The Other Big News Story from Friday

In all the excitement over the State Senate’s passage of Marriage Equality on Friday, it was easy to miss another big story: the City budget deal.  The deal reached by Mayor Bloomberg, the NYC City Council and various unions means that over 4000 teachers will keep their jobs and 20 firehouses will remain open.

The union boss agreed to suspend study sabbaticals for a year to save his members’ jobs.

The deal also allows the city to use teachers who lack a permanent job as day-to-day substitutes. Those teachers, whom the city is required to keep on the payroll, would be forced to take all daily assignments in their local districts, saving the city tens of millions of dollars in substitute teacher expenses.

But it’s not all good news:

Teachers will not entirely be spared the knife of one of the most painful city budgets in recent years.

City schools are expected to lose 2,600 teaching jobs through attrition, driving up class sizes in many of the city’s 1,700 schools.

That’s a higher estimate than Bloomberg’s original budget, which projected the loss of just 2,000.

The City Council is expected to vote on the budget this Tuesday.  Want to learn more about the City budget and how it affects all New Yorkers?  Join the MYD Econ committee – email Zac for more info: [email protected]