New York Post: School labor pain$
The city would have to come up with close to $838 million between now and the next fiscal year if it were to adopt a state labor panel’s recommendations for a contract with public-school teachers, according to budget watchdogs. A preliminary analysis of the panel’s call for an 11.4 percent raise for teachers by the city’s Independent Budget Office projected budget shortfalls of about $88 million this fiscal year — and a whopping $750 million in fiscal year 2007.
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