Gov. Chris Christie is calling the ratification of a new teacher's contract in Newark the most gratifying day of his governorship to date.

Governor's Office/Tim Larsen

Christie was joined by education and union officials at the Speedway School in Newark Friday to tout the contract as an innovative private-public partnership for the ailing district. He says it should become a model for transforming public education across the country.

New Jersey Education Commissioner Chris Cerf calls the contract `revolutionary' and the first of its kind to offer teachers pay bonuses based on performance and allow them to review one another.

The performance pay is funded primarily through a $100 million grant from Facebook Founder Mark Zuckerberg.

Newark teachers ratified the tentative agreement earlier this week after working without a contract since 2010.

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