Indianapolis Public Education Corporation to pay executive director $285,000 salary

The Indianapolis Public Education Corporation (IPEC) has agreed to pay its executive director, Karega Rausch, a salary of $285,000. Rausch was appointed in July and is set to begin his role on September 17th. The decision was made unanimously by the IPEC board members.

Rausch brings a background in charter schools, which is common among the majority of IPEC board members. However, the IPEC board has also appointed Andrew Strope as its executive vice president. Strope, who spent the last four years as the deputy superintendent of Indianapolis Public Schools, will likely earn a salary in the $250,000 range, starting between August 26th and September 1st.

Both Rausch and Strope will work with the IPEC board as they develop plans for accountability systems, transportation, and buildings for IPS and city charter schools, as mandated by a state law enacted this year. IPEC is responsible for putting a property tax referendum on the November ballot to provide revenue for both IPS and charter schools, as well as creating its own budget.

IPEC will be responsible for funding an executive director, staff, and consultants through property tax revenues used for operating expenses at IPS and participating charter schools. The details of Rausch's compensation package, such as vehicle use, specific holidays, and incentive bonuses, are yet to be determined by the board.