(NYT) — City principals will find out next week exactly how much money they will be asked to shave from their already stretched budgets for the coming school year, and they are getting ready for bad news.
“We have advised principals to brace for a cut substantially larger than the 4.9 percent reduction they absorbed for the current year,” Joel I. Klein, the schools chancellor, testified at a City Council hearing on Monday. “A cut of this magnitude, particularly after previous reductions, will obviously be painful.”
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