy

 

This webinar explores an ECE financing strategy that uses tax credits as a method to raise the quality of services and to make high-quality ECE more available to low-income and working-poor families. Factors that make tax credits effective will be identified in this webinar. Credits in four states -- Louisiana, Colorado, Oregon and Pennsylvania. 

Register for the Tax Credits for ECE: An Alternative Financing Strategy for a New Economy webinar here.

 

The second webinar, The Iron Triangle: A Simple Formula for ECE Finance is scheduled for August 18, 11:00 am - 12:00 pm. 

 

Balancing the two sides of early childhood program budgets - income and expenses - is essential, and particularly challenging in the current economy.  While programs typically focus on rates - tuition charged to parents or revenues from government - financial sustainability is profoundly influenced by three factors: enrollment, fee collection, and the degree to which revenues cover costs.  These three factors form the "Iron Triangle" of ECE finance. This webinar will review the principles of the Iron Triangle, and discuss program and policy strategies to achieve each "leg" of the Triangle.

For The Iron Triangle: A Simple Formula for ECE Finance webinar register here. 

 

  

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Thank you for your interest in the Early Childhood Advisory Council. We would welcome your thoughts and questions. Please contact me at: [email protected].

Sincerely,

Stephanie Woodard

Project Manager 

NYS Early Childhood Advisory Council