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Campbell outlines $3 billion childcare trust-fund proposal from $14 billion state account
Summary
Rep. Campbell described a proposal to invest $3 billion from a larger $14 billion state account to create a childcare trust fund, producing roughly $100 million in the first year and directing funds to subsidies, provider support and long-term universal-childcare planning via DECAL.
On the program, Representative Campbell laid out a proposal to create a childcare trust fund by investing $3,000,000,000 of a larger $14,000,000,000 state account so that returns could fund early care and learning. She said the plan would not create a new agency; instead, funds would be administered through the existing Department of Early Care and Learning (DECAL).
Campbell said the model is intended to produce ongoing returns; she estimated about $100,000,000 available in the first year. She proposed allocating roughly 30% to expand family assistance through subsidy caps, 30% to support childcare providers and workers (recruitment, training and higher pay), and 30% toward a long-term strategy for universally available, high-quality childcare.
