Philly Principals Agree to Pay Cut

The Inquirer’s Kristen Graham reports that the union representing Philly’s public school principals has agreed to take a steep pay cut, and for members to start contributing to their health insurance plans.

Under the terms of the new contract, the average assistant principal or principal would take a pay cut of 12 to 17 percent. Principals now make between $124,000 and $149,000, and that will change to $97,000 to $124,000. Assistant principals are now paid between $106,000 and $133,000, and that will be reduced to between $88,000 and $110,000.

 The year-round employees will also be on 10-month contracts going forward. The school district must still come to agreement with — or decide to impose a contract up — the union representing district teachers. Officials are looking for a total of $130 million in givebacks from the unions.