July 28, 2010
Several states are looking for ways to curb salaries for top executives at nonprofit organizations that receive government aid, writes The New York Times.
New Jersey’s recently passed budget includes a provision limiting pay for chief executives at charities the state hires to provide social services, part of a larger effort by Gov. Chris Christie to cut state salary costs.
Vermont legislators are seeking ways to limit pay at large nonprofit groups with state contracts, and New Hampshire’s attorney general is investigating compensation for nonprofit hospitals’ chiefs.
Federal lawmakers are also exploring the issue, with Sen. Charles Grassley, Republican of Iowa, asking the Treasury Department to review regulations governing executive pay at tax-exempt organizations.
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Source: The Chronicle of Philanthropy, July 27, 2010
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