Financial Roadblock Stops D.C. Contract
From guest blogger Dakarai I. Aarons:
Another day, yet another installment in the drama over the proposed new contract for District of Columbia teachers. The District's chief financial officer told the city council this morning he can't certify the contract as fiscally sound because the city hasn't been able to prove it can pay for the contract.
And Natwar M. Gandhi, the CFO, says the $65.5 million in foundation money helping to pay for the contract cant be counted on because of conditions the foundations imposed on the money. Check out the District Dossier blog for more details and any updates this afternoon.