Steinhauer's yearly salary increased from $146,300 to $151,420, retroactive to July 1, district spokeswoman Cissy Bowman said. The board on Monday also approved increasing his vacation days from 20 to 25, and agreed that he could be paid for up to 15 vacation days if they went unused at the end of each year.
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- www.pittsburghlive.com/x/pittsburghtrib/news/pittsburgh/s_752027.html (Pittsburgh Tribune-Review)
This is absolutely ridiculous.
ReplyDeleteThe School District estimated Earned Income Tax (EIT) revenue in the community would grow 2.999999% in FY 11-12 over the 10-11 budget. Considering this, 3.5% would be an above average increase for our Community.
This would not phase me much -- if it were not for the additional vacation.
The vacation add-on is the truly offensive part. It is nothing more than a workaround to award more cash.
An additional week of pay is worth $2,911.92 or an additional 1.92% of salary.
This makes the superintendent's annual increase 5.42%.
Thinking about it - the School District specializes in workarounds.
CORRECTION
ReplyDeleteThe referenced 2.999999% increase for the FY 11-12 budget was in comparison to the "estimated actual" for FY 10-11 (not the 10-11 budget).
Sorry ... for the mistake