The CCPA is currently researching various implementation and financing options for the $10/day child-care plan and I look forward to having detailed analysis and proposals. Given the experience in this fiscal year, where B.C.'s original budgeted surplus of $184 million is now closer to $1 billion, we may have even more surplus funds to work with in the future. And, there is the potential for new federal contributions after the upcoming federal election, making child care even more affordable for B.C. and/or raising the possibility that we could ramp up our implementation schedule and provide more relief to families sooner.
Still, Budget 2015 on its own confirms that the B.C. government's only stated excuse for not implementing the $10/day plan -- "we can't afford it" -- is officially eliminated, along with budget deficits for the foreseeable future.
Note: Generation Squeeze estimates various benefits from $10 a day child care. For example, 38 per cent of total costs are returned to government in taxes paid by ECEs earning pay equity wages and more mothers in paid labour force. Early in implementation, benefits in table above are conservatively estimated at 33 per cent of 50 per cent of annual investment, as access and ECE wages increase (in addition to lower parent fees).