For euphoric New Yorkers still dazed and reeling in the post-election coverage, news of the city's financial woes -- and the Mayor's new capital plan, expected to be released today-- comes as a bracing wake-up call: Grim financial times lie ahead, with cuts across all city departments, including schools.

Preliminary reports that 425 Department of Education jobs will be cut do not, of course, detail which positions are on the chopping-block. Allusions to cutbacks in school administration don't say whether some of DOE's biggest earners -- named in a spiked storythat later posted online-- are vulnerable.

Watch the blog for education particulars when the Mayor's new proposals are made public.