In my opinion, the salaries of the mayor and councilors are reasonable. It takes a lot of talent to govern a city of over 1 million people and if one pays an idiot’s salary, one gets an idiot worker.
I do not envy the work of an elected representative at this level. The work is hard, complex and entails long hours. Would any private sector company consider paying its CEO less than $200,000 t0 manage a multi-billion budget?