TRENTON — Gov. Chris Christie today made good on his plans to introduce rules limiting how much school superintendents are paid — an action that would shave $9.8 million off the salaries from about 360 school executives when their contracts expire.
Under the plan, superintendents would earn no more than $125,000 in districts with no more than 250 students. Salaries would increase incrementally, based on district size, to a pay limit of $175,000 in a district with 6,501 to 10,000 students. The state education commissioner could allow a higher salary in districts with more than 10,000 students.A recent Star-Ledger review found 235 school administrators earned more than $175,000 in the 2008-09 school year.
No wonder Wall Street LOVES the charter movement.[...]The rules would not apply to charter school superintendents or executives who run private schools for disabled students funded by public dollars.
I wonder what the superintendent of the new Haliburton/Facebook Charter School will make?