Because of his reputation for garnering support across party lines, it was rumored that he would seek the Republican nomination for Attorney General in 2006.
For political reasons, Balboni sided with the Democrats, and refused to endorse the Republican candidate, former friend and colleague Nassau County Clerk Maureen O'Connell, who lost the election to Democratic Nassau County Legislator Craig M. Johnson.
In his role as head of the NYS Office of Public Safety, Balboni oversaw homeland security and criminal justice agencies for Spitzer.
In January, 2009, Balboni announced he would be leaving the Paterson administration to work in the private sector as a partner with Navigators Global, a government relations and communications consulting firm.
[2] In August 2010, Balboni left his position at Navigators Global to join Cardinal Point Strategies as a Principle and Senior Vice President in their Government Solutions Group In August 2012, Balboni became the Founder of RedLand Strategies, a consulting firm which sits at the intersection of Public Safety, Government Relations, Media Management and Business Development.