The de Blasio administration has canceled a long-scheduled $900 million deferred compensation payout to current and former teachers, citing the coronavirus-induced financial crisis.
The payout due this month — the last in the series of five stemming from union negotiations between 2009 and 2011 — was called off as the city attempts to limit the number of administration-wide layoffs, First Deputy Mayor Dean Fuleihan wrote to the teachers union Thursday.
Gee this might leave a stain on the sheets.
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