It took the city and teachers' union three years to agree on their last contract - with the teachers working for two years without one. So, for the next negotiation, it looks like things have gone a lot more swimmingly, as the city and teachers union have tentatively agreed on a new deal. The new contract has wages increase 2% during the first year and 5% during the second, with minimum salaries rising to $45,530 in October 2008 when the new contract would take effect. Maximum salaries would increase from $93,416 to $100,049.

The union still needs to ratify the contract, but United Federation of Teachers president Randi Weingarten praised the contract, saying, "When Mayor Bloomberg came into office, salaries lagged behind those in the suburbs. This settlement, if ratified, will mean that between 2002 and 2009, teacher salaries will have risen by more than 40 percent. Finally, we are making real progress."