IRS clarifies that 2022 Delaware Relief Rebates will not be treated as federal taxable income. More Info
State of Delaware, Department of Finance
Richard J. “Rick” Geisenberger was sworn in as Delaware’s 18th Secretary of Finance on January 18, 2017. He was nominated by Governor John C. Carney and confirmed by the Delaware Senate. The Secretary of Finance is the state’s chief financial officer, and is responsible for promoting Delaware’s fiscal health through fair and efficient forecasting, generation, collection and accounting of state funds. He oversees the State’s Division of Revenue, Division of Accounting, Office of Unclaimed Property, and the State Lottery Office. Together these agencies collected a record $3 billion for the state’s General Fund in Fiscal Year 2019. The Office of the Secretary is also responsible for statewide revenue forecasting, tax policy analysis, and bond finance.
Geisenberger serves on several financial oversight bodies, including the Delaware Economic and Financial Advisory Council, the Delaware Public Employees Retirement System Board of Trustees, the Delaware Health Care Commission, and the Cash Management Policy Board to name a few. He also serves as the Vice Chair of the Diamond State Port Corporation that owns the Port of Wilmington.
Secretary Geisenberger shares Governor John Carney’s strong commitment to strengthening Delaware’s economy, and making state government more responsive and transparent to the people it serves. Key Carney Administration initiatives supported by Geisenberger and his team have included:
Secretary Geisenberger is also an Executive Sponsor of the Government Efficiency and Accountability Review (GEAR), created by Governor Carney to make annual recommendations on ways to increase the efficiency and effectiveness of State spending. GEAR works to support, recommend and implement cost savings ideas for shared services across State government and public education while driving the implementation and recognition of best practices in continuous improvement among state employees.
He previously served as Delaware’s Chief Deputy Secretary of State, and the Director of the Division of Corporations. Delaware is known internationally as the corporate home to more than two-thirds of Fortune 500 companies. During 16 years of service in those roles , the number of Delaware legal entities increased 140%; the State’s incorporation revenues doubled to more than $1.1 billion; and the Division earned ISO 9001 certification and won the Delaware Quality Award’s prestigious W.L. Gore Award of Excellence in recognition of its world-class quality management system.
Before joining state government as an Economic Policy Advisor to Governor Thomas Carper, Rick held a variety of private sector positions in banking, finance, treasury services, mergers and acquisitions, and strategic planning – first with Corestates Financial, then Manufacturers Hanover Corporation, and later Delmarva Power.
Secretary Geisenberger earned his M.G.A. degree from the University of Pennsylvania, his B.A. from Franklin & Marshall College, and he has completed the Wharton Executive Program in Mergers and Acquisitions.
|Rebecca Goldsmith||Deputy Secretary of Finance|
|Jane Cole||Director, Division of Accounting|
|Director of Human Resources|
|Kathy Revel||Director, Division of Revenue|
|Helene Keeley||Director, Delaware Lottery|
|Brenda Mayrack||Director, Office of Unclaimed Property|
|Joel Heller||Director of Bond Finance|
|Charles Clark||Director, Government Efficiency & Accountability Review|
|David Roose||Director of Research & Tax Policy|
|Michael Myron||Director, Office of Technology & Business Innovation|
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Related Topics: accounting, finance, funds, GEAR, Government Efficiency and Accountability Review, leadership, lottery, mission, revenue, revenues, Rick Geisenberger, secretary, taxes