Mayor-elect Zohran Mamdani has tapped Sherif Soliman, a veteran of three completely different mayoral administrations, to function his funds director.
Picture by Lloyd Mitchell
Mayor-elect Zohran Mamdani has tapped a veteran of three completely different mayoral administrations to function his chief monetary adviser.
The incoming mayor selected Sherif Soliman, most lately CUNY senior vice chancellor and chief monetary officer, to go the Mayor’s Workplace of Administration and Price range (OMB). Asserting the appointment on the Pomonok Homes in Queens on Thursday, Mamdani highlighted Soliman’s practically three many years of expertise in metropolis authorities as a key energy in an effort to advance his affordability-focused agenda.
“Budgets are nothing if not a reflection of political choices and political will, and I am eager to make different decisions and to enact an agenda that puts first the many, not just the privileged,” Mamdani stated. “Sherif Soliman is a skilled negotiator and dedicated public servant whose leadership of the OMB will ensure our administration fulfills our affordability agenda.”
Soliman, who will succeed outgoing OMB director Jacques Jaha, is credited for working to get CUNY’s fiscal home so as within the wake of the COVID-19 pandemic that noticed campuses shut and all studying compelled to go absolutely distant for a couple of 12 months. Town’s community of neighborhood and four-year faculties slashed its structural deficit by 77% in two years and secured greater than $400 million in new labor contracts with CUNY staff.
“Under his leadership, CUNY has enhanced strategic sourcing, improved financial transparency and worked closely with campus leaders to support academic priorities while maintaining long-term fiscal stability,” stated CUNY Chancellor Felix Matos Rodríguez in a congratulatory assertion. “[His] experience has been invaluable in navigating complex intergovernmental relationships and advocating effectively for the resources our students, staff and faculty need to succeed. ”
The incoming mayor selected Sherif Soliman, most lately CUNY senior vice chancellor and chief monetary officer, to go the Mayor’s Workplace of Administration and Price range (OMB). Asserting the appointment on the Pomonok Homes in Queens on Thursday, Mamdani highlighted Soliman’s practically three many years of expertise in metropolis authorities as a key energy in an effort to advance his affordability-focused agenda.Picture by Lloyd Mitchell
Previous to becoming a member of CUNY, Soliman served in three completely different mayoral administrations: as a legislative consultant underneath Mike Bloomberg; finance commissioner and several other different administrative roles with Invoice de Blasio; and as chief coverage and supply officer director for outgoing Mayor Eric Adams.
In his new function, Soliman shall be Mayor-elect Mamdani’s closest monetary advisor, answerable for creating, overseeing and negotiating capital and expense budgets with the Metropolis Council yearly. Town funds was lately revised to a complete of $118.2 billion for the present fiscal 12 months, which ends on June 30.
The OMB director additionally manages federal and state grants that the town receives, forecasts revenues, screens bills and works to make sure environment friendly service and features throughout all businesses of metropolis authorities.
Soliman sounded a cautiously optimistic tone in accepting the brand new function. Whereas he stated he shares lots of Mamdani’s values with regards to affordability, Soliman pressured that advancing that agenda have to be achieved responsibly.
“We are clear-eyed about the challenges that lie ahead, and we are excited about the opportunity to tackle the affordability crises that have strained household budgets for far too long,” he stated. “Budgets reflect the values of an administration — they are about innovation and excellence in government. I look forward to the work ahead in building a budget that delivers real wins for working New Yorkers.”
Alongside along with his earlier mayoral administrative roles, Soliman served as govt director of the New York Metropolis Advisory Fee on Property Tax Reform, which beneficial adjustments to the property tax system. He’s additionally a former member of the MTA board.
Soliman resides in Manhattan along with his spouse, Hanan, and two kids, Lenna and Ziyad.
