Thursday, June 17, 2010

Where do our education tax dollars go?

I have always been suspicious that as we pay more and more for education, but have been getting the same or worse results, that the money had to be sucked up by someone. Well, in this case, its administration. As Michael Barone points out:

Via Tom Elia of the New Editor, here’s a list of the top 100 pensions of Illinois school administrators. The valuations represent the worth of the pension assuming the beneficiary retired at age 56 with a life expectancy of another 29 years. The average value of these pensions is $8.879,257.90. The number one pension goes to Neil C. Codell of Niles Township Community High School District (a suburban area just north of Chicago and just west of the lakefront). Mr. Codell’s salary is $885,327 and his estimated first-year pension is $601,978. The pension is valued at $26,661,604.
Wow. What a nice gig, if you can get it. Retire at 56 with $600K a year.

Read more at the Washington Examiner:


Anonymous said...

If you really care about education, talk to a teacher about the 'no child left behind' boondoggle, from Bush, that dumbed down our entire system, so schools can no longer teach to our best and brightest, and help our future, but have to 'teach for the test' so they can get tax dollars, and push the lowest acheivers on for another year, while the bright students die on the vine. Of all Bush's programs, this may be the WORST of the bunch, from this dunce, which is saying a lot.

Steve said...

I'm married to a teacher. I did not support NCLB.