Establishes the permanent child care workforce pay equity fund and provides for the distribution thereof; appropriation

S 5533 creates a permanent $1.2 billion fund to improve pay for New York child care workers. It requires that at least 75% of funds distributed to child care programs must increase compensation for direct caregivers (like teachers), 10% for administrators, and the rest for program quality or capacity. The bill mandates the state develop a minimum wage scale aligning child care pay with public school educators and prioritizes funding for programs serving high-need children, underserved communities, and those accepting state child care subsidies. Programs receiving funds must meet wage requirements and report how money is used.