New Detroit deputy mayor to look for new funding
Detroit — A new deputy mayor was appointed Wednesday to identify new external funding sources for the city as it moves toward exiting bankruptcy.
Carol O'Cleireacain is a former budget director for New York City and will be responsible for Economic Policy, Planning & Strategy, officials said.
O'Cleireacain was hired under a contract signed by Emergency Manager Kevyn Orr. The contract was executed before the City Council approved a resolution that restored authority to the city's elected leaders, while keeping Orr in place to focus on bankruptcy proceedings.
Officials say O'Cleireacain has held positions as deputy treasurer of the state of New Jersey and finance commissioner as well as her budget director position in New York City — the nation's fourth largest taxing authority.
Mayor Mike Duggan said one of O'Cleireacain's primary roles in his cabinet will be to identify funding to make the city less dependent on annual tax revenues.
"Our ability to live within the Plan of Adjustment once it is approved can't rely solely on traditional revenue sources because they can fluctuate based on conditions we can't control," Duggan said in a statement released Wednesday.
Among her assignments, O'Cleireacain will work with Chief Financial Officer John Hill to handle financial aspects of the city's emergence from bankruptcy, including the restructuring of the Detroit Water & Sewerage Department with the recently approved Great Lakes Water Authority.
"Mayor Duggan is setting a strong tone of fiscal accountability," O'Cleireacain said.
Isaiah "Ike" McKinnon will continue as the deputy mayor designated under the city charter, officials said.