New Jersey state comptroller Matthew Boxer
The compensation paid to New Jersey’s community college presidents varies greatly from one institution to the next, with several colleges paying their president more than $300,000 a year, according to a report released today by the Office of the State Comptroller (OSC).
Analyzing data from 2010, the OSC report found that community colleges padded their president’s compensation with perks such as housing allowances that reached as high as $3,500 a month and annual retirement contributions that in one case were more than 14 times the amount required by state statute.
The OSC report also found substantial disparity in the amount of additional expenses community college presidents charged to their school. Those expenses ranged from $648 paid by Sussex County Community College to $45,415 paid by Brookdale Community College. In addition to Brookdale, three other community colleges paid more than $20,000 to cover the costs of a variety of expenses that included perks such as country club memberships, airfare for spouses to travel to conventions and credit card purchases for $100-per-person meals.
Among the recommendations made in the report, OSC calls for the state to establish guidelines for the compensation of community college presidents, particularly for items such as housing allowances, performance bonuses and college-funded retirement benefits.