Robert L. Megna
Robert L. Megna, M.P.A., M.SC., possesses a wealth of strategic fiscal and operational expertise from almost 30 years of leadership positions in the public sector.
Mr. Megna currently serves as Senior Vice President for Finance and Administration at Stony Brook University, as well as President of both Fort Schuyler Management Corporation (FSMC) and Fuller Road Management Corporation (FRMC), which are non-profit organizations affiliated with SUNY Polytechnic Institute. At Stony Brook, Mr. Megna is responsible for managing that institution's financial, administrative and facilities operations, and has similar responsibilities at FSMC and FRMC.
Mr. Megna served as a government member of The New York Racing Association, Inc.’s Reorganization Board of Directors from 2012 to 2017 and chaired the New York Franchise Oversight Board for several years.
Mr. Megna served as Executive Director of the New York State Thruway Authority and Canal Corporation before joining Stony Brook in 2016. As Executive Director of the Thruway Authority and Canal Corporation, Mr. Megna oversaw operations and finances, including the construction of the New NY Bridge to replace the Tappan Zee. Prior to joining the Thruway Authority, he served as Budget Director for the New York State Division of the Budget since 2009, during which time New York State achieved its highest financial ratings in 40 years from the three major credit rating agencies. As Budget Director, Mr. Megna reported to the New York State Governor and interacted regularly with State Agency Commissioners, Legislative leaders, local elected officials and administrative officers and senior Federal government officials. He was responsible for the overall development and management of the State’s fiscal policy, including the oversight of the State’s $145 billion annual budget, the preparation of budget recommendations for all State agencies and programs, economic and revenue forecasting, tax policy, fiscal planning, capital financing and management of the State’s debt portfolio, as well as pensions and employee benefits.
In addition to achieving the highest financial ratings in 40 years, under his leadership the Division of Budget passed four on-time budgets for the first time since the 1970’s; reduced debt outstanding for two consecutive years and brought the State’s debt-to-income ratios to their lowest levels since the late 1960’s; achieved significant cost savings in agency operations with zero growth in costs for four years; and negotiated a new pension system that is projected to save more than $80 billion for all levels of government over 30 years. In his role as Budget Director, Mr. Megna also chaired the Financial Restructuring Board, with a focus on recommending cost-saving efficiencies, and chaired the Public Authorities Control Board.
Other highlights of Mr. Megna’s career include his role as Deputy Director of Fiscal Studies for the Assembly Ways and Means Committee from 1991-1993 where he was responsible for evaluation of all legislative and Executive tax proposals, and his role as Assistant Deputy Director of Fiscal Studies for the Assembly Ways and Means where he was responsible for analysis, review and forecast of the revenue side of the State of New York financial plan, a $30 billion General Fund budget.
Mr. Megna earned a Master of Science in Economics from the London School of Economics and Political Science, University of London; he received his B.A. in Economics and a Master of Public Affairs both from Fordham University.