State Limits on Executive Compensation?

The New York Times reports that Governor Cuomo has proposed a number of budget saving measures to address his state’s fiscal crisis, including steps to improve monitoring and spending controls for nonprofit organizations that receive state funds.  One proposal would limit state reimbursement for executive salaries at state-subsidized nonprofit groups to $199,000.  As we all know, many hold the view that states, not the IRS, ought to be addressing executive compensation issues.