New Manager Migoya Says Hes Aboard To Help Fix Miami By Upgrading Finances Then Help Pick His Own Successor

Longtime banking executive Carlos Migoya — Miami’s new, free city manager — has a one-track mind. He says he isn’t here to pander or prove anything. He’s here to get the financially foundering city back on solid ground, then help find a successor.

"I have no political agenda. I don’t know anything. I don’t have any ties to anyone," Mr. Migoya says. "All I want is a betterment of the city for its taxpayers and its employees."

Amid a rash of shakeups at the top, Mayor Tomás Regalado tapped the veteran banker to take over at a crucial time.

Though Mr. Migoya would not quantify the city’s budget deficit, it’s been reported in the $20 million to $45 million range. And, the city is facing $892 million unfunded pension liabilities.

Mr. Migoya is focusing on a few core solutions: labor concessions and other recurring savings, one-time income infusions and long-term revenue gains.

Just more than a week into his new gig, Mr. Migoya sat down with Miami Today staff writer Risa Polansky to talk strategy in his new City Hall office — which already had his name on the door. To read this profile article in its entirety, subscribe to Miami Today’s E-paper. With the E-paper you will be able to read the entire contents of Miami Today online exactly as it appears in print. Or order this issue, to receive a regular printed copy of this week’s Miami Today. You may also subscribe to the printed edition of Miami Today to receive the newspaper every week by mail. Advertisement