Teachers’ Push for Back Pay May Pinch New York City

The New York Times reports:

As New York’s 152 municipal unions line up to press Mayor Bill de Blasio for raises and back pay, his administration and the powerful teachers’ union are reaching the final stages of a largely overlooked, drawn-out battle that could prove enormously expensive to the city — potentially putting at risk its ability to balance the budget.

The union is seeking $3.4 billion in retroactive pay, and fiscal experts say there is a realistic chance it could win.

It's for the children.