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NYC, union miss deadline for teacher evaluation plan; city stands to lose $450M in state aid

A deadline has passed for New York City and a union representing the city's 75,000 teachers to agree on a teacher evaluation plan, putting the city at risk of losing up to $450 million in state aid and grants.

Gov. Andrew Cuomo insisted a midnight Thursday deadline for a plan — required from each of the state's nearly 700 school districts — was firm.

Mayor Michael Bloomberg says the union "unilaterally walked away" from negotiations early Thursday, while United Federation of Teachers President Michael Mulgrew blames Bloomberg for the impasse.

The city stands to lose $250 million in state aid and $200 million in grants. That's a small percentage of the city Department of Education's $19.7 billion operating budget, but the loss would be felt.