Subscriber Special: Golden Handshake to IL Public School Superintendent 92_superintendent

October 4, 2018 01:00 PM
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"Dollars must start following the child, not the bureaucracy."
 
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You can't educate kids in the classroom when you're funding an expensive education bureaucracy.
 
Our auditors found 30,000 educators in Illinois pulling down more than $100,000 each in 2017, costing taxpayers $3.7 billion annually. Just 18,000 of these employees are currently working while the other 12,000 are retired, collecting six-figure pensions.
 
Some of the worst performing school districts award the largest salaries, but it hasn't helped students scores.
 
For example, Calumet CSD 155 Superintendent Troy Paraday made $407,145 last year managing a district with just 1,100 students and 79 teachers. Nearly 70 percent of students at Calumet are from low-income homes and just 16 percent of students are considered ready for the next level.
 
 
Paraday's five-year contract will cost taxpayers $3 million. Review our worksheet of cash compensation and benefits here.
 
When Paraday retires next month, he will cash in 567 days of unused vacation, sick time, and personal days for a $762,000 payout. It's a nice Halloween treat funded by taxpayers.
 
The bloated Illinois education bureaucracy rewards those who know how to play the pay-and-pension lottery. It's time the dollars start following the children rather than the bureaucracy.
 
Remember, It's Your Money! Join the Transparency Revolution.
 
 
 
 
Jessie Fox
Communications Specialist
 
Adam Andrzejewski (say: Angie-eff-ski)
CEO & Founder, OpenTheBooks.com
 
Matthew Tyrmand
Deputy Director at Large
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