Imagine you’ve got your eye on a new car, or you’re buying a TV, or you’re checking out college tuitions. You’d probably do some research to make sure you’re getting your money’s worth, right? With a Google search or a quick scan through Consumer Reports, it’s a breeze to investigate your investment.
HUD thinks it should be just as easy to make sure you’re getting your money’s worth when it comes to your tax dollars.
To that end, HUD’s Office of Public and Indian Housing has announced that beginning next month, it will require that public housing authorities disclose the salaries of their five highest-paid employees. HUD will soon make this information available online so that you, the taxpayer, can see the salaries of the public servants running your local housing authority and how their compensation compares to housing authority staff across the country.
And as an added safeguard to ensure public housing authorities are being smart when it comes to executive directors’ salaries, HUD is requiring the authorities to conduct comparability studies – to make sure these directors’ salaries are consistent with, for example, what other executives at similarly sized housing authorities across the country are earning.
The Obama Administration has made it clear: You deserve a transparent, accountable government. Running a public housing authority isn’t easy work, but you have a right to know whether your local housing authority officials are compensated appropriately.
To read the full HUD public notice on PHA executive compensation, click here.