Carol O’Cleireacain

Former Expert

Dr. O’Cleireacain is a senior consultant to the Task Force on the State Budget Crisis, chaired by Paul A. Volcker, former Chairman of the Board of Governors of the Federal Reserve, and Richard Ravitch, former Lieutenant Governor of the State of New York, that is currently engaged in bringing light to the conditions that underlie the fiscal crisis of the American states. She is also of counsel to the LIATI Group, a boutique merchant bank, with special focus on public infrastructure investments. She has held positions as Deputy Treasurer of the State of New Jersey, Finance Commissioner, and then Budget Director of New York City, the nation’s fourth largest taxing authority.

As a scholar, Dr. O’Cleireacain’s publications include The Orphaned Capital: Adopting the Right Revenues for the District of Columbia and, with Alice M. Rivlin, A Sound Fiscal Footing for the Nation’s Capital, both publications of the Brookings Institution and Hidden in Plain Sight: New York’s Unbalanced Budgets, published by SUNY’s Nelson A. Rockefeller Institute of Government.

Dr. O’Cleireacain has been a member of the Advisory Council to New York State Comptroller Thomas DiNapoli, the federal Competitiveness Policy Council’s Infrastructure Task Force, and the National Academy of Sciences’ Task Force on Business Strategies for Public Capital Investment. She was twice elected chair of the national Council of Institutional Investors. For 13 years, Dr. O’Cleireacain was chief economist of District Council 37 of the American Federation of State, County, and Municipal Employees, which played a critical role in the financial rescue of New York City during its fiscal crisis in the mid-1970s.

Dr. O’Cleireacain has taught at the New School’s Milano Graduate School for Management and Urban Policy and NYU’s Wagner Graduate School of Public Service. She has been a senior fellow of the Rockefeller Institute. She holds a Ph.D. in economics from the London School of Economics and is a member of the Council on Foreign Relations.

Dr. O’Cleireacain is a senior consultant to the Task Force on the State Budget Crisis, chaired by Paul A. Volcker, former Chairman of the Board of Governors of the Federal Reserve, and Richard Ravitch, former Lieutenant Governor of the State of New York, that is currently engaged in bringing light to the conditions that underlie the fiscal crisis of the American states. She is also of counsel to the LIATI Group, a boutique merchant bank, with special focus on public infrastructure investments. She has held positions as Deputy Treasurer of the State of New Jersey, Finance Commissioner, and then Budget Director of New York City, the nation’s fourth largest taxing authority.

As a scholar, Dr. O’Cleireacain’s publications include The Orphaned Capital: Adopting the Right Revenues for the District of Columbia and, with Alice M. Rivlin, A Sound Fiscal Footing for the Nation’s Capital, both publications of the Brookings Institution and Hidden in Plain Sight: New York’s Unbalanced Budgets, published by SUNY’s Nelson A. Rockefeller Institute of Government.

Dr. O’Cleireacain has been a member of the Advisory Council to New York State Comptroller Thomas DiNapoli, the federal Competitiveness Policy Council’s Infrastructure Task Force, and the National Academy of Sciences’ Task Force on Business Strategies for Public Capital Investment. She was twice elected chair of the national Council of Institutional Investors. For 13 years, Dr. O’Cleireacain was chief economist of District Council 37 of the American Federation of State, County, and Municipal Employees, which played a critical role in the financial rescue of New York City during its fiscal crisis in the mid-1970s.

Dr. O’Cleireacain has taught at the New School’s Milano Graduate School for Management and Urban Policy and NYU’s Wagner Graduate School of Public Service. She has been a senior fellow of the Rockefeller Institute. She holds a Ph.D. in economics from the London School of Economics and is a member of the Council on Foreign Relations.

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