City Contracts Fail to Adequately Fund Grand Street Settlement Operations
What happened
Grand Street Settlement stated that city contracts are not providing adequate operational funding. The organization reported that it is struggling to pay staff a competitive wage, leading to increased debt and staff attrition. A report released this week estimated the funding gap between city payments and operational costs at approximately $12,600 per child.
From gothamist.com
Why it matters
The funding shortfall challenges the ability of the City of New York to deliver on its promise of universal childcare through the 2-K program. Providers argue that without increased payments, recruiting enough workers to make free childcare available to all will be difficult.
From gothamist.com
Who's involved
- City of New YorkThe municipal government providing operational contracts and funding.
- Grand Street SettlementThe childcare provider running several programs across New York City.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Grand Street SettlementSpeculative
Grand Street Settlement might face increased operational costs and staff attrition due to the inability to pay competitive wages.
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The entities involved
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City of New York
municipal government of New York City, New York, United States
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Grand Street Settlement
organization
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