School forum puts financial crisis at forefront
Original post made on Feb 1, 2009
Read the full story here Web Link posted Friday, October 3, 2008, 12:00 AM
on Feb 1, 2009 at 11:19 pm
Superintendent Dr. John Casey is employed under a contract which ends June 30, 2010. His annual salary is $227,002, with a 12-month work calendar and 24 days of vacation. Medical and other health insurance may be purchased at his sole expense, and the District contributes $5,000 annually for life insurance premiums. At the completion of each year of the contract where he has worked at least 85% of the days, he receives a payment of $10,000 into a tax-sheltered annuity. He receives $1,000 per month as a transportation allowance and membership in professional organizations as appropriate and necessary. When Dr. Casey moved to Pleasanton, he received a $200,000 loan to help purchase a home in the community. This loan is interest free and must be repaid within 18 months of the termination of his employment. There is no provision or expectation that the loan would be "forgiven." The current balance of this loan is $190,000.