During the COVID-19 pandemic, federal relief funding flowed into the Massachusetts early education and care sector to stabilize providers and preserve affordable access to education and care for families. In the years since, the Massachusetts state government has maintained this heightened level of investment, resulting in significant progress in improving access to education and care as well as its affordability and quality. Seat capacity, access to child care subsidies, and early educator compensation are all on the rise. Now, to further this progress and leverage the current moment as a springboard toward a robust financial future, the sector is faced with a key question: How can the Massachusetts early education and care sector capitalize on its newfound level of investment to build a nation-leading, coordinated funding model? This is the question examined in this report. The report begins by taking stock of recent investments in early education and care in Massachusetts and their impacts. It then highlights where funding comes from ("funding sources") and breaks down how funding is disbursed ("funding streams"), noting major developments since the onset of the pandemic--including an overview of recent successes and challenges for select funding streams. From this analysis, the report summarizes the high-level successes that the sector can draw upon in charting its future, as well as the high-level challenges that remain critical to address.