If Mulgrew’s differential is tied to schools receiving hard-to-staff or space exemptions, then the schools most likely to qualify are schools that already received those exemptions in 2025-26. But those exemptions must be renegotiated every year, so last year’s list is not automatically next year’s list. Picture from the 2025-2026 academic class size policy.
@FiredDetective I was wondering since the show and looked up next Constitutional Convention. Just when the can is finally kicked down the road and stops? All else being equal economy wise, coincidence. In not sure 11 years from now will be the same but what do I know?
New York City is balancing today’s budget by re-amortizing pension costs, effectively pushing billions in obligations into the future and extending the repayment schedule to approximately 2037.
Coincidentally, 2037 is also the year New Yorkers will vote on whether to hold a constitutional convention.
While pension protections remain fully intact today, a constitutional convention is one of the few avenues through which changes to those protections could be proposed. That’s why public employees should keep a close eye on both.
@JohnDMacari@FDNYchic@EricDymCop@FiredDetective
While amortization charges to NYC pension plans isn’t particularly problematic as a one shot deal (although it will cost $ down the road) to plug a budget gap public sector unions especially have to make sure this doesn’t become a habit. Serious opposition to any future amortization is essential especially if there’s a market downturn.
@PolicyEngineer@NYCMayor Regarding pension restructuring, What happens when not all 5 pensions board vote it in? Police and fire may not vote for this. Then you are left with 3/5. Where is the money then coming from?
So, just to be clear, the governor is leaning towards school choice “lite,” class size is being delayed, city pensions are being re ammortized, we will have many less anticipated additional teachers (6000 down to 1000), and we are going to wish away Carter cases by throwing money at special ed that may never reach the schools. Oh, but we have tons of money for boxed curriculums and AI ed tech. Where is the “Respect Check?”
The uft is really “doing the work” as they claim 🙄
What stood out to me is that the largest portion of this so called new state aid appears to come not from direct recurring funding, but from pension restructuring. That raises serious questions about whether the city is addressing current budget pressures by pushing long term obligations further into the future rather than resolving the underlying fiscal issues.
The pension itself is constitutionally protected and has to be paid. The concern is not whether current retirees will receive their pensions, but what happens if economic conditions or long term market assumptions do not hold up over time. If the economy turns, those obligations still have to be funded somehow.
That can create future pressure on active employees and future retirees through higher healthcare costs, increased copays, higher taxes, reduced services, or other forms of cost shifting onto working people and retirees living on fixed incomes. Using pension restructuring as a major budget balancing tool deserves significant public scrutiny and transparency because today’s savings can easily become tomorrow’s financial burden.