Understanding the Cost of Quality Child Care in New Mexico: A Cost Estimation Model to Inform Subsidy Rate Setting
This report by Prenatal to Five Fiscal Strategies provides a detailed summary of the process and the findings from New Mexico's cost study and cost estimation model in their effort to inform subsidy rate setting. The report shares cost of quality across age ranges, including school-age, and levels of quality in QRIS. Findings include that current subsidy rates are insufficient to cover the true cost of quality, and that program financial viability increases when serving mixed-age groups.
Subsidy, Eligibility, and Equal Access
Subsidy and subsidy eligibility
Affordability and availability
Culturally Responsive Practice & Inclusion