wheeling and dealing

In new arrangement, teachers' pensions to fund infrastructure

President Bill Clinton was joined by AFT President Randi Weingarten (behind him) and other union and city officials today to announce a $1 billion investment of the city's teacher pension fund into Hurricane Sandy recovery projects.

One billion dollars of the city’s teacher pension fund will be used to finance construction and repair projects for city roads, bridges, and homes, President Bill Clinton and other officials announced Thursday.

Clinton joined UFT President Michael Mulgrew, AFT President Randi Weingarten, City Comptroller John Liu, and U.S. Secretary of Housing and Urban Development Shaun Donovan to announce the pledge, which Clinton called “a remarkable commitment” to “properly rebuild in the aftermath of Sandy.”

“This storm exposed weaknesses in our infrastructure that must not only be repaired, but we must rebuild in a different way,” said Donovan, who is now in charge of federal Sandy recovery efforts.

This will be the first time the city’s teacher pension funds are used for infrastructure projects, Liu said, even though the idea has been around for years.

“There’s always been apprehension about, is it going to work, is it potentially a vicious circle? So what I’ve seen is everybody is waiting for somebody else to do it, and therefore nobody does it. I’m very proud that, in this case, New York City is taking the lead,” Liu said after the announcement.

Until now, funds in the Teachers’ Retirement System have all been invested more traditionally, in stocks and bonds and other financial products. Under the new arrangement, the pension fund’s investment will support the construction of projects such as bridges or housing complexes that generate revenue, through tolls and rent or mortgage in those cases. Those revenue streams will return funds to the pension system over time.

Liu wouldn’t predict the rate of return, but he said he was confident that the investments would “earn good returns” and said that each project would be evaluated individually. The California State Teachers’ Retirement System has done something similar in the past two years, pledging to invest $750 million in infrastructure projects — though that’s less than one half of 1 percent of its total $152.5 billion. Weingarten said today that California is starting to see “real returns” from those investments.

Liu said no decisions have been made about which projects would be funded. But Clinton pointed to his foundation’s work to rebuild storm-safe and eco-friendly buildings in New Orleans after Hurricane Katrina as an example of the possibilities.

The improvements likely will not include the construction of new schools, since the focus so far has been on projects that will generate revenue, Liu added. All but six of the dozens of school buildings that were damaged by the storm have since reopened.

The pledge, which the city Teachers Retirement System agreed to last week, is part of a larger project of the Clinton Global Initiative to encourage the use of pension funds for infrastructure investments, which began in 2011. The $1 billion amounts to just over 2 percent of the $46 billion Teacher Pension Fund.

Clinton clearly shared the enthusiasm of the other officials, who were effusive in their praise for each other’s work. After everyone else had spoken, he could not resist going up to the microphone one last time.

“I think it’s great that teachers are leading the way here,” Clinton said.

Weekend Reads

Need classroom decor inspiration? These educators have got you covered.

This school year, students will spend about 1,000 hours in school —making their classrooms a huge part of their learning experience.

We’re recognizing educators who’ve poured on the pizazz to make students feel welcome. From a 9th-grade “forensics lab” decked out in caution tape to a classroom stage complete with lights to get first graders pumped about public speaking, these crafty teachers have gone above and beyond to create great spaces.

Got a classroom of your own to show off? Know someone that should be on this list? Let us know!

Jaclyn Flores, First Grade Dual Language, Rochester, New York
“Having a classroom that is bright, cheerful, organized and inviting allows my students to feel pride in their classroom as well as feel welcome. My students look forward to standing on the stage to share or sitting on special chairs to dive into their learning. This space is a safe place for my students and we take pride in what it has become.”

Jasmine, Pre-K, Las Vegas, Nevada
“My classroom environment helps my students because providing calming colors and a home-like space makes them feel more comfortable in the classroom and ready to learn as first-time students!”

 

Oneika Osborne, 10th Grade Reading, Miami Southridge Senior High School, Miami, Florida
“My classroom environment invites all of my students to constantly be in a state of celebration and self-empowerment at all points of the learning process. With inspirational quotes, culturally relevant images, and an explosion of color, my classroom sets the tone for the day every single day as soon as we walk in. It is one of optimism, power, and of course glitter.”

Kristen Poindexter, Kindergarten, Spring Mill Elementary School, Indianapolis, Indiana
“I try very hard to make my classroom a place where memorable experiences happen. I use songs, finger plays, movement, and interactive activities to help cement concepts in their minds. It makes my teacher heart so happy when past students walk by my classroom and start their sentence with, “Remember when we…?”. We recently transformed our classroom into a Mad Science Lab where we investigated more about our 5 Senses.”

 

Brittany, 9th Grade Biology, Dallas, Texas
“I love my classroom environment because I teach Biology, it’s easy to relate every topic back to Forensics and real-life investigations! Mystery always gets the students going!”

 

Ms. Heaton, First Grade, Westampton, New Jersey
“As an educator, it is my goal to create a classroom environment that is positive and welcoming for students. I wanted to create a learning environment where students feel comfortable and in return stimulates student learning. A classroom is a second home for students so I wanted to ensure that the space was bright, friendly, and organized for the students to be able to use each and every day.”

D’Essence Grant, 8th Grade ELA, KIPP Houston, Houston, Texas
“Intentionally decorating my classroom was my first act of showing my students I care about them. I pride myself on building relationships with my students and them knowing I care about them inside and outside of the classroom. Taking the time to make the classroom meaningful and creative as well building a safe place for our community helps establish an effective classroom setting.”

 

Jayme Wiertzema, Elementary Art, Worthington, Minnesota
“I’m looking forward to having a CLASSROOM this year. The past two years I have taught from a cart and this year my amazing school district allowed me to have a classroom in our school that is busting at the seams! I’m so excited to use my classroom environment to inspire creativity in my students, get to know them and learn from their amazing imaginations in art class!”

 

Melissa Vecchio, 4th Grade, Queens, New York
“Since so much of a student’s time is spent inside their classroom, the environment should be neat, organized, easy to move around in but most of all positive. I love to use a theme to reinforce great behavior. I always give the students a choice in helping to design bulletin boards and desk arrangements. When they are involved they take pride in the classroom, and enjoy being there.”

moving forward

After Confederate flag dispute at Colorado football game, schools pledge to bring students together

PHOTO: Marc Piscotty
Manual High students.

Acknowledging “we may never have a conclusive picture of what happened,” two Colorado school districts sought to move past a controversy over whether a Confederate flag was displayed at a football game and open a conversation between the two school communities.

The principal of Manual High, Nick Dawkins, wrote in a community letter over the weekend that the visiting Weld Central High School team “displayed a Confederate flag during the first quarter of the (Friday night) game, offending many members of the Manual community.”

Officials from Denver Public Schools and Weld County School District Re-3J released a joint letter Tuesday saying that based “on what we have learned to date, however, the Weld Central team did not display the Confederate flag.” At the same time, it said, multiple Manual eyewitnesses “reported seeing spectators who attempted to bring a Confederate flag into the game and clothing with flag images.”

Going forward, students from the two schools — one rural and one urban — will participate in a student leadership exchange that has student leaders visit each other’s schools and communities to “share ideas and perspectives,” the letter says.

“At a time in our country when so many are divided, we want our students instead to come together, share ideas and learn together,” says the letter, which is signed by the principals of both schools and the superintendents of both school districts.

The alleged incident took place at a time when issues of race, social injustice, politics and sports are colliding in the United States, making for tough conversations, including in classrooms.

Weld Central’s mascot is a Rebel. Manual, whose mascot is the Thunderbolts, is located in one of Denver’s historically African-American neighborhoods.

Dawkins in his initial community letter also said “the tension created by the flag led to conflict on and off the playing field,” and that three Manual players were injured, including one who went to the hospital with a leg injury. He also said some Manual players reported that Weld Central players “taunted them with racial slurs.”

Weld Central officials vehemently denied that their team displayed the flag. In addition, they said in their own community letter they had “no evidence at this point that any of our student athletes displayed racially motivated inappropriate behavior.”

They said district officials “do not condone any form of racism,” including the Confederate flag.

Weld Central fans told the Greeley Tribune that they didn’t see any Confederate flag.

Read the full text below.