Principals: Cathie Black Makes Bad Business Decisions

I would have to agree with this:

They wanted half, but the Education Department Monday night said it would only take 30% of the money prudent principals had saved for next year.

The move is unlikely to quell principals' anger.

Chiara Coletti, spokeswoman for the principals union, called the compromise "capricious," adding: "They should have trusted the principals to know how to best use their savings for kids."

"It's simply a bad business decision sending the wrong message to frugal and fiscally responsible principals throughout New York City," said Edward Tom, principal of the Bronx Center for Science and Mathematics.

Principals have until March 18 to decide whether to take the deal or spend the saved funds this school year.

In a statement, Schools Chancellor Cathie Black said that after "thoughtful feedback" from principals, the department had crafted a solution to help them keep making "prudent, long-term budget decisions."

Cathie Black is, to be frank, full of shit that the "thoughtful feedback" helped her craft a solution to help principals make "prudent, long-term budget decisions."

The criticism forced her to try and walk back the decision to STEAL 50% of the unused school money, but STILL save face and garner some cash by saying she'll ONLY take 30%.

Not good enough, Ms. Black,

I think the principals are right on the substance of this - to punish principals who have tried to be judicious with their funds is just a bad idea.

But coming from the woman who thinks birth control is the solution to school overcrowding, can you really expect any good ideas?