But Cavazos’ salary looks far more modest in publicly posted records that are supposed to provide transparency to taxpayers. That’s because Valere excludes most of his bonuses from its reports to the state and on its own website, instead only sharing his base pay of about $300,000.

Texas lawmakers have filed legislation that would cap public school superintendents’ annual salaries, but most bills would not restrict bonuses. Those bills also don’t apply to private schools that stand to receive an influx of taxpayer dollars if lawmakers pass legislation this session approving education savings accounts, a type of voucher program. Private schools wouldn’t be subject to the same level of state oversight as public schools.