$880,000 GOLDEN PARACHUTE FOR THE CITY MANAGER IN LAREDO, TEXAS
Double the earnings of the President of the United States ($400,000) and triple the earnings of four-star generals in the U.S. military ($268,000), Laredo’s City Manager made $880,000 in 2019.
Today, our investigation is an Editor's Pick at Forbes: The City Manager in Laredo, Texas Received An $880,000 Golden Parachute Last Year.
Laredo, Texas is a poor town. The average income in the border city is only $15,127 with household income of only $38,000 per year.
The city provided an official breakdown of the compensation and you won’t believe the cash they doled out.
We found severance pay, lump sum vacation and sick leave, regular hours, deferred compensation 457 employer-contribution, holiday pay, vehicle allowance, annual leave payment, cell phone allowance... and lifetime taxpayer-paid health insurance!
The city manager served in the position for only 20-months! Please read the piece, there's a lot more...
Read the piece at Forbes and find out how a city manager in Texas made $880,000 last year.