Funding Florida’s future: Revenue options for early learning investments

The impending child care cliff also threatens to exacerbate Florida’s current child care gaps. The Florida Chamber Foundation, in partnership with the National Chamber Foundation, estimates that current child care gaps drive parents out of the workforce, reduce tax revenue for the state, and put an undue strain on Florida households and businesses. Their research suggests that insufficient child care availability is costing Florida employers $4.47 billion due to employee turnover and absences. Furthermore, the Florida Chamber Foundation estimates that as people miss work or leave employment, there is a fiscal cost to the state through decreased tax revenue in the amount of $911 million.

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