Denver mayor-elect Michael Hancock has officially announced that former state treasurer Cary Kennedy will become his administration’s chief financial officer (CFO). Kennedy has said that her number one priority will be to assist Hancock in delivering a balanced budget to Denver City Council within the 60-day time frame the mayor is given after inauguration day.
Hancock has also announced that current CFO Ed Scholz will remain on as deputy CFO. Scholz has been the city’s budget officer and was appointed as CFO by mayor Guillermo Vidal in March to replace Claude Pumilia, who had held the position for four years.
Both Kennedy and Scholz will assist Hancock with the implementation of a new initiative called ‘peak performance’, which is aimed at providing city managers with the opportunity to deliver high quality services at low costs using real-time data and data driven decision making.