The Distressed Unit Appeals Board has approved a $100,000 incentive to MGT Consulting for meeting benchmarks relating to graduation rates in the Gary Community School Corp.Â
The bonus, approved on Wednesday, is part of the 2-year, $7.8 million contract DUAB has with the for-profit management firm based in Tampa, Florida.Â
As part of the agreement, MGT is receiving the payment for achieving at least an 82% high school graduation rate during the 2022-23 school year.Â
In total, the contract includes $2.3 million in incentive payments based mostly on meeting academic achievements. Â
DUAB, which oversees state control of Gary schools, has contracted MGT through a subsidiary — Gary Schools Recovery LLC — since the takeover in 2017.
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Last year, the General Assembly passed legislation establishing a five-member, appointed school board to soon replace DUAB as Gary schools' governing body.
The school board, which began meeting in September, is currently searching for the district's next superintendent and is expected to take control in July.
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Mayor Thomas McDermott Jr. delivers his 20th State of the City address Wednesday at the Dynasty Banquet Center.
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Sharon Daniels confers with Mayor Thomas McDermott Jr. before he delivers his 20th State of the City address Wednesday at the Dynasty Banquet Center.
Mayor Thomas McDermott Jr. delivers his City address Wednesday at the Dynasty Banquet Center in Hammond.
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