Chicago Mayor Rahm Emanuel is establishing a $5 million fund to provide merit pay to reward Chicago’s top-performing public school principals. Mr. Emanuel, President Barack Obama’s former chief of staff, said four wealthy Chicago families are providing the money over five years. Principals could be eligible to earn annual bonuses of between $5,000 and $10,000.
A version of this article appeared in the August 24, 2011 edition of Education Week as Chicago Plans Principal Merit Pay
