Jersey City Finance Department CFO Elizabeth Castillo has been named the acting director of the new city department after Director John Metro was named acting Business Administrator.
Outgoing Business Administrator Brian Platt set the moves in motion last month when he accepted the position of city manager for Kansas City, Missouri.
The Department of Finance was established by Mayor Steve Fulop earlier this year to further develop fiscal policies and procedures for the benefit of Jersey City taxpayers, officials said.
Castillo has more than 21 years of combined experience in governmental, manufacturing, and managerial roles, during which time she also obtained state licensure as a Certified Municipal Financial Officer, city officials said. As acting director, she will oversee five divisions within the Finance Department, including Management and Budget, Collections, Treasury and Debt Management, Accounts and Control, and Payroll.
“Liz Castillo is the epitome of what hard work can accomplish — having started as a clerk for (the Department of Health and Human Services) in 2003, she has a track record of success in every step of her career, leading up to her new role as Acting Director of Finance,” Fulop said.
“We are in the midst of historically challenging times as we face unprecedented financial hardships, but I have no doubt she will continue our aggressive efforts in creating a sustainable and resilient fiscal model for Jersey City now and for decades to come.”
As chief financial officer in the Finance Department, Castillo, a Jersey City resident and employee since 2003, has played a key role within the city’s financial team, officials said. In fact, this administration has successfully crafted six balanced budgets with no tax increases, which includes overcoming this year’s crippling $70 million budget impact due to the COVID-19 pandemic.
“As a single mother, a Jersey City resident, and a Latina, I’m beyond humbled to be entrusted by Mayor Fulop with this great opportunity to continue the important work within the newly established Division of Finance,” Castillo said. “I’m excited to further solidify our stance as a regional model of what fiscal responsibility can accomplish.”
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