I made a big change to my contract about a year ago. Families had different contracts, depending on when they enrolled and I wanted to have one contract for all of them and more benefits for me. In the new contract they all had to pay for the space. So they now pay for 49 weeks out of 52 per year regardless of attendance I also added a few more paid days off such as Easter Monday, Christmas Eve, and New Year's eve. There is only 3 weeks un-paid days for my own days off. I also increased their fee from $1 to $5 depending on the family. 4 out of 5 families accepted all the changes (including the family with the $5 increase), but one and they left. I replaced them quickly and I felt that families that stayed really valued me and my program. Do what is best for YOU! I would also be careful on going back on your word, because they may think that everything else could be negotiated. If you're a though cookie it may not be a problem to just say NO every time that they think they could. I gave them over 1.5 months of notice to make the changes effective.
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