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New contract for D.C. teachers won't be certified - wtop.com

This just in from WTOP news desk.
New contract for D.C. teachers won't be certified - wtop.com
April 27, 2010 - 8:47pm
WASHINGTON - Sources inside D.C. Mayor Adrian Fenty's office tell WTOP that the Chief Financial Officer for the District will not certify the new D.C. teachers' contract, which puts the deal in serious jeopardy.The decision comes after D.C. CFO Natwar Gandhi examined the stipulations attached to $64 million being pledged by private foundations for teacher salaries and bonuses over the course of the contract.
The contract, which followed more than two years of negotiations, includes a 21.6 percent raise in base pay over five years for teachers, as well as an option for teachers to participate in "performance pay" plans.
The money for the pay raises was to come from four different private foundations. Those foundations established a set of benchmarks that, if not followed, would allow them to stop funding the raises.
The benchmarks say the foundations could pull their donations if certain schools fail to meet certain performance criteria or if D.C. School Chancellor Michelle Rhee leaves her position.
The four foundations have reserved the right to pull their funding at their own discretion, and if one foundation stops funding the contract, the others may also pull their money.
In order for the contract to be ratified, Gandhi would have to certify the contract, effectively allowing the D.C. Council to ability to approve the deal.
Members of the Washington Teachers Union also would have to ratify the contract.
Gandhi will a formal announcement about the contract on Friday during his scheduled appearance in front of the City Council.

Posted by The Washington Teacher, news clip courtesy of WTOP, Mark Segraves contributed to report.

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