Inslee's budget director leaving for state investment board post

David Schumacher, who has guided the writing of Gov. Jay Inslee’s budget proposals the past 12 years, will depart this fall as the finishing touches are put on the outgoing chief executive’s final spending plan.

Schumacher, director of the Office of Financial Management since January 2013, will become the government and public affairs director for the Washington State Investment Board. It’s a newly created post for the investment board which manages $203 billion in state retirement funds and other public trust accounts.

“David is coming on board because the WSIB is facing a more complex political and regulatory landscape,” wrote James Aber, institutional relations director for the board, in an email. “He will be focused on engagement rather than advocacy, serving as a resource for legislators and government officials, answering their questions and articulating the agency’s investment approach.”

He’ll also be responsible for monitoring and managing any legal or regulatory developments that might impact the state investment board, Aber said. A start date and salary are not yet set.

https://washingtonstatestandard.com/briefs/inslees-budget-director-leaving-for-state-investment-board-post/