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Greens are calling for a billion-dollar package for daycare centers and schools in Hesse!
The Greens in Hesse are proposing a two billion euro financial program for daycare centers and schools to promote investments.
Greens are calling for a billion-dollar package for daycare centers and schools in Hesse!
The Green opposition in Hesse has proposed an extensive financial program for daycare centers and schools, which has caused considerable waves in today's discussion. The aim of the program is to promote investments in early childhood care, schools, all-day care as well as in climate protection and renewable energies.
The proposed volume amounts to two billion euros and is called the “Municipal Investment Program” (KIP). The leader of the Green Party, Mathias Wagner, highlights the challenges facing Hessian municipalities and the inadequate support from the state. The financing is designed in such a way that the two billion euros are provided through loans from WIBank, the development bank of the state of Hesse.
Conditions of the program
In the first year, 500 million euros should be available, with the remaining 1.5 billion euros to follow in the coming years. Loans are only taken out when necessary, while the state of Hesse covers half of the repayment and interest costs of the loans. For the first year, the program will burden the state budget with 7.5 million euros, which will later increase to around 63 million euros per year. What is particularly positive is that the program can be implemented in accordance with the debt brake.
WIBank also offers an investment program for full-time expansion, in which the Ministry of Culture decides on funding at its best discretion, based on set quotas for eligible providers. Applications can be submitted by public and independent youth welfare organizations as well as by suitable daycare facilities, whereby the consent of the Ministry of Social Affairs and Integration is required. Funding applications can cover up to 85 percent of eligible expenses and must be proven within six months of project completion, as WIBank reports.
In summary, it can be said that the new financial program of the Greens in Hesse represents an important step towards improving the educational infrastructure and that the strict guidelines of WIBank ensure a transparent and structured funding process.