President Obama submits his FY 2013 budget to Congress
Today, the President released his budget proposal for Fiscal Year 2013 (FY2013). The proposal includes approximately $4 trillion in deficit reduction over the next decade, which includes $1 trillion in savings from spending caps that were part of the debt limit law from last August.
The President’s proposed budget includes funding cuts, savings and consolidations affecting more than 200 federal programs. Many more programs were frozen. In a challenging economy and a tough budget environment, there is good news for early childhood. The President’s budget would increase funding for child care by $825 million for FY2013. The increase is comprised of $500 million in mandatory funds (under the jurisdiction of the Senate Finance Committee and the House Ways & Means Committee) and $325 million in discretionary funds for a new child care quality initiative. According to the Administration’s budget, “States and tribes that demonstrate a strong commitment to making significant strides in their ability to measure the quality of individual child care programs through a rating system or another system of quality indicators and to clearly communicate program-specific information to parents so they can make informed choices for their families will be eligible for additional competitively awarded funding.”
The President proposed a modest increase for Head Start and IDEA infants & toddlers showing continued commitment toward early learning. In the context of the overall budget, given the size of cuts in many areas, the President clearly recognizes the need to invest in early childhood programs.
For a detailed breakdown of federal child care program funding from FY 2007 – FY 2013 – click here