Joseph P. Pennachetti
Joseph P. Pennachetti
Joseph P. Pennachetti was appointed City Manager for the City of Toronto in October 2008, with overall responsibility for 37,000 staff and a budget of $13.3 billion delivering services to 2.7 million residents.
Toronto is Canada's largest city and the 6th largest government in the country.
is committed to ensuring a high performing, service-oriented and engaged public service that delivers cost effective and efficient services for the residents and businesses of Toronto.
In the past three years, he has led initiatives to improve service efficiency and enhance customer service in the City of Toronto.
Some of his
achievements include the successful negotiation of four-year collective agreements with the City's unions resulting in agreements that are fair and affordable, and better position the City to manage and deliver efficient services to the residents and businesses of Toronto.
In 2011, Mr. Pennachetti led a Core Service Review of more than 150 City services delivered by divisions and agencies.
The review identified what services the City
should deliver, how they can be more efficient and cost effective, and how the City
should pay for them.
That same year, he
brought forward a City Budget that for the first time since amalgamation, delivered a decrease in gross expenditures.
The 2012 and 2013 budgets have resulted in a reduction of about 10% in operating expenditures ($350M plus), while reducing long term capital debt requirements by in excess of $800 million over the next 10 years.
Ultimately, the City goal of fiscal sustainability is now achievable based on both short term and long term service and financial planning strategies.
Under Mr. Pennachetti's
leadership, the City of Toronto
continues to be recognized internationally for quality, innovation and efficiency in delivering public services.
To further recognize and celebrate his
commitment to service excellence, Mr. Pennachetti
awarded the first City Manager's Award in 2010.
has since expanded beyond the initial two categories (divisional project and cross-corporate project) to include a category that recognizes a divisional initiative that contributes to the City's
goal of removing barriers for equity seeking groups and/or contributes to the City's Human Rights, Access, Equity and Diversity goals.
Mr. Pennachetti joined the Toronto Public Service in 2002 as the City's Chief Financial Officer.
As the City's Deputy City Manager and Chief Financial Officer, Mr. Pennachetti has contributed to the development and implementation of the financial controls and multi-year financial planning and reporting that have built a strong municipal public service and enhanced transparency across the organization.
Over the past several years, the City
has won many Government Finance Officers Association
awards for the City's
Long-Term Fiscal Plan, Budget and Annual Financial Report.
The 2005 Long Term Fiscal Plan, approved by Toronto City Council
and implemented by Mr. Pennachetti
and City staff, has resulted in Toronto receiving an upgraded credit rating (AA+) and provided the financial tools needed to improve the financial health of the City.
contributed to the enhancement of Toronto's business climate through a plan to reduce business property taxes by over $400 million from 2005-2020.
has also worked on numerous financing partnership agreements with the federal and provincial governments and the private sector, which have resulted in significant new infrastructure and transit being developed in Toronto.
Before joining the City of Toronto, Mr. Pennachetti was the Treasurer and Commissioner of Finance for the Regional Municipality of Peel for seven years (1995-2002); from 1990 to 1995, he was the Treasurer and Commissioner of Finance for the Regional Municipality of York.
Mr. Pennachetti previously worked in the finance departments of the Regional Municipality of Durham and the City of Edmonton.
Mr. Pennachetti holds both a Bachelor of Commerce and Master of Business Administration and is a Certified General Accountant.
is married and has two children.