This legislation involves a hearing to discuss the $572.5 million reserve fund from Proposition C, focusing on how to use it to expand child care subsidies for families earning up to 200% of the area median income. The Department of Early Childhood will provide a report on this matter.
Hearing on the Proposition C (June 2018) reserve fund balance, totaling $572,500,000 at the conclusion of Fiscal Year 2024-2025 according to the Department of Early Childhood, and how the City can use this reserve balance to expand eligibility for child care subsidies to families earning up to 200% area median income; and requesting Department of Early Childhood to report.
How it got here
The legislation originated from a need to address the reserve fund balance from Proposition C, aiming to expand child care subsidies for families in San Francisco.
Proposition C was approved by voters, establishing a fund for early childhood education and care.
The Department outlined policy drivers for using Baby Prop C funds to build a sustainable early learning infrastructure and expand child care capacity.
The Department presented an update on the Prop C fund balance, which totaled $572.5 million, and discussed the impact of various factors on child care participation.
Supervisor Sherrill introduced a hearing request to discuss the Prop C reserve fund balance and its potential use for expanding child care subsidies.
The Youth Commission reviewed the legislation and recommended it to the full Board of Supervisors.
The Budget and Finance Committee heard the legislation regarding the Prop C fund balance and its implications for child care subsidies.
Reconstructed from attached documents & the official record
