New manager Migoya says he's 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.
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