|A California school superintendent will retire from his job Wednesday and get rehired the same day for significantly lower pay. (REUTERS FILE)
A California school superintendent will retire from his job Wednesday and get rehired the same day for significantly lower pay.
But the hit to his paycheque was his decision.
Larry Powell told ABC News he is taking a pay cut for the remainder of his four-year term -- from $250,000 US annually to just $31,020 -- which will add more than $800,000 in the budget for county schools for the next three years.
"My wife and I are very well compensated. We've been very blessed," he told the television station.
"These are tight budget times in California for public schools," the 63-year-old Fresno County school superintendent said, noting over the past three years, his area has lost $1,600 to $1,900 in funding per student. "My wife and I thought, what can we do that might help change the dynamic in my particular area."
California Taxpayers Association spokesman David Kline said officials hope Powell's decision will inspire others to find ways to reduce education costs without affecting students.