José Cisneros, Treasurer
In September 2004, Mayor Gavin Newsom appointed José Cisneros as Treasurer for the City and County of San Francisco. As Treasurer, he serves as the City's banker and chief investment officer, managing all tax and revenue collection for San Francisco. He was elected to a full term in November 2005.
Treasurer Cisneros is proud to lead an accomplished and effective city department. Under his tenure, the office has achieved the lowest-ever property tax delinquency rate in the history of San Francisco. This means more services for the people of San Francisco, and lessens the pressure to increase taxes. Treasurer Cisneros has also achieved high investment returns, outpacing other large California counties—while preserving the safety and liquidity of the City’s money. He is also proud of the excellent customer service offered to the people of San Francisco, which has consistently been rated “excellent” or “good” by more than 90% of those surveyed.
Treasurer Cisneros strongly believes that his role of safeguarding the City’s money extends to all San Francisco residents. In January of 2005 Treasurer Cisneros led the implementation of the Working Families Credit Program, an innovative public/private partnership providing a tax credit to qualified San Francisco families. More than 9,500 of the City’s lowest-income working families have received over $2 million from the program, which provides a match to the federal Earned Income Tax Credit. Treasurer Cisneros continues to expand his role as a financial educator and advocate for low-income San Franciscans through creating innovative programs aiming to give all city residents access to a bank account and lessen the need for check cashers and payday lenders.
Prior to his appointment, Treasurer Cisneros served as Deputy General Manager for the San Francisco Municipal Transportation Agency. In this capacity, he managed MUNI’s $7 billion capital program designed to repair, replace and enhance system assets – including the 3rd Street Rail extension serving Chinatown, Mission Bay and the residents of Bay View and Hunters Point. Before working at MUNI, Treasurer Cisneros served as a member of the MTA Board of Directors and was instrumental in creating Proposition E, the Muni Reform Charter Amendment.
Treasurer Cisneros has a strong business background in the private sector, previously working for IBM Corporation and Lotus Development Corporation as a Senior International Product Manager. Prior to this, he was an Assistant Vice President at Bank of Boston where he managed financial product portfolios valued at over $100 million.
José Cisneros received his Bachelor of Science from Sloan School of Management at the Massachusetts Institute of Technology (MIT) and studied for an MBA at Boston University. He lives with his partner in San Francisco.
Pauline Marx, Chief Assistant Treasurer
As Chief Assistant Treasurer, Pauline Marx serves as Deputy to Treasurer José Cisneros, managing operations of the Office of the Treasurer and Tax Collector, including investments, banking, cashiering, remittance, and general customer service. The Treasurer’s Office processes over 1 ½ million transactions each year and the Treasurer’s pooled investment fund has approximately $6 billion in assets.
Ms. Marx serves as Board President for the City & County of San Francisco Retiree Health Care Trust Fund and is a Board Member of the Government Finance Officers Association. She previously served as President of the California Society of Municipal Finance Officers.
Ms. Marx has a bachelor’s degree from the University of Michigan and an MBA from Yale School of Management. She has lived in the San Francisco Bay Area since 1979, working for both investment banking firms and local governmental agencies, always focusing on the intersection of business and public policy at the local government level.
David Augustine, Tax Collector
In March 2013, Treasurer José Cisneros appointed David Augustine as San Francisco Tax Collector. Mr. Augustine most recently has served as Interim Tax Administrator following service as Tax Collector Attorney and Policy & Legislative Manager for the Treasurer’s Office. The San Francisco Tax Collector is responsible for all tax collection in the City and is the ex offico license collector under California law.
Mr. Augustine joined the Office in 2004 as Policy & Legislative Manager, and was instrumental in the implementation of the Treasurer’s many innovative social programs, including Bank on San Francisco, Kindergarten to College, and the Working Families Credit program. As Tax Collector Attorney he represented the office in a number of bankruptcy proceedings and coordinated collections work with the Bureau of Delinquent Revenue.
Mr. Augustine is a native of the San Francisco Bay Area and resides in San Francisco with his husband and daughter. Prior to joining the City he worked in municipal public finance, and with the New York City Mayor’s Office. He holds a J.D. from Stanford Law School and a B.A. in Political Science from Swarthmore College. He is a member of the California State Bar.