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 F. Mujica Jr., Chair, Director of the Budget
Mr. Mujica 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.
- Eric Schneiderman, Attorney General
Mr. Schneiderman is the New York State Attorney General. He is the highest ranking law enforcement officer for the State, responsible for representing New York and its residents in legal matters.
- 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.
- Rossana Rosado, Secretary of State
Ms. Rosado is the Secretary of the New York Department of State. She is responsible for a broad range of programs, including local government services, community revitalization, and consumer protection services.
- Herman D. Farrell, Jr.
Assemblyman Farrell is appointed on the recommendation of the Speaker of the Assembly and is the Chair of the Assembly Ways and Means Committee. Mr. Farrell was elected to the State Assembly in 1974 from a district that encompasses West Harlem, Washington Heights and Inwood.
- 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.
- Sydney Cresswell
Ms. Cresswell is a local government policy advisor for Governor Cuomo. Previously, she served as the Director of the Program on Local and Intergovernmental Studies (POLIS) at the University at Albany and is the author of numerous publications related to local government restructuring, intermunicipal cooperation, and shared services.
- 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 Commissioner of the New York State Department of Transportation. Previously he was the President and CEO of the Environmental Facilities Corporation and 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 also 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.
- Todd Snyder
Mr. Snyder is the executive vice chairman of North American Global Financial Advisory and the co-head of the debt and restructuring group at Rothschild, Inc., a leading international investment banking and financial advisory firm, where he is also Senior Managing Director. He has been an advisor for Rothschild Inc.’s companies for more than two decades, including work with Emerald Casino, Dow Corning and United Airlines.