LOS ANGELES — Phil Washington, the incoming chief executive of the Los Angeles County Metropolitan Transportation Authority (Metro), will make nearly $350,000 a year in salary and stipends, an increase of $20,000 over his predecessor's earnings, the Los Angeles Times reported.

RELATED: L.A. Metro taps Denver transit chief to lead agency

Washington, who most recently led Denver's Regional Transportation District, signed a four-year contract with the agency, which is in the middle of a multibillion-dollar rail-building boom, according to the report.

Metro will pay all the costs associated with selling Washington's home in Aurora, Colo., as well as pay the costs associated with buying a home in Southern California, according to the Times report. For the full story, click here.

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