My district in CA possibly giving out IOUs after February?!?!? WHAT???

Cheryl - posted on 02/01/2009

Our district has made it very clear that the law states that education gets paid first. I don't think it's going to be an issue.

Cari - posted on 01/31/2009

Quoting Debi:

My district in CA possibly giving out IOUs after February?!?!? WHAT???

does anybody have any idea how we are going to pay for bills if our school district pays us teachers with IOUs? How does THAT work???

I read in the newspaper that  IOUs would violate federal labor laws so I am hoping that is true. My husband and I are both teachers in the same district so we would have a very big problem!

Susan - posted on 01/31/2009

About 25 years ago, Cleveland teachers went with "payless paydays" for a while. I wasn't yet teaching so I didn't live through it, however I have heard a lot of others talk about it. Seems like they were given zero percent loans to tide them over.... not sure if it was through the Credit Union or not.

Helen - posted on 01/31/2009

Having read some of these posts i just thank god i live int he uk because although the credit crunch has hit the retil industry and morgages our teachers wages are fixed and guaranteed buy the government and we even got a 6 % rise in september. I dont understand how they can get away with treating you all so badly (hardly the land of opportunity!!)

Laura - posted on 01/18/2009

Ahh no San Diego Unified got our former super...

Debi - posted on 01/18/2009

saugus union school district in santa clarita, ca (los angeles county)

Debi - posted on 01/18/2009

that's exactly what happened to us.....

Laura - posted on 01/18/2009

Where are you in California... I wonder if you got our old super?

Cheryl - posted on 01/18/2009

I just read on yahoo news that the state controller says several programs will be getting IOUs, but school and healthcare will still be paid by the state. This SHOULD mean no IOUs to school employees!

Carrie - posted on 01/17/2009

I heard that some teachers credit unions will take the IOUs

Cheryl - posted on 01/17/2009

Youch! This is not what I want to hear. We just got a letter from our Super. saying that it's worse than they thought initially, and listed a group of funded programs on a survey for us to rank by importance. Let's hope that losing summer school is as bad as it gets...

Did you get official word from the district that they are actually considering IOUs?

Shelley - posted on 01/17/2009

wow! NV's governor wants to give us a 6% pay cut and freeze steps and longevity pay until further notice (he gutted retired teacher's health insurance last year). it'll be a fight in february in the legislature and i'm sure we'll take a hit (part if not all of his proposal) so i wouldn't look to NV for a teaching job.

Janet - posted on 01/17/2009

During the Depression my Grandfather was paid with City of Chicago "Script". Basically it was an IOU like you may be facing. He had to find stores and banks willing to cash then hold on to the check until money became available in the district's account. Some were willing to do this because they knew the District would definitely become solvent in the future but many others were not. This is a major issue to be brought up with the school. Does the district expect an inflow of cash in the near future? Are there banks they/you deal with that will hold the checks until the district's next tax amount comes in from the State? If so IOUs may not be more than a short term inconvenience. If not then the teacher should seriously consider not working until after arrangements can be made for the district to meet their financial obligations to the teachers.

Lynda - posted on 01/17/2009

Oh My Gosh! I've never heard of such a thing, but I've only been teaching for about 7 years. Can they even do that? I wonder if the administrators would be willing to do the same?