New York City Office of Management and Budget

Office of Management and Budget
Agency overview
Jurisdiction New York City
Headquarters 255 Greenwich St.,
New York, NY 10007
Employees 350
Agency executive
  • Melanie Hartzog, Budget Director
Website nyc.gov/omb

The New York City Office of Management and Budget (OMB or New York City Mayor's Office of Management and Budget) is the New York City government's chief financial agency, organized as part of the New York City Mayor's office. OMB staff, under the direction of the Mayor and the Budget Director, assemble and oversee the expense capital budgets for the city. The City of New York funds the activities of approximately 70 agencies with more than 300,000 full-time and full-time equivalent employees, for a Fiscal Year 2018 total of $86 billion.[1]

OMB evaluates the cost-effectiveness of city services and proposals, both from the agencies and New York City Council. OMB employs economists to provide forecasts on city, state, nation, and world economies. OMB also manages the city's capital financing programs through the issuing of bonds, and conducts legal reviews of capital projects financed with bond proceeds.[1]

OMB is the nation’s fourth-largest taxing authority,[2] as New York City has the largest municipal budget in the United States at $86 billion a year.[3] The city employs 325,000 people, spends about $21 billion to educate more than 1.1 million students (the largest public school system in the United States), levies $27 billion in taxes, and receives $14 billion from the state and federal governments.

Budget director

The agency is headed by a commissioner-level appointment, known as the Budget Director, responsible for drafting the city's budget, turning the Mayor's policy goals into a fiscally-balanced budget.[4][1] The Budget Director also serves ex officio on various boards, including the New York City Municipal Water Authority, which issues bonds for the capital plan of the NYC Department of Environmental Protection,[5] the New York City Transitional Finance Authority, and TSASC, Inc., a local development corporation whose debt is secured by tobacco settlement revenues.[6] Both issue bonds to finance the city’s capital plan.[7] The current Budget Director is Melanie Hartzog.[8]

Past budget directors

Notable former employees

References

  1. 1 2 3 "About OMB".
  2. 1 2 "Carol O'Cleireacain". Retrieved January 4, 2018.
  3. ↑ OMB (July 27, 2017). "The City of New York Adopted Budget: Expense, Revenue, Contract" (PDF).
  4. 1 2 3 4 "New Budget Director Named, Giuliani's Third in Two Years". The New York Times. November 30, 1995. Retrieved January 4, 2018.
  5. ↑ "New York City Municipal Water Finance Authority Governance".
  6. ↑ "Board of Directors and Officers - TSASC". www1.nyc.gov. Retrieved January 4, 2018.
  7. 1 2 "Mark N. Page - NYC Health + Hospitals". www.nychealthandhospitals.org. Retrieved January 4, 2018.
  8. 1 2 "De Blasio Names New Budget Director". Retrieved January 4, 2018.
  9. ↑ Carroll, Maurice (November 10, 1971). "City's New Deputy Mayor Edward Kalli Hamilton". The New York Times.
  10. ↑ Cannato, Vincent (July 21, 2009). "The Ungovernable City". Basic Books. Retrieved January 4, 2018 – via Google Books.
  11. 1 2 "NEW BUDGET DIRECTOR IN DEBUT PERFORMANCE". The New York Times. January 16, 1982. Retrieved January 4, 2018.
  12. 1 2 Levine, Robert (December 9, 1988). "Deputy Mayor for Finance To Leave New York City Job". The New York Times.
  13. 1 2 "BUDGET DIRECTOR OF NEW YORK CITY IS FORCED TO QUIT". The New York Times. August 20, 1993. Retrieved January 4, 2018.
  14. ↑ "Detroit's deputy mayor stepping down". Retrieved January 4, 2018.
  15. ↑ "Giuliani Names Albany Adviser As Budget Chief". The New York Times. December 9, 1993. Retrieved January 4, 2018.
  16. ↑ "Governor Cuomo Announces the Launch of Start-Up NY Approval Board". September 28, 2014. Retrieved January 4, 2018.
  17. 1 2 "Budget Chief For Giuliani Joins M.T.A." The New York Times. November 28, 1995. Retrieved January 4, 2018.
  18. ↑ "Marc V. Shaw – The City University of New York". www2.cuny.edu. Retrieved January 4, 2018.
  19. ↑ "Governor Cuomo Announces Appointment of Joseph Lhota as Chairman of MTA". June 21, 2017. Retrieved January 4, 2018.
  20. ↑ "Candidate Profile: Mark Page - Control Board Watch". August 5, 2016. Retrieved January 4, 2018.
  21. ↑ "Mark Page: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved January 4, 2018.
  22. ↑ "Bill de Basio Appoints Dean Fuleihan Budget Director". December 18, 2013. Retrieved January 4, 2018.

See also

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