The Bloomberg administration and the New York City teachers? union reached a tentative deal last night on a contract that would increase pay by 7.1 percent over two years and essentially forge a peace agreement between Mayor Michael R. Bloomberg and the union from now through the end of his term in 2009. The surprisingly early agreement will, for the first time, lift base pay for the most senior teachers above $100,000 a year, an important and symbolic threshold that brings salaries for city educators closer to those in the suburbs.
See "City in Tentative Deal With Teachers' Union", David M. Herszenhorn, The New York Times, November 6, 2006