Chancellor Defends Pay-Back Policy on Schools' Rainy-Day Funds

Friday, February 18, 2011

New York City Schools Chancellor Cathie Black defended a new directive that reduces how much money schools can roll over from this school year into next year.

Black said that with looming state and city budget cuts, she wants schools to return 50 percent of all money they don't spend this year.

"It seems to me that it's prudent to say we're not taking 100 percent of it away," Black said. "We're letting them plan ahead with 50 percent of it. We don't have any money. These are very tough times."

Bloomberg, who announced his budget plan Thursday, is set to reduce the teacher workforce by more than 6,000 and could make more cuts if the state doesn't come through with more aid.

Black said the pay-back policy isn't intended to punish principals who have been financially responsible by putting money into rainy-day funds.

Last year, the Department of Education backed off a similar plan that would have forced schools to put all the money they didn't spend back into the city's general fund.


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Comments [3]

TLD from NYC

It is truly nickel-and-diming to ask for the rainy day money. Black's idiotic response that the city has "no money" is ridiculous in that nickels and dimes from individual schools won't make up any imagined shortfall, anyway. The mayor and the chancellor are constantly changing their tunes in an effort to turn cops, firefighters, and teachers against each other - I'm sure that at some point, Black will claim that the spare change she collects from the principals will be funding the variable annual supplement for uniformed personnel, then turn around and say the supplement is why so many teachers are being laid off. I'm so tired and so sick of the oligarchy - it seems like nothing is going to stop them. Unless New York turns into Egypt or Wisconsin soon.

Feb. 20 2011 09:06 PM
Frank from Brooklyn

Be careful about forcing schools to spend money rather then returning it. From my experience this will only lead to money spent on wasted supplies.

I have heard that a school that fails to spend money in the current year will have their funding decreased accordingly in the coming year.

With a little thought a better way can easily be found.

Feb. 19 2011 03:24 PM
CLB from NYC

Where is all the Lottery money, millions and millions. Gambling justified in the name of education. Ms. Black is asking for nickels and dimes from those that can barely afford it. Let's see her raise this question about the Lottery to the mayor, the governor, the state controller.

Feb. 18 2011 06:30 PM

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