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Connecticut establishes $300 million early‑childhood endowment to expand preschool and childcare
Summary
The Office of Early Childhood says SB 1 creates a $300 million endowment to grow preschool and childcare capacity, fund workforce supports and reduce family costs; investments include a $10 million health‑insurance subsidy pilot and an advisory council to guide spending.
The commissioner for the Office of Early Childhood told the cabinet that Senate Bill 1 creates a $300,000,000 endowment intended to grow preschool and childcare capacity while protecting quality and affordability. "This starts 07/01/2027," the commissioner said, describing the date when several programmatic changes would begin.
The cabinet was told the endowment will receive unallocated surplus dollars and is designed to spend up to 10% annually (12% for the first two years) while preserving principal. The fund's aims include expanding slots, increasing rates to raise provider wages, supporting programmatic and technical‑assistance costs, and improving data…
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