FY2024 budget earmarks $500 M for NY’s childcare workforce

Governor Kathy Hochul on May 31st announced a $500 million investment in the FY 2024 Budget to bolster New York’s child care workforce through the Workforce Retention Grant Program. Funding from the program will support 150,000 child care workers and can be used to provide bonus payments ranging from $2,300 to $3,000 to staff in caregiving roles, as well as to recruit new staff, offer sign-on and referral bonuses, and more. Applications will open on July 13. Governor Hochul made the announcement in Brooklyn during a visit to Vivvi, a child care provider based in New York City. The Governor also highlighted additional investments in the Budget to make child care more affordable and expand access for families across New York. 

Governor Hochul said, “Child care is truly at the foundation of New York’s success, which is why it is central to our work to make the state more affordable and more livable. I’m proud of the investments in child care we have made in this Budget to make care more accessible for families, grow our workforce, and make a down payment on the future of our state.” 

The FY 2024 Budget created the Workforce Retention Grant Program, which will make $500 million in underutilized federal funds available as grants for eligible child care programs. Funding can be used to provide bonus payments ranging from $2,300 to $3,000 to staff in caregiving roles, as well as to recruit new staff, offer sign-on and referral bonuses and more. Applications for the Workforce Retention Grant Program will open on July 13. 

The FY 2024 Budget also includes a $4.8 million investment in a new Employer-Sponsored Child Care Pilot Program. Participating employers, the state and employees will split the cost of child care. Families must fall between 85 percent and 100 percent of the state median income to qualify. The pilot will operate in three separate regions throughout the state.

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