Child care subsidy rate increases — $36.4 million over two years
This money will go to providers that care for children whose families qualify for government subsidies through the Colorado Child Care Assistance Program. The funding will boost subsidy rates by 5%, plus give an additional boost to providers who care for infants and toddlers, and providers in counties where the cost of providing care is higher. Part of the $36 million will also pay providers for days when children are absent. About 44% of Colorado’s child care providers participate in the subsidy program.
Sustainability grants for workforce support — $35 million over one year
This round of sustainability grants will provide funding so child care providers can give employees hazard pay, cover benefits, or maintain employees’ hours. This money will be available to providers regardless of whether they participate in the child care subsidy program The state has not yet decided the maximum grant size, but providers who care for infants and toddlers or operate in child care deserts will be eligible for extra money.