The Equity Project Charter School opened in the Washington Heights neighborhood of Manhattan five years ago, with a fairly simple concept: get rid of extra administrative positions and pay teachers a lot of money—a base salary of $125,000 plus benefits and potential bonuses after two years of teaching. (A New York City public school teacher with five years of experience, by comparison, makes between $64,009 and $75,796.) Even the principal would earn less than the teachers to ensure that the school would be able to rely only on public funding, other than the cost of the school facility and its technology system. (Sonali Kohli at The Atlantic)
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