January 25, 2012 - 6:00pm
Prompted by reports of highly paid executives at some community-based care organizations, a Senate committee on Thursday passed a proposal to cap salaries for such executives to no higher than the state's highest paid elected official.
By a 4-0 vote, the Senate Commerce and Tourism Committee approved a measure, SB 596, that would cap salaries of nonprofit executives at $129,972 if the group receives more than two-thirds of its funding from the state. The bill passed despite concerns from some members that the caps could hurt other executives not targeted by the bill.
