Adam Barsky, a former budget director under former New York City Mayor Rudolph Giuliani, has been tapped to chair the fiscal control board for Long Island's Nassau County.
New York. Gov. Andrew Cuomo announced Wednesday the appointment of Barsky as the new board chairman of the Nassau Interim Finance Authority. Barsky replaces Jon Kaiman, who resigned his NIFA leadership post on Feb. 8 to run for a Long Island congressional seat being vacated by Rep. Steve Israel. NIFA, which was first established in 2000, took control of Nassau's finances in 2011.
"Adam Barsky brings a depth and diversity of experience that is second to none, and I am confident his expertise will help better serve the residents of Nassau County and all New Yorkers," said Cuomo in a statement. "I thank him for his service and I look forward to working together to move New York forward."
Nassau County is rated A2 by Moody's Investors Service. NIFA approved Nassau's $2.95 billion budget in December, but also issued mandatory quarterly reviews to track if county revenue and spending levels are on track.
Barsky worked as budget director and chief finance officer under Mayor Giuliani from 2000 to 2002. In this role he was responsible for the preparation and management of the city's $40 plus billion operating budget and $50 billion capital improvement plan.
Barsky is currently executive vice president and chief risk officer of the Israel Discount Bank of New York. He helped the bank navigate the 2008 financial crisis and recently increased its profitability and operational efficiency during an ownership change.
Prior to his work with the Israel Discount Bank, Barsky oversaw administration and capitol services under former Gov. George Pataki for NIFA, the Dormitory Authority of the State of New York, Metropolitan Transit Authority and the Port Authority of New York and New Jersey. He previously was chairman of the New York City Employees Retirement System and the New York City Transitional Finance Authority.
