The city’s powerful principals’ union has secured a lucrative new contract that is expected raise members’ salaries over the next five years by nearly 17%.
Mayor Adams announced the tentative agreement with the Council of School Supervisors and Administrators – which represents 6,400 principals, assistant principals, supervisors and education administrators — while speaking at the union’s annual leadership conference Saturday at the New York Hilton Midtown.
The package – which is retroactive to Jan. 29 and runs through March 29, 2028 – includes yearly raises ranging from 3% to 3.5% that total 16.77% when compounded over the length of the agreement.
It also provides other sweeteners, including ratification bonuses of $3,000 to all members.
The city has already budgeted $500 million to cover the deal through mid-2027, officials said.
It’s not immediately clear what the total cost will be to cover the entire contract.
“This administration will always stand with working people,” said Adams.
“I know how hard our educators work on behalf of all New Yorkers, and we are going to make sure our union members get the wages, rights, and respect they deserve.”
The deal still falls short of the fat pay hikes and bonuses that members of the United Federation of Teachers secured from Adams in June.
That $6.4 billion labor contract will increase teacher salaries over the next five years by up to 20%
The agreement must still be ratified by CSA members.
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