ABC Finance
Govt refuses to reveal cost of teacher pay deal
Monday May 5, 03:46 PM
The Victorian Government will not say what impact its pay deal with teachers will have on the State budget.
The Government settled the long-running enterprise bargaining negotiations with the Education Union this morning.
On average, teachers will receive a 4.9 per cent rise in the first year and 2.7 per cent per cent in the following three years. The increases vary along the pay scale.
All teachers will also receive a one-off $1,000 cash bonus.
The Treasurer, John Lenders, has refused to reveal the total cost of the deal.
"It's an agreement that is broadly in accord with Government wages' policy," he said.
"It's broadly in accord with our wages policy and it's a good outcome for students, parents teachers and schools," he said.
The Opposition Leader, Ted Baillieu, says he hopes there is more money for schools in tomorrow's budget.
"Victoria has, for too long, not had education as its number one priority," he said.
"Teachers have been the poorest paid in the country and we have the lowest literacy standards still."
Next Article: Closing schools not money saving exercise: Govt
Previous article: Man guilty of murder of train passenger
Top Headlines
GuocoLeisure annual profit boosted
Tuesday September 2, 07:43 PM - NZPA
GuocoLeisure, formerly BIL International, saw its annual net profit more than quadruple to $US56.7 million ($NZ82. .. Read More
Marlin Global to sell shares in US company
Tuesday September 2, 07:17 PM - NZPA
International-focused investment fund Marlin Global is selling its stake into the takeover of an American pharmaceutical busi .. Read More
NZX signs deal to underwrite Besa capital raising.
Tuesday September 2, 06:55 PM - NZPA
Exchange operator NZX has signed a deal to underwrite the Bond Exchange of South Africa's (Besa) 80 million rand ($NZ15 m .. Read More
Calculators
Copyright © 2010 Yahoo! All rights reserved.
Yahoo!Xtra: A Yahoo!7/Telecom New Zealand Company.