The city and the teachers union late Wednesday nearly finalized a deal on a new contract, which sources said would extend past Mayor Bill de Blasio’s current term in office.
Once the deal is done, United Federation of Teachers members are in line for retroactive paychecks going back to 2009, when their last contract expired, sources said.
They will get the equivalent of 4 percent retroactive hikes for each of the first two years — part of 2009 and 2010.
From 2011 to 2018, they will receive a total pay raise of up to 10 percent. By 2018, teacher pay will be about 18 percent higher than it was in 2009.
Sources cautioned that nothing had been finalized. It was also not clear how much the pay hikes would cost taxpayers.
Despite the uncertainty, de Blasio suggested that little daylight remained between the two sides, as evidenced by him calling off a highly anticipated Thursday announcement of his affordable-housing plan.
Administration sources said the postponement was connected to the mayor’s continuation of labor talks with the UFT.
His schedule for Thursday was not made public as of late Wednesday — a departure from typical protocol.
The teachers union has been working without a contract longer than nearly every other municipal union.
Among the largest issues complicating the deal are givebacks sought by the administration on health care costs.
Without concessions, open municipal labor contracts could cost the city as much as $7 billion, according to several estimates.
“We can’t get where we need to go without cost savings,” de Blasio said last month.
City and union officials declined to comment on the deal.
But it was being closely watched because it will almost inevitably set the pattern of raises and concessions followed by nearly all other unions working now without a contract.
The teachers contract comes with additional headaches — including renewed questions over how to evaluate teachers in the wake of the bumpy rollout of Common Core standards.
The two sides have also had to contend with what to do with teachers shed from shrinking or closing schools.
The current system keeping them as roving substitutes, with a tab of roughly $100 million per year, had been maligned by both sides.
Among the other issues, schools Chancellor Carmen Fariña has been seeking ways to add to the school day — by maximizing instructional time rather than lengthening it, according to sources.