Proposed funding cuts could lead to 15,000 lost jobs in New York City schools

New York City Schools Chancellor Joel Klein is telling state lawmakers that he may have to slash as many as 15,000 jobs--mostly teachers--in the next year because of budget cuts. Klein says a proposed $700 million cut in state aid plus a $500 million cut in city funding leave few options but to cut jobs, increase class sizes and reduce programs.To read The New York Daily News article, click here. RELATED: Klein asks legislators for greater flexibility in how the city and its 1,499 schools can spend court-ordered funding. To read The New York Times article, click here.