Early childhood education (ECE) has strong public and legislative support. The challenge is paying for it.
Now a new brief – “Innovative Financing for Early Childhood Education” — highlights a number of different funding approaches.
Finding up-front financing is crucial, because investments in early education end up paying off. As we’ve blogged, the return on investment can be as high as $13 for every $1 spent.
“Our group proposes specific action to expand upon what is ‘right’ with existing tax policy and to create new incentives that promote state, local and private collaboration,” the brief says. It was released by the Early Childhood Education Action Tank, a coalition that includes Save the Children Action Network and the First Five Years Fund as well as financial and business institutions. (more…)