The Detroit Public Schools district says it has reached an agreement in principle with its unions on a bonus program for employees tied to the district's financial performance.
The district's emergency manager Roy Roberts on Friday announced the agreement, which covers the district's 2011-12 and 2012-13 fiscal years. Roberts says the program will provide for a bonus to employees if the district's general fund financial performance meets pre-determined targets.
The program calls for a 1 percent bonus for each $5 million of general fund operating surplus at the end of the fiscal years. The maximum is 5 percent.
Roberts predicts there will be a budget surplus of about $11.9 million for the 2011-2012 fiscal year.
Earlier this year, Roberts angered unions by imposing a contract on the district's teachers.
IMAGES: DPS announces bonus plan
The Detroit Public Schools district says it has reached an agreement in principle with its unions on a bonus program for employees tied to the district's financial performance.
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