The True Cost of Quality Child Care in Washington A report by the Washington Child Care Collaborative Task Force | Página 67

Potential Impact of 2021 Market Rate Study

Potential Impact of 2021 Market Rate Study

The current WCCC subsidy rates are based on market rate data from 2018 and have not been updated by DCYF to reflect the most recent market rate survey . However , data from the 2021 market rate study are available , allowing for a comparison of the estimated cost per child with the most recent data on the prices families are paying or care . Figures 16 and 17 illustrate the annual gap between the statewide average cost of care for each age group under scenario 2 , using MIT living wage salaries , and the 85th percentile of the 2021 market rates .
As demonstrated , gaps continue to exist across all age groups and settings , especially for infants and toddlers in child care centers , and across infants , toddlers and preschoolers in family child care homes . These results highlight that even if WCCC subsidy rates were set at the 85th percentile of the most recent market rate survey , providers would still face a shortfall between reimbursement rates and the true cost of care . These data also show that the prices private-pay families are currently able to afford are also insufficient meaning that child care providers cannot cover the true cost of care through either WCCC subsidy or parent tuition .
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