New York City Comptroller Lander Appoints Jay Olson as Deputy Comptroller for Public Finance

New York, NY – New York City Comptroller Brad Lander announced the appointment of Jay Olson as Deputy Comptroller for Public Finance. Olson’s appointment will continue the work of the office to support economic recovery and prepare for a more sustainable future.

Olson is a seasoned municipal finance professional with over two decades of experience in the City’s municipal finance market. He most recently served as Senior Assistant Director at the New York City Office of Management and Budget (OMB). During his tenure at OMB, Olson was responsible for managing the City’s bond issuances, debt service budget, and a variety of financing authorities and corporations with the Office.

He served as treasurer for several debt issuers within OMB including the New York City Transitional Finance Authority (TFA) and Hudson Yards Infrastructure Corporation (HYIC). Olson holds an MPA from the Harvard Kennedy School of Government, and MBA in Finance from The University of Texas and a BA from Northwestern University.

“As New York City continues to navigate uncertain economic conditions, I am delighted to announce the appointment of Jay Olson as Deputy Comptroller for Public Finance. With extensive experience and a strong track record of successfully tackling some of the biggest issues in municipal finance, I am confident that Jay will be a responsible steward of the City’s debt and ensure our vital infrastructure needs are funded in the years to come,” said Comptroller Lander.

As Deputy Comptroller for Public Finance, Olson will be responsible for leading the efforts of the Office’s Bureau of Public Finance which manages all aspects of City borrowing for the Comptroller including bond issuances, managing risks to identify money-saving opportunities and debt policy. The Bureau’s work aims to improve the City’s financial position by establishing and enforcing fiscally responsible borrowing practices. The Bureau works closely with the Mayor’s Office on bond issuance to fund infrastructure needs and other capital projects.

“I am honored by the faith the Comptroller has placed in me by charging me with the responsibilities of Deputy Comptroller for Public Finance. As I have since I started working for the City. I remain committed to the orderly operation of the capital finance program and debt management of the City and its related entities,” said Deputy Comptroller Olson.

Comptroller Lander also thanked Marjorie Henning, former Deputy Comptroller for Public Finance who retired at the end of April, for her service. “For three decades, Marjorie Henning was an innovative and outstanding municipal finance leader whose vision secured wins for New York City in a time of economic uncertainty. She navigated many of the City’s toughest economic challenges with a steady and principled approach and left the City of New York on solid footing for the years to come,” said Comptroller Lander.

Last week the City of New York successfully sold $1.56 billion in general obligation bonds, deploying a unique tender strategy to achieve additional savings. The transaction will save the City $108 million over the financial plan.

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