Well, our governor is "fast-tracking" a bill he presented Friday to get voted on this Thursday called his Budget Repair Bill. It would repeal bargaining right too all public employees except police, fire, and state patrol. The only thing our teachers union could negotiate is salary, but not to exceed consumer inflation.
What we've done as a union is forgo many salary increases to protect our benefits. However, if this bill passes (which many think it will), I will be taking a take-home pay cut of about $7000+.
This past spring/summer, my wife and I committed to our HS building trades class for them to build our house this year. They build a house every year, but this is the first they've done a custom house FOR someone. I'm just sick trying to make sure we now can pay on our mortgage for this house we've committed to...back when things were what we thought were "normal".
My wife also teaches with me, so we'll probably be losing about $1000 total in take home pay a month (I carry the insurance, hence the bigger hit for me).
Any ideas what I can/should do? I'd gladly take a 5- to 10- year pay freeze, or some sort of ease into this than to take about a 20% hit in take-home pay all at once.
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