NY proposes $199K salary cap for state contractors
ALBANY, N.Y. (AP) — New York has proposed regulations to limit spending by state contractors, including a $199,000 executive salary cap that can only be exceeded using money not from the state.
The proposals by 13 agencies cover contractors — many providing social services — that receive more than $500,000 in state support annually representing at least 30 percent of their total.
A contractor could pay executives more than $199,000 from other funds as long as salaries are below the top 25 percent in the field.
The proposals would require at least 75 percent of state-funded operating expenses to go to services rather than administrative costs.
That would rise to 85 percent in 2015. Capital expenses are excluded.
The regulations released Wednesday are subject to 45 days of public comment before taking effect.