local financing for early learning a community toolkit · • social impact bonds. emerging sources...
TRANSCRIPT
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Local Financing for Early
Learning
A Community Toolkit
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Our Time Together
Understand local revenue streams for early learning in NC and their opportunities and challenges.
Hear about successful initiatives around the country.
Learn about emerging leaders and emerging financing tools in NC.
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It’s Time!
• Business • Economic Development• Faith • Law Enforcement• Voters• State and local elected officials
There is widening community support for ensuring children get a strong start.
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We Have Momentum!
• National Business Roundtable -calling for policies to increase 3rd grade literacy
• SAS, AT&T North Carolina, Ingersoll Rand, Bank of America, National Gypsum Company, Red Hat and Medical Mutual Insurance are spearheading the effort in NC
• CEOs recognize these policies as a major step in reversing the “skills gap” and developing a workforce prepared to succeed in a global economy
Dale JenkinsCEO, Medical Mutual of NC
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Faith Leaders are Called to
Act
My faith calls me to ensure that each child in every community has the opportunity to become the very best person God has created him or her to be.”
Reverend Tommy JamesFirst Baptist Church Burnsville, North Carolina
• Educating Parents about Early Learning
• Promoting High Quality Early Childhood Programs
• Supporting Literacy Efforts
• Creating Community Impact
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Government Initiatives Abound!
• NC Association of County Commissioners – THRIVE Initiative –100 Counties
• NC General Assembly Birth – 8 Interagency Task Force - create a coordinated system of early care, education and child development services.
• Buncombe County using economic development dollars for preschool expansion
• At least a dozen NC counties investing in early learning
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Overwhelming Voter
Support
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Early Learning
Champions
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Discuss with a Partner
What is the level of support for more access to early learning in your community? How might you measure it?
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Why Local Financing?
To answer this question, you first need to know how early learning is currently financed in North Carolina
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Early Learning Funding
Federal
State
Lottery
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Sources of Funding FY 2015-
2016
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1 cent of every $1 allocated in state budget goes to early childhood
education.
Source: NC Budget and Tax Center
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Smart Start Funding History (rounded to millions)
* The amount shown reflects mid-year cuts, and therefore is less than the amount appropriated by the General Assembly.** Includes funding earmarked for Dolly Parton Imagination Library.
* * * * * * ****
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160,474165,559
160,689 159,754154,770 157,119 159,457
152,895 151,363
136,564
129,752
121,303 121,113 120,471
0
20,000
40,000
120,000
$300.00
100,000
$250.00
80,000
$200.00
60,000$150.00
140,000
160,000
180,000
$0.00
$50.00
$100.00
$350.00
$400.00
$450.00
$500.00
SFY 01- SFY 02- SFY 03- SFY 04- SFY 05- SFY 06- SFY 07- SFY 08- SFY 09- SFY 10- SFY 11- SFY 12- SFY 13- SFY 14-02 03 04 10 13 1505 06 07 08 09 11 12 14 C
hild
ren
Ser
ved
Ch
ild
Car
e Fu
nd
sM
illio
ns
Unduplicated Number of Children Served Total State Funds Total Federal Funds Total Subsidized Child Care Funds in DCDEE Budget3
Source: Division of Child Development and Early Education, NC Department of Health and Human Services
Child Care Subsidy Expenditure History(includes subsidy paid for with Smart Start funding)
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NC Pre-K Funding History(rounded to millions)
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• Funding streams aren’t keeping up with demand nor the research behind the scope of the need.
• Funding streams are volatile and can be narrow in purpose.
• Local communities are seeking tools to support working parents, close the skills gaps and boost 3rd grade reading proficiency.
So, Why Local Financing Now?
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Questions?
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Does your local government
invest in early childhood?
How?
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Authority Exists to Spend Local Dollars
for Early Childhood
Local governments have the authority to invest for the education and well-being of their citizens and for the economic development of their communities
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Tools To Raise Local Revenue
for Early Childhood Exist Too
Item in a municipal or county budget
Bond for early childhood infrastructure
Local sales tax
Property tax
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More Options
• Allocation of fees
• Participatory Budgeting
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Emerging Ideas for
Local Financing
• Prepared Meals tax
• Occupancy tax
• Special Taxing Districts
• Social Impact Bonds
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Emerging Sources of Revenue
Wind energy farms generated $640,000 in revenue to Pasquotank and Perquimans counties last year.
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Assessing Funding Options
• Can this funding source be relied upon in the long-term?
• How would it be affected by an economic downturn?
• What other factors could influence its availability over time?
• Who pays for it?
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Bright Spots in NC
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Wake County
In 2015, 2016 and 2017 Wake County Board of Commissioners have increasingly invested in providinghigh quality prekindergarten for more four-year-olds.Funds are allocated through Smart Start.
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Bertie County
Since 2015 the Bertie County Commissioners have provided more than $100,000 per year from the county budget to fund programs for children and families such as Better Beginnings for Bertie Children.
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Section 1
Local Government Primer
• Basics of local government
• Budget process
• For those of us that aren’t
experts
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• Federal Sources
• State Sources
• Maximizing Funding Streams
Section 2
Existing Funding Streams
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Local governments have the
authority to invest for the
education and well-being of their
citizens and for the economic
development of their
communities.
Section 3
Local Funding Opportunities
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Section 4
Case Studies
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• Be specific about the
measure
• Use data and stories to
make the case
• Establish a sunset date
• Learn from failure
Section 5
Readiness Tools & Lessons
from the Field
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Visit our Website
http://financingtools.buildthefoundation.org/
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Emerging Leaders in Rural and Urban Counties
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Questions?