Florida State Board of Administration trustees will ultimately decide what to pay a new executive director, but interim director Bob Milligan had said back in December that anything less than $300,000 salary would not attract quality candidates. The trustees will discuss a job posting on Tuesday that lists the salary between $250,000 and $350,000.

By comparison, former director Coleman Stipanovich was a steal at $182,000.

Also, just finding good applicants is looking pretty pricey. Cabinet materials suggest that a thorough advertising posting national newspapers and financial press could cost as much as $49,000 ($37,000 would go for Wall Street Journal advertising). A special recruitment firm could cost as much as $111,000.

UPDATE!! The Trustees approved the salary and decided to hire a head-hunter with a 2-1 vote. Gov. Charlie Crist voted against the measure, calling it too expensive.