Finance Work Group

With limited public dollars, achieving a comprehensive early childhood system in New York State requires maximization of existing funding sources while providing relevant information to spur additional strategic investments. The Finance Work Team is developing resources and information that supports state and local government investment in early childhood services across all four areas:  Healthy ChildrenStrong FamiliesEarly Learning, and Coordinated and Responsive Systems. While at the same time supporting program providers in maximizing existing funding for the broad range of early childhood health, education, and human services.  

 

Work Group Activities:

Fiscal analysis model: Guided the development of an early childhood fiscal model to help provide budget estimates for expanding early childhood services and increasing the quality of services provided. The New York State Fiscal Analysis Model for Early Childhood Services provides policy makers with an analytical tool that will gauge the impact of changes in access, quality, and funding levels for early childhood programs; provide the information necessary to maximize existing resources to support the goals of a coordinated and comprehensive service system; and support efforts to identify new financing strategies.

The following documents and webinars can provide assistance navigating through the model:

Publications:

 

Webinars:

  • Webinar #1:  Launch of the (Fiscal Model) demonstrating how to develop fiscal and policy analysis, understand the methodology and data contained in the Fiscal Model and how to calculate return on investment (ROI).  
  • Webinar #2:  Demonstrated how to use New York State’s data tools:   Kid’s Well-being Indicators Clearinghouse (KWIC) and the Fiscal Model for developing programs and services focusing on early childhood and home visiting. During the webinar presenters demonstrated how to use the two data tools to develop:  Fiscal analysis; Policy analysis; and Long-term strategic planning.          
  • Webinar #3:  This webinar demonstrated how to develop a fiscal analysis focusing on two policy questions: What is the projected funding level to support an Universal Home Visiting Program? and What is the maximum funding amount if all 4-year old children enrolled in Universal Prekindergarten programs?  







New financing strategies:  Exploring new financing strategies including social impact bonds, full utilization of all public funding streams, and refinement of state policies to better support effective blending of funding and tax credits to raise the quality of services. 

 

Forums on Financing Strategies:

 

Publications and Resources

 

Finance Work Team Membership List:  Co-Chairs: Stephanie Woodard, Senior Policy Analyst, Council on Children and Families; Cynthia Esposito-Lamy, Early Childhood Consultant

Finance Work Team Work Plan