"Detroit's public schools took a step closer to financial stability over the weekend when the 7,000-member teachers' union ratified an innovative contract that will save the district $63 million over the next three years.
Under the deal, teachers, school counselors and other staff agreed to defer $10,000 each in pay over the next two years to help the district pay its bills.
In addition, union pay raises will be more closely tied to the district's financial health. In the third year of the contract, for example, teachers will receive a guaranteed 1% pay increase, but they will get a further 2% raise if districtwide enrollment increases and the district draws more state funding."
Under the deal, teachers, school counselors and other staff agreed to defer $10,000 each in pay over the next two years to help the district pay its bills.
In addition, union pay raises will be more closely tied to the district's financial health. In the third year of the contract, for example, teachers will receive a guaranteed 1% pay increase, but they will get a further 2% raise if districtwide enrollment increases and the district draws more state funding."