Chicago Public Schools will offer merit pay to principals who perform well on a new set of evaluative metrics that may include student growth on test scores, the school climate and leadership skills, Mayor Rahm Emanuel said Monday.
The performance rewards will be paid for over the next four years by a new $5 million fund created through charitable donations, Emanuel said. The district plans to create a similar incentive program for teachers, he said.
CPS CEO Jean-Claude Brizard said the bonuses will range from about $5,000 to $10,000 per principal.