Budget Director

Jacques Jiha, Ph.D.
Budget Director

Budget Director Jacques Jiha, Ph.D.

Jacques Jiha, Ph.D., serves as Director of the New York City Mayor’s Office of Management and Budget. In this role, he oversees New York City’s fiscal policy, including the development of the Expense and Capital Budgets, the City’s bond and borrowing program, and the budgets of more than 90 City agencies and entities. He is also responsible for evaluating the efficiency and cost-effectiveness of City services and proposals, and providing vital information to government officials on the local, national, and world economies. As Budget Director, he has helped lead New York City out of the financial crisis brought on by the COVID-19 pandemic through strong fiscal management.

Previously he served as Commissioner of the Department of Finance, responsible for leading an agency that collects more than $40 billion annually in revenue for the city and assesses over 1.1 million properties with a total combined value of $1.3 trillion. He led the transformation of the Department of Finance into a dynamic, forward-looking, and customer-centric agency, and under his leadership the City reformed and modernized its corporate tax laws, reducing taxes for many small businesses, and introduced many new services for its customers.

Prior to becoming Commissioner of the Department of Finance, Director Jiha was the Chief Operating Officer and Chief Financial Officer of Earl G. Graves, Ltd., a multi-media company with properties in print and digital media. Previously, he served as Deputy Comptroller for Pension Investment and Public Finance. As the state’s chief investment officer, he oversaw the New York State Common Retirement Fund, the New York’s College Savings Program and the state’s short-term investment pool. Prior to this, he served as Deputy Comptroller for Nassau County, Deputy Comptroller for Budget and Chief Economist for the New York City Office of the Comptroller, Executive Director of the New York State Legislative Tax Study Commission, and Principal Economist for the New York State Assembly Committee on Ways and Means.

A staunch advocate of public service, Director Jiha served on a number of government and not-for-profit boards, including the Ronald McDonald House of New York, the Public Health Solutions and the Dormitory Authority of New York State.

Director Jiha holds a Ph.D. and a master’s degree in economics from the New School for Social Research and a bachelor’s degree in economics from Fordham University.