Jacqueline Dunn, Philadelphia’s acting city treasurer since September, now holds the position permanently.
“Jackie Dunn has distinguished herself in a number of crucial roles with the city’s Finance Department, including her tenure in the City Treasurer’s Office,” Mayor James Kenney said. “With the financial uncertainty brought on by the COVID-19 pandemic, the functions of the Office of the City Treasurer are more important than ever.
“Philadelphia is fortunate to have Jackie Dunn to lead these crucial operations.”
As treasurer, Dunn oversees the issuance of notes and bonds on behalf of the city’s general and enterprise funds, the city’s $9 billion outstanding debt portfolio, cash management and investments, and related policy issues. In the interim role, Dunn led negotiated pricings for the airport and Philadelphia Gas Works revenue and revenue refunding bonds.
The refundings generated more than $90 million in net present value savings, city officials said.
“The city has taken significant actions over time to strengthen reserves and address our unfunded pension liability, improving our resiliency heading into the downturn,” Dunn said. “I’m proud to have been a part of that and will continue working to ensure that the city has access to low-cost capital for critical investments.”
Dunn began with the department as an assistant finance director in 2014. Two years later, she was appointed chief of staff to the finance director, whose office oversees the city’s financial, accounting and budgetary functions. Dunn also serves as the finance director’s alternate on the Philadelphia Board of Pensions and Retirement.
Before joining the city, she worked for Public Financial Management and the Annenberg Public Policy Center. She holds bachelor’s and master’s degrees from the University of Pennsylvania.