wtf

Jun. 14th, 2009 01:03 am
joiseyguy: (wtf)
[personal profile] joiseyguy
Housing assistance to someone who makes $250K???

Irving could spend more than $440,000 on City Manager Tommy Gonzalez's salary and benefits in the next year, according to a Dallas Morning News analysis of his existing contract, new amendments and city documents. That excludes a $150,000 loan Gonzalez will receive this year. Here's a look at the costs of some payments and benefits the city will provide:


$246, 384
Base salary

$52,500
Retainage fee scheduled to be paid in May


$52,000
Estimated contribution to deferred compensation and retirement accounts

$41,210
Maximum annual housing assistance/annual retention grant


$16,100
Texas Municipal Retirement System

$10,923
Medical insurance premiums

Date: 2009-06-14 06:52 pm (UTC)
From: [identity profile] jimbotomy.livejournal.com
I bet there is some tax advantage to structuring the salary that way. I think it's usually something that employers give when they relocate people or hire someone who doesn't live in the area.

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