Reply to NY Mag: Daycare is Broken

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd like a breakdown of where the money goes. I pay a lot- about 55k a year for my kids. I know salaries aren't very high, however. Is it insurance? And if so, is there anything we can do to fix that? Is it rent? [/quote]

I pay $45K for two kids, so I get it.  But it doesn't seem unreasonable to me.  My daycare has 8 spots for under-2s at ~$1000/2 weeks.  So that's a total of $208,000 coming in annually.  They have 5 teachers for the 0-2yos to cover the full days/administrative stuff.  Assuming each staff works 40 hours/week at $15/hour, that's $156,000 annually just to pay the staff, leaving $52,000 for rent, cleaning, stuff, food (my daycare serves food), taxes, etc.  Seeing as rent for a 2-bedroom apartment in my area is $36K a year, $52 for a daycare seems pretty low, honestly (this is in a federal building so I assume their rent is lower than market rate but still).  I think the PPs who say that centers operate the infant rooms at a loss and make it up with the older kids are probably right.[/quote]
Do preschools and daycares pay taxes? Are they treated like private schools?

5 teachers for 8 little kids is a lot. I think you are only required 1 per every 4 kids.

My sons preK (private, we’re in Virginia) has 20 kids for 3 teachers. Classroom is incredibly well managed at that ratio (unlike kindergarten…). $400 a week x 20 kids= $8000 a week = $416,000 a year. Surely they can pay the 3 teachers more than 40k? [/quote]

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