News Release News Release The City of Palo Alto
Communications Department
650-329-2607
250 Hamilton Ave
Palo Alto, CA 94301

7/2/2013

FOR IMMEDIATE RELEASE
PRESS RELEASE 07/02/2013
Subject :

Walter C. Rossmann Appointed as City of Palo Alto’s Director for the Office of Management and Budget
Contact : Claudia Keith, Chief Communications Officer    650-329-2607
Palo Alto, CA – After a competitive recruitment process, Walter C. Rossmann has been named as the City of Palo Alto's first Office of Management and Budget Director. This newly created position will oversee the City’s $460 million budget, the City’s Performance Management framework, and contribute to highly complex citywide initiatives and projects. Rossmann assumed his duties mid-June with an annual salary of $172,432.

"We are delighted to have a manager with Walter’s experience and credentials join the City’s leadership team," said Chief Financial Officer Lalo Perez. “Among a strong pool of candidates, it was clear to us that Walter’s background in Budget and Finance with the cities of San José and San Diego made him the right fit for our organization.”

Previous to his appointment with the City of Palo Alto, Rossmann served as the Assistant Budget Director with the City of San José from August 2009 to June 2013. During this time, San José experienced several General Fund budget shortfalls exceeding $100 million. Prior to his work in the Budget Office, he was responsible for San José’s accounting, purchasing, risk management, and business tax functions. In his various management capacities, Rossmann strategically reformed and streamlined governmental operations, enhanced engagement with the public, and advocated transparency of governmental decision-making.  

Rossmann has more than 15 years in governmental budget and finance experience. He received a bachelor’s degree in Hotel, Tourism, and Travel Administration from the University of Massachusetts and a master’s degree in Applied Mathematics from Texas A&M University – Corpus Christi. In addition, he completed doctoral course work in Economics at the University of Texas at Austin.

“I am honored and delighted to serve the residents of Palo Alto in my new capacity,” said Rossmann. “Palo Alto is a well-managed City and I am looking forward to contributing towards the long-term financial health of the City.”



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