There shall be a financial restructuring board for local governments which shall consist of ten members: the director of the budget who shall be chair of the board, the attorney general, the state comptroller, and the secretary of state, each of whom may designate a representative to attend sessions of the board on his or her behalf, and six members appointed by the governor, one of whom upon the recommendation of the temporary president of the senate, one of whom upon the recommendation of the speaker of the assembly, and four other members appointed by the governor, one of whom shall have significant experience in municipal financial and restructuring matters.
Local Finance Law §160.05 (1)
Members of the Board
- Robert Megna, Chair, Director of the Budget
Mr. Megna is the Director of the New York State Division of the Budget. He is responsible for the overall development and management of the State’s fiscal policy, including overseeing the preparation of budget recommendations for all State agencies and programs, economic and revenue forecasting, tax policy, fiscal planning, as well as capital financing and management of the State’s debt portfolio.
- Thomas DiNapoli, State Comptroller
Mr. DiNapoli is the New York State Comptroller. He is responsible for auditing the operations of all State agencies and local governments, managing the State’s pension fund, overseeing the New York State and Local Retirement System, reviewing the State and New York City budgets, approving State contracts, and administering the State’s payroll and central accounting system.
- Robert J. Rodriguez, Secretary of State
Mr. Rodriguez is the Secretary of the New York Department of State. He is responsible for a broad range of programs, including local government services, community revitalization, and consumer protection services.
- Letitia “Tish” James, Attorney General
Ms. James was elected Attorney General on November 6, 2018 and sworn-in on January 1, 2019. Ms. James is the first woman of color to hold statewide office in New York and the first woman to be elected Attorney General. Prior to serving as Attorney General, she was elected Public Advocate for the City of New York in 2013 and also represented the 35th New York City Council District in Brooklyn for ten years.
- Helene E. Weinstein
Assemblywoman Weinstein is appointed on the recommendation of the Speaker of the Assembly and is the Chair of the Assembly Ways and Means Committee. Ms. Weinstein was elected to the State Assembly in 1980 from a district that encompasses Sheepshead Bay, Marine Park, Midwood, Flatlands, and East Flatbush.
- Catharine M. Young
Senator Young is appointed on the recommendation of the Temporary President of the Senate and is the Chair of the Senate Standing Committee on Finance. She is responsible for reviewing fiscal and other matters related to state taxation, revenues and spending, as well as overseeing the New York State Senate’s role in passage of the annual state budget. She represents Allegany, Cattaraugus, Chautauqua, and portions of Livingston County.
- RoAnn Destito
Ms. Destito is the Commissioner of the New York State Office of General Services (OGS). Ms. Destito previously served as Chair of the Assembly Committee on Governmental Operations, which includes legislative oversight of OGS. She represented the people of the 116th Assembly District from 1992 to 2011.
- Matthew Driscoll
Mr. Driscoll is the Acting Executive Director of the New York State Thruway Authority. Previously, he was the Commissioner of the New York State Department of Transportation and the President and CEO of the Environmental Facilities Corporation. Mr. Driscoll also previously served as the Mayor of Syracuse, where he spearheaded multiple environmental, energy and sustainability initiatives; instituted a performance-based accountability program for city government which saved millions of dollars for city taxpayers; and helped make the City of Syracuse the first city in the country to offer free college tuition to every student who graduates with a Regents diploma.
- Mark J.F. Schroeder
Mark J.F. Schroeder is the Commissioner of the New York State Department of Motor Vehicles and Chair of the New York State Governor’s Traffic Safety Committee. He previously served as the elected comptroller of the City of Buffalo from January 2012 until his appointment to DMV in January 2019, and has also previously served as a member of the Erie County Legislature and New York State Assembly.