
Great news! Early education and care got a financial boost earlier this month when Governor Charlie Baker signed a $3.76 billion economic development bill into law.
As our FY’23 budget webpage explains, this investment includes “an additional $150 million to continue the C3 Stabilization Grants through the end of the fiscal year in June 2023, and an additional $315 million in the newly created High-Quality Early Education and Care Affordability Fund.”
We are grateful to the Legislature for passing this bill and to the governor for signing it.
In a State House News story that ran in the Sentinel & Enterprise, Baker says Massachusetts can invest in child care and be fiscally prudent:
“Recognizing the importance of childcare investments, I am approving sections in this bill that redirect $315 million from the Commonwealth Taxpayer Relief Fund to the High-Quality Early Education & Care Affordability Fund. However, we can invest in childcare and make sensible tax changes at the same time. With the state in a historically strong fiscal position, the tax cuts that the Legislature has committed to prioritizing next session will be affordable without a special set-aside.”
A WBUR report focuses on the relief for some workers, noting:
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