Glen Lee named new DC CFO

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DC Mayor Muriel E. Bowser (D) announced on Monday his appointment as the city’s chief financial officer: Glen Lee, who has spent nearly 30 years in various roles for the city of Seattle, most recently as as financial director.

If confirmed, Lee would become the fifth person to hold the independent office, which was created in 1995 by federal legislation that also established a financial control board to help oversee district finances. The CFO has a variety of responsibilities, including establishing revenue projections and operating the city’s financial management system.

At a Monday press conference, Bowser touted the district’s financial stability progress in recent years — like earning a Triple-A bond rating and building up the 60-day cash reserve fund. of the city — successes she attributed to the city’s former chief financial officer, Jeffrey DeWitt, who resigned in March 2021 for a leadership position at the University of Kansas after a nearly seven-year run. After DeWitt’s resignation, Bowser chose Fitzroy Leethe city’s deputy chief financial officer and chief economist, for the remainder of DeWitt’s five-year term, which ends June 30.

Now she will ask Glen Lee, 61, to help the city deal with the economic hardship of the pandemic. She highlighted her experience and said that in addition to earning estimates, she would be asked to take on duties that Bowser had previously asked of DeWitt during his tenure, including a focus on Metro finances as well as the inventory of the public of the city. housing stock as part of the DC Housing Authority’s rehabilitation plan.

“I consider the District of Columbia CFO to be the pinnacle of the financial profession here in the United States,” Lee said. He added that DC is an “exciting city with exciting challenges.”

DC CFO Jeffrey DeWitt to step down next month amid pandemic-tinged budget season

Lee will leverage a larger budget in the District: The mayor of Seattle in December signed a $7 billion budget for 2022; On Tuesday, the DC Council will hold the second of two votes on a $19.5 billion budget for fiscal year 2023.

When asked if he was ready to leave Seattle and take on district duties akin to managing a state budget, Lee cited his background: He started his career in finance public at the California Legislative Analyst’s Office before moving to Seattle, where he first worked. as a revenue forecaster before spending 11 years as deputy chief financial officer. He has served as Seattle’s chief financial officer since 2010.

“I have knowledge that provides the proper context to handle the larger responsibilities,” he said.

Bowser was also asked Monday about City’s sole-source sports gaming contract, which has been under review for underperformance since DeWitt pushed the DC Council to approve it in 2019. under the tutelage from the CFO via the DC Lottery.

“I’m generally concerned about the DC lottery and sports betting is one of them,” Bowser said. “I think we’re all going to be carefully considering what happens next.”

If the appointment is confirmed by the board, Bowser said Fitzroy Lee would return to his previous roles. DC Council President Phil Mendelson (D-At Large) said at the press conference that he expects Glen Lee’s confirmation process to be completed before the end of June.

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