The story:
"As nearly 5,000 city teachers face the ax, their union shells out millions of dollars on feasting, boozing and partying, the Daily News has learned.
Free-spending United Federation of Teachers brass last year spent nearly $1.4 million for the UFT's 50th anniversary gala at the Hilton - complete with a movie, a book and a paperweight.
Records show they:
Ponied up $514,000 to 16 separate caterers.
Dropped $278,417 on the annual Teachers Union Day ceremony at the Waldorf-Astoria.
Bought $6,100 in gift baskets from a lower East Side candy store - and plowed $179,000 into training retreats at a Connecticut resort boasting golf, scuba diving and aqua aerobics.
In one amazing feat of spending, they shelled out $114,870 for annual "coffee supplies" at their five offices across the city - paying the Coffee Distributing Corp. on Long Island $324,000 over three years, records show.
And while most New Yorkers spend hours trying to find a parking space, the UFT rents 25 slots in Brooklyn's Renaissance Plaza Garage for members at an average annual cost of $75,000 over three years.
"I'm not going to apologize for spending money to service our members," said UFT President Michael Mulgrew."
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