Even as many New York City schools reel from this summer’s budget cuts, some principals are bracing for another financial hit.
For the first time since the start of the pandemic, schools with enrollment shortfalls will have to pay back money midway through the school year. Education department budget directors warned many schools last week that they may have to let go of, or “excess,” teachers to achieve hundreds of thousands of dollars in savings through what’s known as the “midyear budget adjustment,” multiple principals told Chalkbeat.
