New York City Teachers Cash In on Their Way Out

Michael Wille /

Barbara Martinez of The Wall Street Journal reported last week that New York City schools have begun handing out pink slips to teachers:

Principals—who are facing an average 4% budget cut at their schools—have started eliminating teaching positions ahead of Friday, when their spending plans are due to the city Department of Education [DOE].

Presumably this action is meant to cut costs. But there’s a twist: (more…)