Director of State Board of Finance Leaving To Take Job in Rio Rancho

Olivia Padilla-Jackson is leaving her job as director of the State Board of Finance and will be replaced effective March 1 on an interim basis by Deputy Director Stephanie Schardin Clarke, according to Gov. Bill Richardson.

The governor announced in a news release Thursday that Padilla-Jackson, who has been director since 2005, is leaving the State Board of Finance to accept a position closer to home and family as Rio Rancho’s director of financial services.

“I want to thank Olivia for her exceptional service on the Board of Finance, overseeing critical financial activities throughout the state. I wish her well in her new position,” Richardson said.

The governor said that Stephanie Schardin Clarke, who has been deputy director since February 2008, has done outstanding work for the board and has the experience and skill to take over the director’s job.

Prior to going to work for the Board of Finance, she was an economist for the Legislative Finance Committee and the state Department of Finance, according to the news release. She has a bachelor’s degree in economics from George Washington University and a master’s degree in economics from the University of New Mexico.

The Board of Finance oversees fiscal activities across the state. It issues the state’s bonds, has oversight of public deposits, manages the fiscal agent and custody bank contracts, approves various bond issuance and real estate transactions, dedicates the state GRT for tax increment financing and allocates private activity bond cap, the news release said.

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