Despite a looming budget deficit, Chicago Public Schools are prepared to go ahead with a 4 percent annual salary increase for teachers that was already promised in their contracts next year.
In the agenda for Wednesday's board meeting, district officials say the Chicago schools board "finds that there is a reasonable expectation that in Fiscal Year 2012 … it will be able to fund" the raise.
Although the raise is part of the current teacher's contract, board members had the option of voting it down by Wednesday if they could not fund it. The increase was omitted from school principal budgets earlier this month, leading many to speculate that CPS was perhaps hoping to renege on the commitment in light of a $720 million budget deficit.
The district on Wednesday also plans on approving similar increases for other unions as well, such as the Service Employees International Union, International Union of Operating Engineers and the International Brotherhood of Electrical Workers.
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