Some 100,000 freshly minted high-school diplomas are now as worthless as the name that's printed on them -- that of booted Chancellor Cathie Black.
It's the second time this school year the city Department of Education has had to switch the chancellor's name on the sheepskins.
In November, Chancellor Joel Klein quit. Thousands of diplomas emblazoned with his name had to be shredded.
When Black took over in January, the DOE's printer redid the press plates to etch in "Cathleen P. Black," and ran off 104,000 new diplomas, which now have to be tossed.
It's back to Tripi Engraving, the DOE's printer in Greenpoint, Brooklyn, to order a new batch embossed with "Dennis M. Walcott" -- once he gets a waiver from the state to serve as chancellor.
Normally, the DOE prints an average 70,000 diplomas each year at 49 cents apiece. But the DOE has already hit a $100,000 spending cap on the printer's contract and has to put out a new bid, said spokeswoman Margie Feinberg.
The good news is, this money is going to an outside contractor, and the Mayor of Money LOVES giving city money to outside contractors as opposed to evil city workers with their evil city salaries and evil city benefits.