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Joint Fiscal Office explains CCFAP payroll-tax receipts and one-time revenue moves; childcare base not cut
Summary
The Joint Fiscal Office clarified that a roughly $13.1 million upward revision to CCFAP payroll-tax receipts and an $18 million-to-date collection figure refer to different things and that the proposed FY25 swap is a one-time reallocation that does not cut childcare base funding.
Nolan Langwell of the Joint Fiscal Office returned to the committee to explain recent figures tied to the Child Care Financial Assistance Program (CCFAP) payroll-tax receipts and a proposed one-time swap of general fund and payroll-tax revenue in the FY25 package.
Langwell said there are two separate items often conflated in press coverage: a forecast increase and current-year collections. The first is an upward revision made in July to the payroll-tax revenue forecast that raised the expected receipts by roughly $13.1 million compared with the original budget…
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