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Story Title:
Teacher Rating System Deal A Bust; City School Budget To Lose $250M

Story Summary:
Mayor Michael Bloomberg and the city's teachers union announced Thursday afternoon that they cannot agree on a teacher rating system, which will likely result in a $250 million cut in state aid for this school year's budget. Both parties blamed each other for failing to reach an agreement. | Share your thoughts. | Watch the mayor's press conference. | Watch the teachers' union press conference.
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