Where Did All That Facebook Money Go in Newark?

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The Star-Ledger asks, “where did that $200 million to Newark Public Schools go?”

  • The biggest chunk, 44.6%, went to labor and contract costs: “$48.3 million went toward a new teachers’ contract that included incentives such as merit-based bonuses, $31 million in back pay and $4 million in graduate school tuition assistance. A combined $34.7 million has been committed for buying out district employees and a proposed new contract for principals.”
  • 28.8% went to charter schools, which currently serve more than 30% of Newark’s public schoolchildren.
  • 10.5% went to consultants. (Oof!)
  • 6% went to local philanthropies that funded four new high schools, helped families start home libraries, created after-school and extended-day programs, and “help[ed] layoff victims pursue college degrees or other professional certifications.”
  • 0.5% went to train teachers through the Teach for America program.

There’s $30 million left, and that will be gone by next June.

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