Update (11/4/11): The Times Union has a lengthy correction in today’s paper on its report on NYSUT raises, saying it “misstated pay increases for NYSUT officers.”
The salaries stated in the article, according to the correction, were set in June 2008, when Iannuzzi got a 11.2 percent increase when there was an increase in state education aid. The following two years, he received raises of 2.75 percent and 2.85 percent, according to the union. And for the current year, the correction states Iannuzzi had his salary frozen.
Raises for other union leaders were also misstated, and NYSUT’s staff is actually down from 2008-09, according to the correction.
Here’s the original post:
The Times Union of Albany has a great story today on double-digit raises handed out to top teachers union leaders, including a $44,808 hike that went to the union’s president, according to the union’s most recent tax returns.
New York State United Teachers President Richard Iannuzzi saw his salary jump to $240,180 from $195,372, according to the union’s 990 form filed with the IRS.
The raise came as public school districts shed 11,700 teachers through layoffs and attrition this year, according to the union.
From the story:
NYSUT President Richard Iannuzzi received a $44,808 raise, according to the most recent publicly filed tax returns from 2010. His base salary went to $240,180 from $195,372, a 23 percent increase. Iannuzzi’s total compensation, which includes health care, pension and other benefits, is listed at $345,987.
NYSUT spokesman Carl Korn questioned the newsworthiness of NYSUT raises and issued a one-sentence explanation about Iannuzzi’s compensation.
“That number contained in our tax return lumps together compensation such as salary, but also personal use of an automobile, pension obligations and other benefits whose costs had increased,” he wrote in an email.
The latest federal disclosures also indicate NYSUT is carrying a net debt of $117 million. The union grossed about $218 million in revenue, about half of which comes from members’ dues.
Here’s the tax return: