Excerpts from the fact sheet:
The January 2007 financial fact sheet released by HELP summarized the state of child care program funding in BC up to and including policy decisions announced by the federal and provincial governments as of January 12 2007. This document provides an update in light of significant provincial and federal developments since that time. Most notably:
1. February 20 2007 - Province of BC reduces 2007/08 child care budget and 3 year plan to reflect termination of federal transfers of $152 million annually ($455 million total) related to the 2005 bilateral agreement on early learning and child care (ELCC).
2. February 27 2007 - Province of BC partially restores Child Care Resource and Referral (CCRR) funding for 2007/08.
3. March 19 2007 - Federal budget introduces new federal transfer program for child care spaces, which will provide BC with a transition payment of approximately $33 million in 2007/08.
4. March 19 2007 - Federal budget extends federal transfers under 2003 multilateral framework on ELCC through 2012/13.
5. May 15 2007 &em; Province of BC lifts intake cap on new applications for child care operating funding, indicating waitlisted applications will be processed effective June 1 2007.
The following tables update the January 2007 financial analysis to reflect this new information, and future financial fact sheet updates will continue to track the evolution of child care policy development in BC.