The University of Chicago News Office
November 25, 1997 Press Contact: Julia Morse
(773) 702-8359

New York State Budget Director Patricia A. Woodworth named new Vice President and CFO of the University of Chicago

Patricia A. Woodworth, New York State’s Budget Director, has been appointed Vice President and Chief Financial Officer of the University of Chicago, University President Hugo Sonnenschein announced.

Woodworth, who implemented and monitored New York’s $67 billion budget, played a crucial role in transforming the state’s $5 billion deficit into back-to-back surpluses of $445 million and $1.6 billion respectively over the last two years.

“Patti Woodworth is an extraordinary individual, who is in the midst of a remarkable career,” Sonnenschein said. “At our University, she will help us provide the very best business and financial support for our academic mission.”

Woodworth will join the University at the end of January, after the preparation of the 1998-99 Executive Budget for New York State. She has served as New York Governor George Pataki’s budget chief and one of his top policy advisors since January 1995.

Accomplishments initiated by Woodworth include the governor’s $3.5 billion property tax relief plan, the governor’s Clean Water, Clean Air Bond Act, charter school legislation and numerous financial management reform measures. She initiated a statewide review of programs and services to reprioritize state resources on critical government services. She chaired the Governor’s Welfare Reform Task Force, significantly reduced the cost of State government and improved New York’s credit rating for the first time in over a decade.

Before becoming New York’s budget director, Woodworth was the director of Michigan’s Department of Management and Budget. Under Governor John Engler, she was responsible for formulating, presenting, negotiating and implementing the $28.9 billion budget. She developed and implemented new, creative approaches to resolve many of the state’s long standing financial management problems, including consolidating the state’s data centers and implementing a state-of-the-art financial management system.

Woodworth was the Director of the Office of Planning and Budget in Florida from 1988 to 1990 under Governor Bob Martinez, where she managed a $21.2 billion budget .

Woodworth was given Special Performance Awards from the Executive Office of the President in 1984 and 1985 and from the U. S. Department of Health and Human Services in 1983. She was President of the Midwestern Association of Legislative Fiscal Officers in 1986 to 1987 and a board member of the National Association of Legislative Fiscal Officers during the same time. Named Floridian of the Month by the Florida League of Cities in 1988, she was a Council of State Governments Toll Fellow in 1986. She participated in the Harvard Program for State and Local Executives in 1987.
Last modified at 03:50 PM CST on Wednesday, June 14, 2000.

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