New York City’s principals’ union has achieved a remarkable feat by clinching a lucrative contract that guarantees a substantial salary increase of nearly 17% for its members over the next five years.
Mayor Eric Adams revealed the details during his address at the union’s annual leadership conference held at the New York Hilton Midtown.
According to the new contract, the Council of School Supervisors and Administrators, representing 6,400 principals, assistant principals, supervisors, and education administrators, will receive a series of annual salary increments ranging from 3% to 3.5%.
Over the contract’s duration, these gradual raises will accumulate to 16.77%. Additionally, all members will receive $3,000 as ratification bonuses.
The agreement will be effective retroactively from January 29 to March 29, 2028.
The city has already allocated $500 million to accommodate this agreement until mid-2027. However, the total cost of the entire contract remains uncertain.
Mayor Adams, in a statement, said, “I am proud to announce that the City of New York has reached a tentative five-plus-year contract agreement with the Council of Supervisors and Administrators that provides substantial wage increases for the people who support and safeguard our children, and significant benefits for our pupils as well.”
He continued, “This administration will always stand with working people. 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.”
Department of Education Chancellor David Banks stated, “Our recent agreement with the Council of School Supervisors and Administrators marks a bold step towards equity, innovation, and the future of New York City’s public schools.”
This agreement, however, still lags behind the large pay increases and bonuses that the United Federation of Teachers secured in June.
Their $6.4 billion labor contract promises to raise teacher salaries by up to 20% over the next five years.
The newly proposed contract is yet to be ratified by the Council of School Supervisors and Administrators (CSA) members.