New District 51 chief to make $150,000 a year
Steve Schultz will make $150,000 during his first year and receive a 3.6 percent increase each year thereafter when he becomes School District 51 superintendent July 1.
Schultz, who makes $127,413 as assistant superintendent, signed a three-year contract with the district Wednesday morning.
Outgoing Superintendent Tim Mills made $150,000 the year he signed his first superintendent’s contract with the district in 2003. Mills’ most recent contract, a four-year agreement signed one year ago, carried a base salary of $175,000. Mills will make $175,000 a year when he becomes the superintendent of North Clackamas School District in Milwaukie, Ore., on July 1.
Schultz’s contract mirrors Mills’ in that he will receive 25 paid vacation days, a $700 monthly vehicle allowance, and $15,000 a year will be set aside in his retirement plan. As with his salary, Schultz’s retirement plan contribution will increase by 3.6 percent year-over-year.
Pieces of Mills’ contract not included in Schultz’s include a one-time $15,000 bonus and the potential for performance incentive pay.
Schultz will have to obtain a license to serve as a superintendent in Colorado within the next year, per his contract.