History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
The ticking time bomb in San Diego school finances
- 09-13-2011
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By Will Carless and Andrew Donohue/Voice of San Diego
The San Diego Unified School District's latest labor deal is a lot like one of those interest-only loans that helped sink the housing market and brought the economy to its knees. For the first two years, the district doesn't even have to pay what it's supposed to. Teachers and other workers agreed to take five unpaid days off, trimming about $20 million each year from the district's budget at a time when it desperately needs the cash. The third year, however, is a ticking time bomb: Salaries essentially jump 10 percent in 12 months as the five days off go away and workers get three successive pay increases that will eventually cost $53.2 million annually. The deal was based on a gamble. (more...)
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