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Wrong Joe Pennachetti?

Mr. Joe Pennachetti

City Manager


Direct Phone: (416) ***-****       

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Background Information

Employment History

Chief Financial Officer and Treasurer


Chief Financial Officer and Deputy City Manager




City Manager


Chief Financial Officer



Treasurer and Commissioner of Finance for the Region
Peel District School Board

Treasurer and Commissioner of Finance for the Regional Municipality
Peel District School Board


Master of Business Administration

Bachelor of Commerce

Web References (189 Total References)

Toronto's Chief Financial ... [cached]

Toronto's Chief Financial Officer and Deputy City Manager, Joe Pennachetti said, "The upload of the costs for social services is required to ensure Toronto continues to use all the revenues we directly collect to fund municipal services and we will continue to focus the discussion with the province to ensure this happens."

"The efforts and resources required to ... [cached]

"The efforts and resources required to recover from last year's storm were significant," said City Manager Joe Pennachetti.

Tuesday's vote capped a two-day executive ... [cached]

Tuesday's vote capped a two-day executive meeting, called to discuss city manager Joe Pennachetti's report on a new casino and convention development. Mr. Pennachetti's report, released last week, did not recommend council vote one way or the other on the downtown casino issue. He did, however, provide 43 conditions for the OLG to meet before a casino could be built.

Executive also voted in favour of expanding the gambling facility at Woodbine, as Mr. Pennachetti's report had recommended.

A briefing note from city manager ... [cached]

A briefing note from city manager Joe Pennachetti agrees that, during Ford's tenure, the city has implemented a number of "initiatives" that add up to $972 million in "budget savings." But closer scrutiny of the list shows that it ignores decisions that led to higher costs and reflects many "savings" that aren't really savings at all. The overall budget has continued to rise.

A briefing note from city manager Joe Pennachetti agrees that, during Ford's tenure, the city has implemented a number of "initiatives" that add up to $972 million in "budget savings.
Its not true even though Ford is more or less supported by the citys top bureaucrat, city manager Joe Pennachetti, and its chief financial officer, Rob Rossini.
Pennachetti said later that hundreds of millions in similar savings were found when Ford predecessor David Miller was in charge.
$87 million from 2014 base savings including compensation and TTC that Pennachetti could not immediately explain on Thursday. $7.6 million from deferring the hiring of police officers from 2011.

Joseph P. ... [cached]

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.
Mr. Pennachetti 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. He 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.
Mr. Pennachetti contributed to the enhancement of Toronto's business climate through a plan to reduce business property taxes by over $400 million from 2005-2020. Mr. Pennachetti 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.
Mr. Pennachetti is married and has two children.

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