THE BRONX - The United Federation of Teachers (UFT) has failed to strike a deal with the city over a new evaluation plan.

Mayor Michael Bloomberg says that the teachers union walked out on negotiations, and that its demands would keep the evaluations from working.

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By missing today's deadline to submit a plan to the state, city public schools may lose $250 million in state aid and an additional $200 million in grants.

To watch a news conference on the teacher evaluation plan, click on News 12 Extra on Optimum TV channel 612.