The article discusses the urgent need for a comprehensive solution to child care accessibility in New York City. Introducing the CARES Plan (Comptroller's Audit & Resource Enhancements for Universal Child Care), the proposal suggests utilizing a $500 million investment from city pension funds to expand child care facilities across the boroughs. This approach aims to provide immediate support to working parents while ensuring long-term returns on investments. It calls attention to the systemic challenges faced by parents who struggle to afford care, noting that this issue is a collective policy failure rather than a personal one.
This isn't just a personal issue, it's a policy failureâand it's gone on too long.
Do we believe that working parents have a place hereâthat they are, in fact, critical to the lifeblood of the city?
My plan would use a $500 million investment from our city's pension fundsâa smart, long-term real estate investmentâto finance the expansion of child care facilities.
By financing child care centers, we get long-term returns for our retirees and immediate help for working parents.
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