Golden Parachutes
What to Know: Katy ISD’s superintendent resigned in disgrace last year, but was given a golden parachute on his way out. His severance package, “including cash and benefits, totaled $955,795.72, according to TEA records.” That package was so big that it hurt the district financially.
The TPPF Take: It’s time to end the practice of giving golden parachutes to government employees.
“It’s inappropriate to give golden parachutes to government employees under any circumstance, but it’s especially true when scandal is involved,” says TPPF’s James Quintero. “Big changes are needed now. Texas’ severance payment problem cannot be allowed to continue.”