My wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
