On paper, the union reported a $30 million deficit on its most recent 990 IRS form. Union officials say that cash shortfall was really less than $8 million. Either way, it’s a flow of red ink that union officials acknowledge continues today.... Capitol ConfidentialIn Chicago when CORE took over - after running on a promise to reduce salaries of union officials - they found the union $4 million in debt. After one year (Karen Lewis took an big cut in pay) - the debt was basically wiped out.
We may have tilted towards Stronger Together over the victorious Revive, but both are responsible for this mess. It is not just the super high salaries over 300 thousand but note the familiar UFT names taking their share -14-20 grand each for many of the Unity Caucus leadership. Many of them also get a cut from the AFT budget too. So we are paying some of them 3 times. You'll see some very familiar names.
Don't look to them to do what CORE did in Chicago.
A major threat to teachers here in NYC is how NYSUT legal which provides NYC teachers with free legal, will be affected. Some insiders think that with the UFT firmly in charge at NYSUT, and not having shown the highest interest in teacher defense, NYSUT legal will be the first to get hit by cuts.
Here is the article from Capitol Confidential, followed by the 2010 report (what numbers will the 2013 report show?) which points to a 35,000 drop in members since 2008 -- with the new charter laws hitting us look for a bigger acceleration of that loss.
[By the way -- the UFT is also facing massive debt - which they are covering up -- but don't look to any salary reductions there either].
NYSUT has been squeezed along with the school districts that employ its members, said E.J. McMahon, a senior fellow at the fiscally conservative Manhattan Institute. He said NYSUT has a direct financial interest in lifting the cap.
“The union exists to deliver benefits to its members, including pay increases,” he said. “Their focus all the time is getting more and the tax cap limits the more.”
On paper, the union reported a $30 million deficit on its most recent 990 IRS form. Union officials say that cash shortfall was really less than $8 million. Either way, it’s a flow of red ink that union officials acknowledge continues today.
NYSUT has 600,000 members. It estimates 35,000 educators have lost jobs since 2008 as school districts across the state laid off staff, a process expected to accelerate under tax cap restrictions.
NYSUT had 507 employees as of August 2012, including 26 who worked part time. The forms show the total amount the union spent on salaries, benefits and other compensation rose to $110 million from $96 million in a year, according to its most recent 990 IRS form, which is dated September 2010 to August 2011.
About 300 employees earned gross salaries of more than $100,000, according to NYSUT’s latest federal LM-2 disclosure forms, dated September 2011 to August 2012. Of that number, about 15 employees earned more than $200,000.
http://www.scribd.com/doc/128385015/NYSUT990
This is old news. Former Secretary Treasurer Lee Cutler explained in forums and in his report at the RA how the NYSUT budget is in reasonably good shape as of 2014 despite the financial crisis, tax cap and resulting layoffs. Someone must have bought his explanation as he outpolled all of the other Stronger Together officer candidates. He almost won reelection despite not getting votes from Unity NYC.
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