In this grand experiment, teachers will earn $125k/year while the principal (Vanderhoek) will only earn $90k/year. He'll have to earn the rest through bonuses based on school performance. And all of the school's funding is from public resources--no private subsidies here.
I think this is an incredible opportunity to show how increased teacher pay can attract the best from the top of academia to teach students from the lowest socio-economic strata. It's very exciting that this whole idea is finally being in place by a former TFA teacher.
I'll be very interested to hear how this school turns out--I'm expecting to see amazing results.
A New York City charter school is promising to pay teachers $125,000, plus a potential performance bonus.
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