Senate Bill 718, titled Revise Principal Compensation, would make adjustments to the principal salary schedule.
The bill would accomplish the following:
- Maintain principals’ current salary schedule for the 2018 school year.
- For 2019, a principal would receive a salary according to the salary schedule enacted in the 2018-19 budget.
- The school growth scores from the 2017-2018 school year would become effective January 1, 2019 and would affect a principal’s compensation.
- For 2019, 2020, and 2021, principals would be eligible to receive the “exceeded growth” column of pay if they exceeded growth or work in a low-performing school.
2018-2019 Principal Bonus Schedule
| Statewide Growth Percentage | Bonus |
| Top 5% | $6,000 |
| Top 10% | $5,000 |
| Top 15% | $4,000 |
| Top 20% | $3,000 |
| Top 50% | $2,000 |