They don’t teach this in New York City public schools, but: Good morning, children, the teachers union is adding to the city’s looming fiscal crisis.
The city reached an agreement this week with the union for a new expensive contract.
Everyone knows there are budget deficits, except, it seems, the union and the elected officials behind them. The city’s new contract — which gives teachers raises and bonuses of up to 20% and retroactively to 2022 — is particularly rich when taxpaying companies, from local McDonald’s to major corporations such as Morgan Stanley and Meta are making major layoffs.
At a $37.5 billion total budget, the city Department of Education spending per student is higher than any other system in the world, let alone country.
Continue reading the entire piece here at the New York Post
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Wai Wah Chin is the founding president of the Chinese American Citizens Alliance of Greater New York.
Photo by TW Farlow/iStock