Finance

Skidmore professor operating for Saratoga Springs finance commissioner

Skidmore Faculty enterprise professor Minita Sanghvi would be the Democratic social gathering’s nominee for metropolis finance commissioner, she and social gathering officers introduced final week.

Sanghvi and Republican Joanne Kiernan will probably be competing within the November election for the part-time place overseeing town funds, which is open this yr with incumbent Democrat Michele Madigan’s resolution to not search re-election, after a decade in workplace.

The town’s funds have typically been sturdy through the years, however they took a tough hit over the past yr, with tens of millions of {dollars} in losses on account of enterprise disruptions brought on by the COVID-19 pandemic. In an announcement, Sanghvi acknowledged town faces main challenges.

“This previous yr has proven how fragile our metropolis’s economic system is,” Sanghvi stated. “We have to implement daring, new concepts to bolster the native economic system, safeguard town’s assets and convey extra voices to the desk. My objectives are clear — construct town’s funds again higher, bolster small enterprise and create an inclusive Saratoga.”

Sanghvi, a tenured enterprise professor at Skidmore, has lived in Saratoga Springs together with her household since 2014. She at the moment sits on the Saratoga Springs Public Library board of trustees, on which she is finance officer. She served on town’s 2016-17 Constitution Evaluation Fee, and is a founding member of the Saratoga Springs Human Rights Job Power.

Within the non-public sector, Sanghvi has labored for Leo Burnett, one of many world’s largest advert companies, for CARQUEST and for Wal-Mart.

“I’m able to work. It’s clear we have to give attention to contingency choices to assist our metropolis’s funds. As commissioner of finance I can even work with federal, state and county companies to spend money on our infrastructure and local weather initiatives,” Sanghvi stated. “I’ll put my enterprise expertise to work to assist assist the lifeblood of our metropolis’s economic system — our entrepreneurs and small companies.”

She stated she needs to create new tourism and humanities alternatives, encourage extra women- and minority-owned companies, and assist numerous voices.

Kiernan, the Republican, introduced her candidacy in March. Kiernan is an authorized public accountant who serves on the Saratoga Springs Board of Schooling.

“The COVID-19 pandemic was an amazing hardship for our companies and neighborhood as an entire and now we have come collectively like by no means earlier than to assist each other,” Kiernan stated on the time. “We’re a resilient neighborhood. I’m assured I can convey my expertise of enterprise and monetary planning to steer town on a course of sustained success past the pandemic.”

With 4 of the 5 Metropolis Council seats on account of be vacant due to retirements, the Democrats are fielding a full slate of candidates together with Ron Kim for mayor, Dillon Moran for accounts commissioner, Dominique Yermolayev for commissioner of public works, and Jim Montagnino for commissioner of public security.

Different Republican candidates are Heidi West for mayor, Tracey LaBelle for public security commissioner, and Samantha Guerra for accounts commissioner. Incumbent Republican Public Works Commissioner Anthony “Skip” Scirocco is the one incumbent commissioner in search of re-election.

Every commissioner oversees a side of metropolis operations, whereas the 4 commissioners and the mayor perform collectively because the Metropolis Council. Every earns $14,000 yearly.

Extra from The Every day Gazette:

Classes: Information, Saratoga County

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