Calculations Of Child Care Subsidy Savings
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The document presents calculations comparing child care subsidy savings between the Old System and the Cheaper Child Care program. The first table shows data from September 2023 to September 2024 for a family accessing 30 hours of care weekly. Under the old subsidy scheme (71.06% contribution rate), total government subsidy paid was $18,222 with out-of-pocket costs of $7,342 across the period. Under Cheaper Child Care (82% contribution rate), subsidies increased to $20,990 with reduced parental costs of $4,574, generating net savings of $2,768 per family. The second table appears corrupted with formatting errors and illegible data, making its contents uninterpretable. The disclosure demonstrates the program's intended effect of reducing household child care expenses through increased government subsidy contributions.
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