Mon, Jan 27, 2014
By Nate Monroe
Jacksonville Aviation Authority CEO Steve Grossman will take home a 3 percent pay raise this year.
The JAA board unanimously approved the raise Monday after board member A.L. Kelly said Grossman had reached annual performance benchmarks set last year.
His salary will increase from $288,400 to about $297,052. The increase is retroactive to the beginning of the fiscal year, which started Oct. 1. Grossman did not receive a bonus.
Last year, the board also approved a 3 percent raise for Grossman for outstanding work, though initially board members had decided against it because of the tough economic climate and the city’s financial struggles.
Among the recent accomplishments listed included the completion in June of KCI Aviation’s hangar at Cecil Airport, refinancing of $75 million in bonds that save the authority money each year, negotiating favorable agreements with the Jacksonville International Airport airlines.