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Committee hears proposal to create a dedicated California Affordable Child Care Fund
Summary
Assembly Bill 1428, proposing a 0.5% levy on corporations with revenue above $10 million to finance a dedicated child care fund, was presented and referred to the committee's suspense file after testimony from provider advocates and business opponents.
Assemblymember Marcucci presented AB 1428 to establish a dedicated California Affordable Child Care Fund funded by a proposed 0.5% tax on income above $10 million for corporations, with revenues deposited into a dedicated fund to support licensed child-care providers and reduce costs for families.
Marcucci said the bill aims to improve affordability and access by supporting providers' pay, expanding slots and improving program quality.…
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