The board voted to give Lopano a 5 percent merit raise at Thursday's monthly meeting. Lopano's annual salary will become $330,750 on Oct. 1.
"In light of Joe's stellar performance I have recommended to the board that Joe's salary be approved," said board chairman Robert Watkins.
Lopano has now had his pay bumped up and his contract renegotiated three times in the past 20 months.
All of the board members gave Lopano outstanding marks in his annual performance evaluations, giving him an average score of 4.85, with 5 being the highest score possible. But Hillsborough County Commissioner Victor Crist told Lopano that his next evaluation will depend on how well the CEO executes Tampa International's $2.5 billion master plan. The first phase of construction, set for completion in 2017, would build a rental car facility and a tram leading to the main terminal. That would set the stage for the terminal itself to be expanded sometime after 2020.
"It's fish or cut bait time," Crist said. "The low hanging fruit is gone."