Here’s something to chew on the next time you pay your water and electric bills.
The board of CPS Energy gave CEO Paula Gold-Williams a $290,000 bonus this week. According to Zillow, the average price of a home in San Antonio is somewhere around $240,000.
With her bonus alone Ms. Gold-Williams could pay cash for a home and then some.
The generous bonus is in addition to her $445,000 base pay.
According to recent media reporting, with bonus and salary Ms. Gold-Williams will rake in at least $735,000 this year.
That’s a $30,000 increase in base-pay or 10.5% over last year.
Over at SAWS, the city’s water utility, CEO Robert Puente received a 5% pay increase to bring his total to more than $567,000
Mr. Puente will also receive a bonus of over $99,000 on top of his salary.
City Manager Sculley is set to receive pay increases of approximately $25,000 per year through 2018 which will shove her well over $500,000, plus benefits.
Additionally, there’s a report out today from the Office of Personnel Management which shows the average government employee salary in 2016 was $83,072 compared to the average private-sector salary of $48,098. Meaning people working for the government earn nearly twice as much as those working in the private sector.