San Francisco, CA – Today, San Francisco Mayor Edwin Lee performed the swearing-in of San Francisco Assessor Carmen Chu. Assessor Chu replaces former Assessor Phil Ting, elected in November 2012 to the California State Assembly. Chu takes over for acting Assessor Zoon Nguyen.
Assessor Carmen Chu previously served as District Four Supervisor, representing the Sunset/Parkside District since her appointment by then-Mayor Gavin Newsom in 2007. She was elected twice since that appointment in both 2008 and 2010.
As Supervisor, Carmen Chu chaired the Board’s Budget and Finance Committee for the 2011-2012 budget. Working with the Mayor, community leaders, city departments and labor, the $6.83 billion budget preserved funding for critical city services while closing a General Fund deficit of $380 million.
Chu again chaired the Budget and Finance committee for the 2012-2014 budget, where she led the development of San Francisco’s first two-year budget, implemented to more effectively align the City’s spending with long-term planning, while preserving vital city services and making key investments in San Francisco schools, transportation, housing, and infrastructure, while maintaining necessary reserve funds.
“I am honored to serve as Assessor and appreciate the confidence Mayor Lee has in my ability to execute the position in a fair and effective manner,” said Chu. “I look forward to carrying out the responsibilities of the office to ensure we have a strong and stable tax base that continues to fund the important city services San Franciscans depend on,” Chu continued, “I thank Phil Ting for the foundation he has built in the Assessor’s office during his tenure. There is more we can do and I am ready to get immediately to work.”
“I can’t think of anyone more qualified to serve as San Francisco Assessor than Carmen Chu,” said Supervisor Scott Wiener. “She is an expert in municipal finance, she has demonstrated her commitment to transparency, and will treat taxpayers fairly.”
After graduating Magna Cum Laude and Phi Beta Kappa from Occidental College with a Bachelors degree in public policy, Assessor Chu earned a Master’s degree from the Goldman School of Public Policy at the University of California, Berkeley.
Her career in municipal finance began with her work as a consultant for PFM, where she advised municipalities on financing for public works financing and debt management.
As Supervisor, Carmen Chu worked with the PUC to develop the largest municipal solar project in the nation, located at the Sunset Reservoir. She worked closely with neighborhood businesses to improve merchant corridors and enacted legislation to provide protections to domestic violence victims. Assessor Chu also led the effort to encourage San Francisco small businesses to participate in city contracts and streamlined the city’s contracting process.
Chu will run to retain her position as Assessor in San Francisco’s November 5th municipal election. She is proud to already have strong support citywide including Mayor Lee; nine of her former colleagues on the Board of Supervisors- Eric Mar, Mark Farrell, David Chiu, London Breed, Jane Kim, Scott Wiener, David Campos, Norman Yee and Malia Cohen; State Senator Mark Leno; Board of Equalization member Betty Yee; Assemblymember and former Assessor Phil Ting; former Assemblymember Fiona Ma; District Attorney George Gascón; Treasurer Jose Cisneros, former Supervisor Bevan Dufty, and many others.