NY Gov. Andrew Cuomo Proposes $199k Cap on Non-Profit Executive Pay
New York Gov. Andrew Cuomo proposed a $132 billion state budget, and one of the provisions mapped out a $199,000 salary cap of taxpayer money for executives of state non-profit organizations, including hospitals, according to a New York Post report.Additionally, all non-profits would have to use at least 85 percent of every public dollar to provide services instead of administration costs, which include compensation and profit.
Other pieces of Gov. Cuomo's budget proposal include the state taking over any increases in local Medicaid costs and gradually introducing managed care for Medicaid instead of fee-for-service.
Related Articles on New York Hospital Executive Compensation:
Staten Island University Hospital CEO's Pay Tops $1M, Earns Task Force Scrutiny
Four New York Non-Profit CEOs Received $1M-Plus Bonuses in 2010
New York Gov. Cuomo Orders Review of Executive Compensation at Taxpayer-Supported Non-Profits
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