This report explores ways to cover the true cost of high quality child care in order to meet the needs of children, families, and the broader economy. By creating a new and equitable financial model for child care, it will ensure that care is affordable for families, that the workforce is compensated at a living wage, and that programs have resources to meet high quality standards. It includes the link to a refreshed version of a 2018 interactive cost estimation tool for home-based child care, and for children ages birth to five. While there is not a tool for school-age, the information and concepts are relevant for school-age care. This resource may help in planning for use of federal stimulus funds.