The City of Philadelphia has announced the departure of Budget Director Marisa Waxman, who will be joining the U.S. Department of Treasury.

The current Chief of Staff in the Office of the Director of Finance, Sabrina Maynard, will become the City's Budget Director, beginning Monday, April 17.

“The City’s budget and finances are the foundation of all the services, opportunities, and solutions we’re proud to offer to residents, and Marisa’s leadership has benefitted everything that we do,” said Mayor Jim Kenney in a statement.

“I am grateful for her many years of service to Philadelphia, and especially appreciate her recent, crucial efforts as the City’s Budget Director to address the challenges presented by COVID-19 and chart a course towards recovery - all while creating better processes to improve equity and engagement. Marisa’s accomplishments and experience will serve her well in her new role with the U.S. Treasury and I wish her the greatest success,” Mayor Kenney continued

During her time as the City's Budget Director, Waxman oversaw and managed the City's annual $10 billion capital and operation spending for nearly four years.

Prior to her appointment, she was the First Deputy Revenue Commissioner, where her work focused on how policies, regulations, and programs impacted the City's revenue; as well as communications and intergovernmental affairs.

Waxman began her career with the City's Controller's Office, other roles having been the Office of Property Assessment, acting as Deputy Chief Revenue & Collections Officer, and Deputy Revenue Commissioner for Tax Policy & Research.

Waxman earned her Bachelor's degree in Political Science and Communications and a Master's of City Planning from the University of Pennsylvania.

She will depart for the U.S. Treasury's Office of Recovery Programs as the Director of the State and Local Fiscal Recovery Fund, which is an element of President Biden's American Rescue Plan delivering $350 billion in support to 30,000 state, local, territorial, and Tribal governments.

“After almost 20 fulfilling and fascinating years of City service, I am tremendously grateful to have been given the opportunity to make a positive impact on the lives of fellow Philadelphians,” said Waxman in a statement.

“As I move on to the federal government, I will carry with me lessons learned from my dedicated and talented colleagues about how to blend data-driven approaches with human-centered thinking to improve outcomes and equity for community members.”

As Waxman exits her role within the City on Friday, April 14, Maynard will begin Monday, April 17.

"I look forward to working closely with the skilled professionals in Budget and Grants as the City's finances continue to rebound from the COVID-19 pandemic. Together, we'll build on the equity and engagement work from the last several years as we continue to take meaningful steps towards making the City's budget processes more inclusive,” Maynard said in a statement.

Maynard has been working with the Office of the Director of Finance since 2016 as an Assistant Budget Director for Program Evaluation, moving to Senior Business and Policy Analyst before her current role.

Having served as Chief of Staff since June 2020, she has assisted in creating the Octavius Catto Scholarship at the Community College of Philadelphia, and has led efforts to train and improve fiscal and administrative staff communications throughout the City government.

Maynard earned a Bachelor's degree in Political Science and American Studies from Boston University, and a Master's of Public Administration from the Fels Institute of Government at the University of Pennsylvania.

“Being the Budget Director requires a comprehensive understanding of City finances and operations, and I am confident that Sabrina Maynard’s commitment to our Administration’s priorities and her years of experience in the Office of the Director of Finance have prepared her well to move the work forward,” Mayor Kenney concluded.