The New York City Mayor's Office of Management and Budget (OMB), formerly New York City Office of Management and Budget, is the

New York City government The government of New York City, headquartered at New York City Hall in Lower Manhattan, is organized under the New York City Charter and provides for a mayor-council system. The mayor is elected to a four-year term and is responsible for the ad ...

'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, revenue, and 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. OMB evaluates the cost-effectiveness of city services and proposals, both from the agencies and

New York City Council The New York City Council is the lawmaking body of New York City. It has 51 members from 51 council districts throughout the five boroughs. The council serves as a check against the mayor in a mayor-council government model, the performance of ...

. 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. New York City has the largest municipal budget in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

at $95.1 billion in Fiscal Year 2021 (as of the City's January 2021 Financial Plan).

History

By 1788, the Treasurer of the City prepared the budget, and in 1830 this duty fell to the

Comptroller A comptroller (pronounced either the same as ''controller'' or as ) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization. A financial comptroller is a senior-level execut ...

. In 1853, a Board of Commissioners was established comprising the Mayor, the Comptroller and the Presidents of the Board of Alderman and the Board of Assistants, to pass on the appropriations of the Alms House Department and the Board of Education before such appropriations should be submitted to the Board of Supervisors. This lasted until 1871, when the

Board of Estimate A board of estimate is a governing body, particularly in the United States. Typically, the board's membership will consist of a combination of elected officials from the executive branch (e.g., the mayor or county executive) and the legislative br ...

and Apportionment was established and charged with the duty of apportioning the revenue resulting from tax assessments on property valuation. In 1881, the Commissioners of Accounts prepared an annual statement of expenditures of all departments for use in budgeting. In 1914, a separate budget and efficiency staff was set up in the Office of the Commissioners of Accounts. The Board of Estimate and Apportionment also set up three agencies to assist in the preparation of the budget - the Bureau of Standards (later the Bureau of Personnel Service), the Bureau of Contract Supervision, and the Committee on Education. All of these agencies were abolished in 1918 and the Board of Estimate and Apportionment's examiners, who were transferred to the secretary's office at that time, later became the nucleus of the Bureau of the Budget. In 1924, the position of Director of Budget was created as part of the Mayor's Office by the Board of Estimate and Apportionment.Municipal Archives and Records Center of the City of New York
/ref> In 1933 The Bureau of the Budget was established by Local Law 11 with the Director of the Budget at its head. In 1976, the Bureau was renamed the Office of Management and Budget, and was granted its current responsibility for assisting the Mayor in developing and implementing the City's budget, and for advising the Mayor on policy affecting the City's fiscal stability and the effectiveness of City services.

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 responsible and balanced budget. 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, the New York City Transitional Finance Authority, and TSASC, Inc., a local development corporation whose debt is secured by tobacco settlement revenues. Both issue bonds to finance the city’s capital plan. The current Budget Director is Jacques Jiha.

Budget Directors

Notable former employees

Peter C. Goldmark Jr. Peter Carl Goldmark, Jr. (born December 2, 1940) is a retired publisher and journalist who highlighted environmental and social issues. Goldmark retired in 2010 as director of the Environmental Defense Fund's climate and air program. He was previo ...

, public servant, journalist former assistant director *

Michael P. Jacobson Michael P. Jacobson (born October 24, 1953) is the founder and director of the Institute for State and Local Governance at the City University of New York (CUNY). He is also the chair of the New York City Criminal Justice Agency. Education and ...

, professor, former deputy director *

Helen Rosenthal Helen K. Rosenthal (born October 24, 1960) was formerly an American politician who served as a member of the New York City Council for the 6th district. The district includes the Upper West Side of Manhattan. Early life and education Rosenthal ...

member, former assistant director *

Anthony Shorris Anthony Ernest Shorris (born March 7, 1957) is an American civil servant, educator, health care professional. He is a former executive director of the Port Authority of New York and New Jersey and a former first deputy mayor of New York City. He ...

, former First Deputy Mayor, former deputy director *

David Yassky David S. Yassky (born March 3, 1964) is an American lawyer and politician. He was a member of the New York City Council from 2002 until 2009, the chairperson of the New York City Taxi and Limousine Commission, and the Dean of Pace University School ...

, law professor, former budget analyst

References

External links