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Learn about the Team at Washington, DC Investor Relations, including our Interim Chief Financial Officer, Deputy CFO & Treasurer, and Senior Financial Policy Advisor.
Dr. Fitzroy Lee, the interim chief financial officer (CFO) for the District of Columbia, manages the District’s finances, including its approximately $16.7 billion operating budget, of which $12.6 billion is generated from local and dedicated revenue sources. He also manages the city’s $8.2 billion capital improvements plan budget. Lee was appointed Interim CFO by Mayor Muriel Bowser in March 2021.
As the independent CFO, Lee manages the District’s financial operations, which include more than 1,700 staff members in the tax and revenue administration; the treasury; comptroller; and budget offices; the DC Office of Lottery and Gaming; economic/fiscal analysis and revenue estimation functions; and all District agencies. The CFO also manages the financial operations of United Medical Center, the University of the District of Columbia, and the Washington Convention and Sports Authority (Events DC).
He coordinates with congressional committees and the U.S. Office of Management and Budget staff that oversee District affairs. He regularly interacts with the financial community, including bond-rating agencies, regarding the District’s financial matters and local business and community organizations.
Dr. Lee began his career with the Office of the Chief Financial Officer in 2001, as the director of revenue estimation. In October 2009, he was appointed deputy chief financial officer and chief economist.
Previously, Dr. Lee worked for the Economic Research Service of the U.S. Department of Agriculture, where he co-authored a paper on the efficacy of user-fees for funding the meat inspection program. He was also an assistant professor of economics at Tulane University in New Orleans.
Dr. Lee has published papers on revenue forecasting and tax policy in nationally recognized academic journals and is a member of the board of directors of the National Tax Association.
As CFO for the District of Columbia, he sits on the boards of Events DC, Destination DC, the Green Finance Authority Board (DC Green Bank), Not-for-Profit Hospital Corporation, DC Retirement Board, and the Tobacco Settlement Financing Corporation.
He earned a doctorate in economics at The Andrew Young School of Policy Studies at Georgia State University and a bachelor's degree in applied physics and computer science from the University of the West Indies (Jamaica).
Carmen Pigler was appointed to her position in April 2021. As Deputy CFO and Treasurer, she manages the District’s treasury programs associated with its annual operating and capital budget. This includes management of the District’s banking and investment activities, check and electronic receipts and disbursements, and its debt issuance and repayment activities. She also oversees the District's 401(a) and 457(b) retirement plans, 529 college savings plan, and the Unclaimed Property program.
Previously, Ms. Pigler served as Associate Treasurer for Debt and Grants Management. In this role, she managed all aspects of the District’s $11 billion debt portfolio and provided leadership in all aspects of capital improvement and economic development finance matters. She also administered federal grant funds, tracking expenditures in all grant-funded programs, and provides regular assessments of grant funds.
Prior to joining the District, Ms. Pigler worked in debt management and treasury roles for the cities of New York and Atlanta where she was involved in the issuance of more than $40 billion of debt, coordinated investor outreach, and directed cash management strategies. Ms. Pigler began her career in municipal finance as an investment banker where she served as senior relations manager to issuers in Georgia, Florida, Alabama, Tennessee, New York and Connecticut.
Ms. Pigler holds a B.A. in Economics from South Carolina State University and a Master of Business Administration from Columbia University Graduate School of Business.
Darryl Street has served as the Senior Financial Policy Advisor to the District of Columbia’s Chief Financial Officer since February 2015. Mr. Street provides strategic advice on a wide array of financial issues, including on the District's existing $11 billion debt portfolio and all future planned debt issuances, long-range infrastructure planning and asset management, as well as institutional investor outreach and various quantitative analyses for other District agencies and instrumentalities.
Mr. Street is responsible for managing the District's debt capacity model to ensure that the District stays within its federally and locally mandated debt limits for all planned borrowings during the 6-year capital improvement plan period and beyond. Mr. Street also lead the OCFO's efforts in the development, and ongoing management, of the District’s industry-leading long-range capital financial plan to address the infrastructure financing and deferred maintenance challenges of the District of Columbia. He is a frequent speaker at national and international conferences on the District’s innovative asset management system.
Mr. Street is also responsible for instituting direct outreach to institutional investors in the debt of the District of Columbia by organizing biennial, regional investor conferences, as well as the development and management of the District's investor relations website. He serves as financial liaison from the Office of the Chief Financial Officer to the Washington Convention and Sports Authority (WCSA), and he also serves as the CFO's designated alternate on the board of WCSA. Mr. Street leads the OCFO's executive team for issues related to the Washington Metropolitan Area Transit Authority (WMATA) and serves as liaison to the Mayor's Office of Public Private Partnerships in evaluating financing opportunities for various P3 proposals and their impact on the District's debt limit.
Mr. Street is a former vice president of a financial advisory firm located in Irvine, California. While at that firm, he advised on more than $12 billion in debt issuances for state and local governments, including the state of California and the city of Los Angeles. Prior to working as a financial advisor, he served in a variety of positions within public finance, including as an investment banker, a guaranteed investment contracts provider, as well as working for the city of Los Angeles in the debt management group within the Office of the City Administrative Officer.
Mr. Street holds a master’s degree in finance and a bachelor’s degree in business management from Loyola Marymount University, Los Angeles. He serves on the SEC's Fixed Income Market Structure Advisory Committee (FIMSAC), as well as on the Board of the Government Finance Officers Association Washington Metropolitan Area chapter, and is a member of the Association of Public Finance Professionals for the District of Columbia, Maryland and Virginia.