Maureen Joyce named City of Boston auditor
Building on Boston's strong track record of fiscal management, Mayor Martin J. Walsh today announced the appointment of Maureen Joyce as Boston's new City Auditor, following the retirement of previous City Auditor Sally Glora, who served the City of Boston for 49 years. Joyce joins the City of Boston with more than 20 years of experience, with expertise in financial reporting and financial management, and served most recently as the Chief Financial Officer for the Benjamin Franklin Institute of Technology.
"I'm proud to welcome Maureen to Boston City Hall as Boston's City Auditor," said Mayor Walsh. "With over twenty years of experience, Maureen brings a strong knowledge of fiscal management, and we look forward to her leadership. As we welcome Maureen, I also want to express our deep gratitude to Sally Glora for her decades of dedicated service to the residents of Boston."
Boston's Auditor serves as the City of Boston's comptroller, and is the primary contact and liaison between the City of Boston and the Boston Audit Committee and the City's external auditors. As City Auditor, Joyce will work to ensure effective and efficient management of the City's operations; compliance with all relevant laws and regulations; and responsible and transparent financial practices.
As an executive official of the Boston Retirement Board, Joyce will hold fiduciary responsibility for the $5.5 billion dollar pension trust which serves approximately 34,000 members and beneficiaries. Joyce will also serve as a trustee for The George Robert White Fund and the Brown Fund Trusts.
"I'm honored to join Mayor Walsh and his talented administration, serving the people of Boston and helping our city continue its high standards for integrity, fiscal responsibility, and good governance," said Maureen Joyce. "I look forward to working collaboratively across City Hall, and taking on this important role."
"Selecting Boston's next City Auditor and Comptroller is an important task, and I'm thrilled Maureen has joined Boston's Administration and Finance team," said Emme Handy, Boston's Chief Financial Officer. "Maureen's work from Northeastern University to Benjamin Franklin has shown her strength as a multi disciplined financial manager. With Maureen as our City Auditor, we will maintain our strong foundation as a leader in fiscal management."
Earlier this year, Mayor Walsh announced Boston has maintained its perfect AAA bond ratings, as assigned by Moody's Investor Service and S&P Global Ratings. The City has maintained the top credit ratings from both rating agencies since 2014. These ratings build on Mayor Walsh's commitment to financial responsibility throughout the City of Boston. Over the past five years, Boston's revenue has grown by 25 percent, and the city has added 20,000 new jobs each year, produced nearly 28,000 new homes, and added over $9.3 billion of development in construction.
S&P Global Ratings cites Boston's "very strong" economy as reason for its AAA rating. Contributing to Boston's strong economy is its talented, diverse workforce; longstanding financial and insurance industries, as well as the city's growing reputation as a tech hub; central location; and recruitment and retainment of college graduates in the city.
Mayor Walsh recently signed his Fiscal Year 2020 budget proposal, a plan that focuses on bold investments that are guided by equity and opportunity for all residents. The $3.49 billion budget reflects a $176 million increase over last year's budget while simultaneously upholding the City of Boston's strong record of proactive fiscal management.