Latest News and Comment from Education

Wednesday, June 2, 2010

A closer look at the city’s salary freeze savings math | GothamSchools

A closer look at the city’s salary freeze savings math | GothamSchools

A closer look at the city’s salary freeze savings math

Earlier today, I wondered how the city figured that eliminating planned 2 percent raises for teachers and principals would save $400 million next year, considering that an identical cut to this year’s budget in January was projected to yield just $148 million.
Now I have the answer.
Each time planned raises were reduced — in January from 4 percent to 2 percent, and today from 2 percent to nothing — the city cut next year’s budget by $150 million, according to Department of Education spokeswoman Ann Forte. Together, the two reductions amount to $300 million in savings.
The extra $100 million is what the city set aside this year in case it reached a contract deal with the teachers union to turn Mayor Bloomberg’s intention to give 2 percent raises each year for two years into reality. But

Remainders: D.C. teachers union approves new contract