"The dreaded mid-year school budget cuts have arrived. This morning, Chancellor Joel Klein instructed principals to cut their budgets by 1 percent — about $79 million across the city’s schools — by the end of January.The Department of Education’s central and field operations budget will also be reduced by 2.5 percent, which will mean layoffs of 5 percent of central staff. (UPDATE: The layoffs will affect approximately 500 central and field office employees, DOE spokeswoman Ann Forte said.)
This is the fifth round of budget cuts the school system has sustained in the last two years, though one set of cuts in June 2008 was limited to the central office budget. In November, Mayor Michael Bloomberg ordered the DOE to cut its spending by $113 million dollars. When the DOE announced raises to central staff last month, they were smaller than originally allocated in order to lessen cuts in other areas."