Authorities Budget Office

● Accountability ● Transparency ● Integrity

Annual Report on Public Authorities in New York State
July 1, 2013

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STATE OF NEW YORK

Authorities Budget Office
P O Box 2076 Albany, NY 12220-0076
WWW.ABO.NY.GOV

E-mail address: Info@abo.ny.gov

Local:518-474-1932 Toll Free: 1-800-560-1770

A Message from the Director of the Authorities Budget Office July 1, 2013 In accordance with Section 7 of Title 2 of the Public Authorities Law, the Authorities Budget Office (ABO) is pleased to issue its seventh annual report on the financial operations, practices, and structure of state and local public authorities. Since the ABO’s first report, issued July 1, 2007, the number of state and local authorities subject to the reporting and governance provisions of the Public Authorities Accountability Act and the 2009 Public Authorities Reform Act has more than doubled from 281 to 574. This net increase is almost exclusively attributable to the ABO’s persistent effort to identify and subject to reporting not-for-profit corporations created, sponsored by, or affiliated with local governments throughout the state. At the same time, the ABO has worked with the Governor’s Office, the Legislature, municipal officials and officers and representatives of public authorities to officially dissolve approximately 150 state and local authorities determined to be inactive, defunct, or otherwise no longer performing the purpose for which they were created. Legislation that would dissolve an additional 46 authorities is pending in the Legislature. In prior annual reports, the ABO has focused on financial transactions and activities that occurred during the year covered by the report. While the 2013 Annual Report continues this practice, the comprehensive database (PARIS) that the ABO has compiled allows the ABO to provide the public with an historical record of the finances and activities of public authorities. Accordingly, this report presents changes in public authority spending, outstanding debt, and other financial practices over the last five years, as well as information on the cumulative impact of financial assistance and tax abatements approved by industrial development agencies. The ABO will issue a separate supplemental report on the financial transactions and activities of not-for-profit local authorities. Some of the key findings presented in this report include: • State authority operating expenses increased from $26.2 billion in the fiscal year ending in 2008 to $28.4 billion for fiscal year ending in 2012 (audited financial information for the Nassau Health Care Corporation was not reported to the ABO at the time of this report). This is an 8.5 percent increase in total spending. However, the change in spending by state authorities would total 10.5 percent if Nassau Health Care Corporation operating expenses in 2012 equaled that of 2011. Over the same five year period, total state expenditures from governmental funds increased 10.2 percent (Source: OSC “State of New York Comprehensive Annual Financial Report”). Essentially, operating expenses by state authorities tracked closely to state government spending over the past five years. Outstanding debt reported by state authorities rose from $127.5 billion to $151.1 billion or 18.6 percent between 2008 and 2012. Total state government debt rose by 14.8 percent to $58.1 billion during this period, and by 10.6 percent for outstanding government activity debt. Of this

STATE OF NEW YORK

Authorities Budget Office
P O Box 2076 Albany, NY 12220-0076
WWW.ABO.NY.GOV

E-mail address: Info@abo.ny.gov

Local:518-474-1932 Toll Free: 1-800-560-1770

total, the percentage of outstanding debt issued by state authorities for their own purposes declined from 40.8 percent to 27.3 percent. Outstanding state authority debt issued at the direction of the state for state purposes increased from 34.9 percent of the total to 38.9 percent, and the percentage of outstanding state authority debt issued on behalf of third parties rose from 24.3 percent in 2008 to 33.8 percent in 20128. • The debt outstanding for local authorities (other), as reported to the ABO, rose from $44.6 billion in 2008 to $68.4 billion in 2012 – a 53.4 percent increase over 5 years. This increase is attributable to a $23.0 billion increase in debt reported by various New York City authorities. During this period, outstanding IDA debt, as reported, declined by 24.4 percent, from $21.7 billion to $16.4 billion. This decline is attributable, in part, to the statutory prohibition on the issuance of debt by IDAs to finance civic facility projects, which took effect in 2008. As a result, IDA financial assistance to approved projects is increasingly in the form of property and sales tax abatements rather than tax exempt bond financing. Conversely, debt issued by not-for-profit corporations, defined as local authorities, increased from $1.5 billion to $11.5 billion between 2008 and 2012. This is further evidence that municipalities are utilizing these local authorities to issue tax exempt debt for civic facility projects. The increase is also likely attributable to an increase in the number of not-for-profit corporations defined as local authorities and improved reporting to the ABO. Eighteen authorities reported bonus programs in 2012 that awarded bonuses to more than 2,200 staff – 64 of whom received bonuses of $10,000 or more. Most individuals who received bonuses were employees of medical centers and regional transportation authorities. The 280 IDA projects which were approved in 2008 and remain active in 2012 have fallen 1,642 jobs short of the job creation commitments made at the time the projects were approved. These projects have received almost $183 million in financial assistance over the past 5 years. 149 LDCs reported issuing debt, making loans, or awarding grants at least once between 2008 and 2012. This means that 143 local development corporations, subject to ABO oversight, reported providing no financial assistance to any project during this period. This lack of reported activity raises questions concerning the role and purpose of these entities.

The ABO is continually working to improve compliance with reporting requirements and the quality of the information reported. Our mission is to make authorities more accountable and transparent. Last year the ABO formally censured the boards of directors of six authorities for repeated and chronic noncompliance with reporting requirements. This brings to 25 the number of authorities censured by the ABO in the past two years. In addition, the ABO trained more than 500 directors and executive staff in

STATE OF NEW YORK

Authorities Budget Office
P O Box 2076 Albany, NY 12220-0076
WWW.ABO.NY.GOV

E-mail address: Info@abo.ny.gov

Local:518-474-1932 Toll Free: 1-800-560-1770

2012, and has trained more than 5,800 participants over the past seven years, in an effort to improve board members’ understanding of their role, fiduciary duty, and responsibilities under the law. We encourage everyone to read the entire report carefully. Moreover, we need to reach consensus on practical ways to manage the proliferation of local authorities, and assure that the financial decisions of all public authorities are made in the public interest, safeguard public assets, and support job creation and sustained economic growth across the State. We must also examine opportunities to consolidate, eliminate, or restructure authorities, at the state and local level. We need to amend our laws to establish the legal framework within which we expect authorities to operate into the future. We also must consider better enforcement tools that will heighten compliance with statutory and ethical standards and instill trust that the decisions of public authority directors and executives are being made in the best interests of the public. This report offers a number of statutory changes and observations to advance this discussion. Although much work still needs to be done, we are seeing the positive impact of public authority reform. Through the work of the ABO, extensive information on the operations and finances of state and local authorities is currently accessible to the public on one web site. This was not the case just seven years ago. There can be no doubt that public authority transparency, reporting and accountability has improved and that citizens are better informed about the practices and finances of these public corporations. The ABO is prepared to work with all elected officials and other interested and concerned parties to build on our success and bring about this reformation. The ABO also must acknowledge the important and continuing contributions, guidance and expertise offered by Ira Millstein and members of the Task Force on the Implementation of Public Authorities Reform. Their advice and support is invaluable to our success.

David Kidera Director

Table of Contents
Introduction .................................................................................................................................................. 1 Responsibilities of the Authorities Budget Office ......................................................................................... 1 State and Local Authorities in New York....................................................................................................... 2 Policy Guidance and Recommended Practices ............................................................................................. 3 Compliance Reviews ..................................................................................................................................... 4 ABO Enforcement Powers............................................................................................................................. 7 Public Authorities Data Reporting 2008 - 2012 ........................................................................................... 9 Authority Operating Expenses ........................................................................................................ 9 Authority Debt Outstanding ......................................................................................................... 13 Authority Staffing Information ..................................................................................................... 20 IDA Projects................................................................................................................................... 25 LDC Loans and Grants ................................................................................................................... 28 Policy Recommendations and Statutory Amendments .............................................................................. 30 Appendix 1: Public Authorities That Have Failed to File Required Reports in PARIS.................................. A1 Appendix 2: Task Force on the Implementation of the 2009 Public Authorities Reform Act .................... A6

2013 Annual Report on Public Authorities in New York State

Introduction
The Authorities Budget Office (ABO) was first created in unconsolidated law as the Authority Budget Office with enactment of the Public Authorities Accountability Act of 2005 (PAAA). The ABO was reestablished as an independent office in Title 2 of Public Authorities Law when the 2009 Public Authorities Reform Act (PARA) took effect on March 1, 2010. From its inception, the ABO’s mission has been to make public authorities more accountable and transparent and to act in ways consistent with their governing statutes and public purpose. The ABO carries out its mission by: collecting, analyzing and disseminating to the public information on the finances and operations of state and local public authorities; conducting reviews to assess the operating and governance practices of public authorities and compliance with state laws; promoting good governance principles through training, policy guidance, the issuance of best practice recommendations, and assistance to staff and board members; and investigating complaints made against public authorities for noncompliance or inappropriate conduct. Consistent with this public purpose, and pursuant to Section 7 of Title 2 of Public Authorities Law, the ABO also issues an annual report containing its conclusions, assessments and opinions on the performance of state and local authorities. The 2013 Annual Report on Public Authorities in New York State is the seventh annual report released by the Authorities Budget Office.

Responsibilities of the Authorities Budget Office
The ABO’s powers and duties include collecting and analyzing financial and program information, exercising oversight of public entities, and enforcing statutory requirements through its ability to sanction boards of directors and conduct investigations. No other office in the country has a similar centralized mission, including oversight of such a diverse system of more than 570 state and local public authorities. The 2009 Public Authorities Reform Act provided the ABO with added enforcement powers to more effectively carry out these duties and responsibilities. Key additional powers include the authority to: • • • • • Promulgate regulations necessary to effectuate the purposes of the Act. Make recommendations to the Governor and the Legislature concerning changes in the terms of office of board members. Initiate investigations and act upon complaints received concerning the lack of compliance by state or local authorities with statutory requirements. Issue subpoenas in conjunction with such investigations. Conduct examinations of the books, records, acts and practices of public authorities. 1

2013 Annual Report on Public Authorities in New York State • • Publicly warn and censure authorities for non-compliance with the law and establish guidelines governing such actions. Recommend the suspension or dismissal of officers or directors who fail to act in accordance with the law, their oath, or their fiduciary duty.

The ABO is headed by a Director, appointed by the Governor and confirmed by the State Senate. The Director serves a fixed four year term to protect and assure the independence of the Office and can only be removed for reasons of permanent disability, inefficiency, neglect of duty, malfeasance, illegal or inappropriate conduct, or a breach of fiduciary duty. The ABO continues to work with and rely on the guidance and corporate governance expertise of Ira Millstein, Chairman, and the Task Force on the implementation of public authority reform.

State and Local Authorities in New York
New York State has a complex, overlapping and expanding system of public benefit and not-for-profit corporations that are formed to achieve public or quasi-public objectives, including financing, building, and managing public projects or improving a variety of governmental functions. Today, the enforcement and oversight powers of the Authorities Budget Office extend to 574 state and local authorities. This is an increase of 293 since July 1, 2007, when the ABO issued its first annual report. The current inventory of covered authorities includes: • • 45 state authorities 529 local authorities  112 IDAs  292 not-for-profit corporations affiliated with, sponsored, or created by a local government  46 urban renewal or community development agencies  28 water, water finance, and water and sewer authorities  11 solid waste and resource recovery authorities  8 parking authorities  3 airport authorities  8 land banks  21 miscellaneous authorities Note: The inventory count changes throughout the year as authorities are created or dissolved. 2

2013 Annual Report on Public Authorities in New York State

Based on information reported to the ABO, operating expenses for state authorities was more than $28 billion in 2012. This is an 8.5 percent increase in State authorities spending compared to 2008 (not adjusted to reflect the delinquent reporting of the Nassau Health Care Corporation). During this same five year period, New York State government spending increased nearly 17 percent. Total expenditures from governmental funds increased 10.2 percent (Source: OSC “State of New York Comprehensive Annual Financial Report”). Local authorities reported operating expenditures of $13.1 billion in 2012, up from $1.4 billion reported in 2008. This increase is attributable to significant increases in operating expenses reported by several New York City public authorities (and likely better data). In 2008, state authorities ended the year with $127.5 billion in indebtedness. State authorities ended 2012 with $151.1 billion in outstanding debt, of which $58.7 billion was issued at the direction of the State or backed by its moral obligation or direct appropriations. This is a $6.6 billion increase over 2011 end of year reported debt totals. Only $41.3 billion, or 27.3 percent of outstanding state authority debt, was incurred by a state authority to support its own capital or program needs. Outstanding debt of local authorities totals over $96.0 billion. This represents an increase of approximately $5 billion from 2011 debt levels.

Policy Guidance and Recommended Practices
The ABO issued the following recommended practice to assist state and local authority directors and officers implement a policy governing the use of an authority’s discretionary funds. Written Policies Governing the Use of Authority Discretionary Funds. Boards of directors and authority management have an obligation to authorize the expenditure of funds only for purposes that relate to and support the mission of the authority. The fiduciary duty of the board includes adopting policies that safeguard the assets and resources of the authority and protect against the use of funds for purposes that do not advance its core purpose and objectives. It is particularly important for the board to develop a policy on the proper use of authority discretionary funds that clarifies for all employees what would and would not be considered appropriate expenditures. In its legal opinion #2007-F4, the Office of the Attorney General determined that the expenditure of authority funds must relate directly to an enumerated power, duty or purpose of the authority. The funds of an authority may not be spent to benefit the private or personal interests of directors, management or staff. This recommended policy is available at: http://www.abo.ny.gov/recommendedpractices/WrittenPoliciesGoverningTheProperUseOfAuthorityFu nds.pdf 3

2013 Annual Report on Public Authorities in New York State

Compliance Reviews
The ABO issued three new compliance and operational reviews in 2011-12, in addition to a follow-up report on a review originally done in 2009. There are also two compliance reviews in progress which were not completed in time for inclusion in this annual report. Niagara Frontier Transportation Authority (NFTA) Our review found that NFTA adopted a series of cost saving measures to manage its deficit and control operating costs. However, we also identified several areas where NFTA could further improve operations, achieve additional cost savings, and maximize available revenues not currently being realized. If fully implemented, our recommendations could result in significant annual operating savings and could generate $3.3 million in new revenue. Furthermore, these recommendations could be implemented without compromising the core mission and functions of NFTA. We found that as many as 165 employees (over 10 percent of the total) perform functions that need not be performed by staff of the Authority to meet its mission of providing reliable, efficient and professional transportation services. The cost of these employees exceeds $13.8 million annually. For example, NFTA currently deploys approximately 85 police officers at the airports and throughout the transit system, at a cost of about $10.8 million annually. We found that other upstate transportation authorities do not employ their own police officers, but instead rely upon municipal law enforcement agencies to ensure that transit riders and authority property are safe and secure. We identified instances where adjustments to existing bus routes could be made. In total, we recommended eliminating 61 individual bus trips. This represents 2 percent of NFTA’s total number of weekday bus trips (2,832). Generally, these trips serve the fewest number of riders, and require the greatest subsidies to operate. The adjustments we recommended would affect an average of 7.5 riders per trip, but generate over $600,000 in annual savings for NFTA. We also determined that NFTA could generate significant additional revenues by adjusting its college pass fees to be more comparable to the rate paid by the average transit rider; seeking private sector subsidies for the free fare zone on the light rail system or eliminating the free fare zone entirely; and eliminating or restricting the unlimited free transit rides provided to current and retired NFTA employees. Further, NFTA could receive additional revenues by improving its collection of unpaid fines. For 2011-12, NFTA’s costs to maintain and operate its three transit centers exceeded $2.4 million, yet NFTA collects only about $500,000 in rental and vendor payments. NFTA received less than $150 in revenue during fiscal year 2011-12 from two of its transit centers. This is due, in part, to NFTA’s failure to effectively enforce the terms of its vendor contracts. NFTA estimated that it was owed over $43,000 4

2013 Annual Report on Public Authorities in New York State under the contract terms, but had taken no action to evict the vendor or to obtain another vendor to provide the food and vending services. A copy of the report is available at: http://www.abo.ny.gov/reports/compliancereviews/NFTAFinalReport.pdf Empire State Plaza Performing Arts Center Operating Corporation (The “Egg”) We found that the Authority has a number of longstanding dedicated board members, but its current management structure is not working. Its financial position is weak. Its board of directors exercises limited financial oversight and governance due to consistent absenteeism and prolonged delays with filling vacancies. Its administrative costs are consuming an increasing portion of the budget, despite the adoption of cost cutting measures. The Authority has been unable to compensate for the loss of state funding and ticket sales with increased revenues from outside sources. The Authority is currently unable to reimburse the state for even a reduced share of costs absorbed by the Office of General Services (OGS) to maintain the Egg as a viable facility. We also found the Authority exercises an informal approach to management, resulting in poor controls over certain financial operations and lack of compliance with the Authority’s enabling statute and established policies. Further, we found that the Authority is taking on activities unrelated to management of the Egg. Given these issues, we recommended that the state assess whether a public authority is the necessary governance model for management of the Egg. One alternative might be to turn this responsibility over to the Office of general Services (OGS). OGS currently manages the Empire Plaza Convention Center and other facilities adjacent to the Egg, and provides maintenance and custodial support to the Egg. It sponsors a variety of publicly attended activities throughout the Empire State Plaza. A second alternative would be to turn over management and operational control of the Egg to a private venue management company. A copy of the report is available at: http://www.abo.ny.gov/reports/compliancereviews/EmpirePlazaPerformingArtsCenterFinalReport.pdf Saratoga County Water Authorities Our review found that the three water authorities in Saratoga County -- the Saratoga County Water Authority (SCWA), the Clifton Park Water Authority (CPWA), and the Wilton Water and Sewer Authority (WWSA) -- could be dissolved and the operations consolidated into a single public authority. The result should reduce overall costs through improved efficiencies and economies. We determined that up to $60,000 could be saved annually by sharing staff to provide excavation services, and a potential $10,000 could be saved annually by consolidating purchases of water treatment chemicals. We also found that over $300,000 is spent annually on common administrative costs such as independent audits,

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2013 Annual Report on Public Authorities in New York State maintaining web sites, telephones and general counsel services. These costs could be reduced by having a single authority. We also evaluated the management practices at each of the three authorities. While we did not find any significant issues at WWSA, we identified several areas for improvement at SCWA and CPWA. Based on our review, we identified numerous instances of insufficient fiscal and operational controls at SCWA. We believe that this is due in large part to the board’s reliance on part-time consultants and contractors to oversee employees and the operations of the Authority. We found that SCWA pays over $100,000 annually for consultants to provide services that are provided by employees at the other authorities, and believe that consolidating the three authorities into a single entity would reduce these costs as well as provide improved financial and managerial oversight. Our review determined that CPWA did not have any serious internal control deficiencies, but could take steps to reduce its operating costs. For example, we determined that CPWA spent over $9,500 in a three year period for items that are unnecessary for operations, such as coffee for employees. We also found that the board chairman receives a $3,000 annual stipend although such compensation is not authorized by the Authority’s enabling legislation. We also found that CPWA treats its general counsel as a part-time employee, entitled to state retirement credits, although the relationship between the Authority and the counsel is more typical of that of a consultant. Lastly, we found that CPWA needs to improve its policies addressing the use of vehicles, cell phones and pagers, and could save money by selling its underutilized vehicles. The report is available at: http://www.abo.ny.gov/reports/compliancereviews/SaratogaCountyWaterAuthoritiesFinalReport.pdf Follow-Up Review of Staffing Practices at the Syracuse Urban Renewal Agency (SURA) As a public benefit corporation SURA is a governmental agency separate and distinct from the City. Pursuant to the provisions of General Municipal Law, the URA has the independent authority to appoint employees, prescribe their duties, and fix their compensation. The ABO’s review of the Syracuse Urban Renewal Agency (URA), first issued on September 23, 2009, found that URA employees were performing work for the City of Syracuse in apparent contradiction of a legal opinion issued in 1978 by the Office of the State Comptroller (78-294-A). This opinion held that employees of an urban renewal agency may not be utilized to perform work for municipal departments, even if the services are reimbursed by the municipality. That review recommended the practice be terminated and that the City re-assess the continued need for its urban renewal agency. The report is available at: http://www.abo.ny.gov/reports/compliancereviews/SyracuseURAFinalReport.pdf

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2013 Annual Report on Public Authorities in New York State

ABO Enforcement Powers
Enforcement Process Authorities failing to file a budget report, annual report, or audit report in PARIS are subject to ABO enforcement action. A detailed explanation of the ABO’s enforcement process is found in ABO Policy Guidance No. 11-02, available on the ABO website at http://www.abo.ny.gov/policyguidance/1102EnforcementPowersofTheAuthoritiesBudgetOffice.pdf. The ABO has the statutory power to “publicly warn and censure authorities for non-compliance” with the governance and reporting requirements of Public Authorities Law. Authorities that fail to fulfill their reporting requirements are placed on a public list of delinquent authorities. This list is published on the ABO website in January and July and serves as an official warning of non-compliance. The publication of this Annual Report constitutes an official warning to authorities which appear in Appendix I. If an authority is repeatedly delinquent with its reports, the ABO may exercise its power to compel noncompliant authorities to offer an explanation of its failure to comply. Should the board of an authority not respond, or not follow through with assurances to comply, the ABO, pursuant to its powers under Section 6(2)(f) of Public Authorities Law may send an official letter of censure to the board of directors. The censure letter is made part of the public record and disclosure of this censure letter may be required by federal securities law, should the authority finance debt in the future. In the past year the ABO censured the board members of six authorities for persistent failure to comply with the governance and reporting requirements of the Public Authorities Law. The six authorities that received censure letters in the past 12 months are: • • • • • • Bronx Overall Economic Development Corporation Clifton Park IDA Economic Development Fund The Water Authority of Southeastern Nassau County Town of Dewitt Local Development Corporation Village of Valatie Local Development Corporation Village of Waterford Local Development Corporation

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2013 Annual Report on Public Authorities in New York State Enforcement Results While the ABO enforcement process is a lengthy process, it has resulted in many delinquent authorities achieving compliance with reporting obligations under Public Authorities Law. For example, on July 1, 2012, the ABO published a list of 146 authorities that had failed to file annual reports for 2011. One year later, 99 of these 146 authorities had filed the report and come into compliance. A number of the remaining authorities responded that they were exploring the option to dissolve or were in the process of dissolving. Others indicated that they were in the formation stage during the reporting period and not fully active, but have since submitted reports for subsequent years. Since 2011, the ABO has censured the boards of directors of 25 local authorities. Fourteen (14) have come into compliance or are making a good-faith effort to comply, and five have indicated an intent to dissolve. Despite the efforts of the ABO, six censured local authorities continue to disregard their legal responsibilities in providing the public with information of their activities. The continued lack of transparency exhibited by these authorities should be a matter of public and legislative concern. The six authorities that remain chronically out of compliance with state law are: • • • • • • The Water Authority of Southeastern Nassau County The Town of Dewitt Local Development Corporation The Village of Waterford Local Development Corporation The Suffolk County Judicial Facilities Agency The Local Development Corporation of Laurelton, Rosedale, and Springfield Gardens The Village of St. Johnsville Urban Renewal Agency

Although the process the ABO has followed to encourage compliance has worked in some cases, the ABO needs stronger enforcement tools to induce recalcitrant public authorities into compliance.

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2013 Annual Report on Public Authorities in New York State

Public Authorities Data Reporting 2008 - 2012
The data presented in the following tables is as reported by public authorities. While the ABO attempts to identify significant data discrepancies, it cannot verify the accuracy of all of the information reported. The ABO does not alter, amend, or correct any information that is submitted to it by a state or local authority. Authority Operating Expenses As the table below indicates, state authority spending rose 9.5 percent between 2008 and 2011. Spending between 2008 and 2012 grew approximately 8.5 percent, but this does not account for unreported expenditure data from the Nassau Health Care Corporation (NHCC) and the Agriculture and New York State Horse Breeding Development Fund. If the NHCC maintained spending in 2012 at 2011 levels, overall state authority operating expenses would have increased approximately 10.5 percent since 2008. During this period, state government operating expenses rose 10.2 percent for governmental funds, as reported by the Office of the State Comptroller in its Comprehensive Annual Financial Report. State Authority Operating Expenses 2008 – 2012 ($ millions)
Authority Name 2008 Amount
15.65 39.36 1.27 76.34 77.89 16.75 1,852.78 2.05 522.03 0.49 396.72 37.84 17.00 7.86 3,356.00 12,323.00 0.03 1.12 536.95 0.38 137.87 9.20 227.38 47.29 34.50 254.26 409.72 40.33 13.64 676.32

2009 Amount
17.96 47.87 1.07 88.58 82.85 17.92 1,981.10 2.23 535.66 0.49 433.71 1.32 20.78 8.38 2,975.33 12,501.00 1.18 532.11 0.76 134.02 16.55 237.71 1.93 31.91 306.54 239.35 42.08 12.60 701.81

2010 Amount
19.94 41.64 0.81 93.42 81.71 18.04 2,013.40 2.24 615.63 0.44 402.73 35.49 14.76 20.37 8.11 3,584.35 12,709.00 1.40 509.71 1.05 112.65 19.55 13.29 235.01 2.07 39.04 399.89 259.41 42.77 11.39 716.14

2011 Amount
18.57 40.59 0.76 88.91 81.49 16.83 2,190.77 2.05 675.87 0.42 424.90 45.00 16.16 20.87 7.82 3,504.45 13,710.00 0.05 1.31 524.76 1.05 126.96 10.37 8.06 248.91 2.08 42.72 459.42 199.59 39.79 10.94 759.62

2012 Amount
42.42 0.83 94.19 81.13 17.06 2,155.70 1.71 600.73 0.47 451.03 41.21 21.58 22.17 9.01 3,925.95 13,962.00 0.05 1.27 1.05 123.68 1.88 6.34 250.52 2.04 48.82 532.29 171.04 39.93 16.68 783.50

Percent Change 2008-2012
7.78% -34.38% 23.38% 4.16% 1.87% 16.35% -16.34% 15.08% -3.67% 13.69% 8.91% 30.35% 14.62% 16.98% 13.30% 60.80% 13.97% 175.06% -10.29% -31.12% 10.17% -95.68% 41.52% 109.35% -58.25% -1.01% 22.30% 15.85%

Agriculture and NYS Horse Breeding Development Fund Battery Park City Authority Buffalo Fiscal Stability Authority Capital District Transportation Authority Central New York Regional Transportation Authority Development Authority of the North Country Dormitory Authority of the State of New York Empire State Plaza Performing Arts Center Operating Corp. Environmental Facilities Corp. Erie County Fiscal Stability Authority Erie County Medical Center Corp. Homeless Housing Assistance Corp. Housing Trust Fund Corp. Hudson River Park Trust Hudson River-Black River Regulating District Long Island Power Authority Metropolitan Transportation Authority Municipal Assistance Corp. for the City of Troy Nassau County Interim Finance Authority Nassau Health Care Corp. Natural Heritage Trust New York Convention Center Operating Corp. New York Job Development Authority New York Local Government Assistance Corp. Niagara Frontier Transportation Authority NYS Affordable Housing Corp. NYS Bridge Authority NYS Energy Research and Development Authority NYS Housing Finance Agency NYS Olympic Regional Development Authority NYS Thoroughbred Breeding Development Fund NYS Thruway Authority

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2013 Annual Report on Public Authorities in New York State
Authority Name 2008 Amount
764.59 5.39 2.55 2,874.00 83.87 18.10 407.23 47.67 1.93 3.98 37.61 835.80 26,214.74

2009 Amount
958.44 6.40 2.58 2,309.00 87.34 19.84 439.73 77.80 1.72 0.49 28.22 863.90 25,770.23

2010 Amount
969.27 5.75 3.36 2,289.00 87.55 19.84 455.70 63.80 2.31 0.78 24.49 873.23 26,820.53

2011 Amount
1,516.92 6.10 3.69 2,373.00 84.20 18.60 479.62 53.42 4.00 0.70 24.63 858.81 28,704.77

2012 Amount
1,102.11 6.26 3.80 2,354.00 92.26 21.29 499.85 55.57 4.07 1.15 25.77 874.55 28,446.95

Percent Change 2008-2012
44.14% 16.21% 49.15% -18.09% 10.00% 17.64% 22.74% 16.56% 110.40% -71.10% -31.47% 4.64% 8.52%

NYS Urban Development Corp. Ogdensburg Bridge and Port Authority Port of Oswego Authority Power Authority of the State of New York Rochester-Genesee Regional Transportation Authority Roosevelt Island Operating Corp. Roswell Park Cancer Institute Corp. State of New York Mortgage Agency State of New York Municipal Bond Bank Agency Tobacco Settlement Financing Corp. United Nations Development Corp. Westchester County Health Care Corp. Total

Given the inconsistent reporting by local authorities over the past five years, it is difficult to do meaningful comparative analysis of the changes in operating expenses incurred by local authorities, as a group, during this period. What the table below does show is that the reported $11.7 billion increase in local authority operating costs is associated with significantly higher operating expenses being reported by the New York City (NYC) Health and Hospitals Corporation and the NYC Transitional Finance Authority, and by the fact that the NYC School Construction Authority and the NYC Water Board filed reports in 2012 but not in 2008. These authorities, alone, account for all the net change in operating expenses reported. Eleven authorities reported a decrease in operating expenses during this period. Local Authority (Other) Operating Expenses 2008 – 2012, excluding URAs/CDAs ($ millions)
Authority Name
Albany Convention Center Authority Albany County Airport Authority Albany Municipal Water Finance Authority Albany Parking Authority Albany Port District Commission Albany Water Board American Museum of Natural History Planetarium Authority Buffalo Municipal Water Finance Authority Buffalo Sewer Authority Buffalo Water Board Cayuga County Water and Sewer Authority Central New York Regional Market Authority Chautauqua, Cattaraugus, Allegany and Steuben Southern Tier Extension Railroad Authority Clifton Park Water Authority Clifton-Fine Health Care Corporation Dutchess County Resource Recovery Agency Dutchess County Water and Wastewater Authority Eastern Rensselaer County Solid Waste Management Authority Erie County Water Authority Franklin County Solid Waste Management Authority Genesee Valley Regional Market Authority Greater Rochester Sports Authority Green Island Power Authority Islip Resource Recovery Authority Livingston County Water and Sewer Authority Monroe County Airport Authority Monroe County Water Authority Montgomery, Otsego, Schoharie Solid Waste Management Authority Nassau County Bridge Authority Nassau County Sewer and Storm Water Finance Authority New York City Health and Hospitals Corporation 1.27 1.20 3.70 6.62 18.88 5.32 0.79 45.83 8.80 1.24 0.02 4.89 37.30 3.04 22.73 43.96 9.96 5.17 6.23 1.40 1.25 3.73 6.80 18.55 5.61 0.79 46.43 9.37 1.22 0.02 4.37 36.14 3.75 23.48 43.73 10.66 5.66 59.73 6,562.46 50.13 8.83 1.46 0.02 3.99 33.67 3.88 25.93 46.39 9.96 5.75 62.55 7,090.77 37.44

2008 Amount
0.44 47.86 0.06 4.33 4.24 22.51

2009 Amount
0.40 43.69 0.05 5.05 4.00 21.66 2.89 0.65 43.76

2010 Amount
0.45 43.47 0.05 4.53 4.18 18.38 3.15 43.92 26.19 1.08 1.30 1.25 4.04 7.11 18.73 5.30

2011 Amount
0.54 46.08 0.05 4.80 4.55 23.19 3.11 0.63 51.25 25.40 1.08 1.39 1.27 4.15 7.37 18.79 5.57 0.78 50.34 10.67 1.59 0.02 3.97 34.76 3.97 24.83 48.53 10.23 5.97 66.73 7,325.62

2012 Amount
0.52 44.34 3.70 4.72 3.06 0.61 47.91

1.40 1.23 4.22 18.99 5.88 0.72 52.05 11.35 1.70 0.02 3.83 38.95 3.72 24.74 50.02 9.01 6.38 7,460.98

10

2013 Annual Report on Public Authorities in New York State
Authority Name
New York City Housing Development Corporation New York City Municipal Water Finance Authority New York City School Construction Authority New York City Transitional Finance Authority New York City Water Board Niagara Falls Water Board North Hempstead Solid Waste Management Authority Nyack Parking Authority Oneida County Sports Facility Authority Oneida-Herkimer Solid Waste Management Authority Onondaga County Resource Recovery Agency Onondaga County Water Authority Orange County Water Authority Rensselaer County Water and Sewer Authority Rockland County Solid Waste Management Authority Saratoga County Water Authority Saratoga Springs City Center Authority Schenectady Metroplex Development Authority Suffern Parking Authority Suffolk County Judicial Facilities Agency Suffolk County Water Authority Trust for Cultural Resources of the City of New York Trust for Cultural Resources of the County of Onondaga Ulster County Resource Recovery Agency Upper Mohawk Valley Memorial Auditorium Authority Upper Mohawk Valley Regional Water Board Water Authority of Great Neck North Water Authority of Western Nassau County Wayne County Water and Sewer Authority Western Finger Lakes Solid Waste Management Authority(1) Wilton Water and Sewer Authority Yonkers Parking Authority Total 11.93 5.95 8.69 5.23 1.94 1.30 5.04 1,427.05 11.93 6.08 8.84 6.78 1.70 1.07 5.23 10,211.83 1.20 4.47 13,840.66 1.24 5.07 14,115.54 13,115.23 12.54 0.04 17.73 37.31 28.43 1.41 0.01 27.00 1.13 0.96 0.22 1.52 132.40 0.06 18.08 34.16 29.05 0.53 0.01 38.65 1.16 0.89 0.27 1.00 139.68 7.72 0.01 11.81 21.64 14.28 421.37

2008 Amount
261.57 63.62

2009 Amount
176.97 60.34 455.39 19.86 2,170.92 22.41 13.92

2010 Amount
182.01 65.90 151.03 3,158.84 2,392.71 22.46 15.93 1.36 0.04 18.65 33.51 30.79 0.48 0.06 39.51 3.66 1.17 0.87 0.26 0.03 134.84 8.66 0.09 12.94 0.95 11.96 5.92 8.74 5.15

2011 Amount
186.61 68.36 155.11 3,487.01 2,075.07 16.63 0.45 0.05 19.12 34.20 33.87 0.60 0.21 40.42 4.67 1.46 0.92 0.41 141.39 8.04 0.07 13.85 0.93 12.47 6.08 8.89 5.16

2012 Amount
203.05 79.05 133.74 2,352.12 2,177.17

0.66 0.06 18.36 34.72 35.09 0.49 0.29 41.51 5.76 1.42 0.96 0.29 152.53 6.64 0.05 12.30 0.94 13.72 5.57 9.17 5.19

The Western Finger Lakes Solid Waste Management Authority has indicated that it has been inactive for several years, and legislation has been proposed to dissolve the authority.

(1)

Since Industrial Development Agencies (IDAs) are dependent on project fees to generate revenues, their operating expenses may fluctuate year-to-year depending on the number of new projects approved in the past year. While the overall change in IDA operating expenses is relatively minor between 2008 and 2012, there are significant fluctuations in annual operating expenses in the intervening years. IDA Operating Expenses 2008 – 2012 ($ millions)
Authority Name
Albany City IDA Albany County IDA Allegany IDA Amherst IDA Amsterdam IDA Auburn IDA Babylon IDA Bethlehem IDA Brookhaven IDA Broome IDA Cattaraugus IDA Cayuga IDA Champlain IDA Chautauqua IDA Chemung IDA

2008 Amount
0.24 0.09 0.14 0.76 0.55 1.02 1.04 0.10 3.95 1.49 0.27 0.06 0.01 1.46 0.53

2009 Amount
0.29 0.09 0.10 0.75 0.36 0.98 0.82 0.09 0.22 1.10 0.18 0.14 0.01 1.14 0.53

2010 Amount
0.08 0.09 0.17 0.70 0.46 0.95 0.73 0.05 0.33 1.09 0.19 0.21 0.00 1.52 0.82

2011 Amount
0.10 0.11 0.19 0.85 0.37 0.98 0.67 0.08 0.24 1.71 0.21 0.50 0.00 1.23 0.62

2012 Amount
0.31 0.07 0.15 0.81 0.35 1.53 0.74 0.11 0.43 1.79 0.22 0.33 0.00 1.22 0.83

11

2013 Annual Report on Public Authorities in New York State
Authority Name
Chenango IDA City of Rensselaer IDA City of Schenectady IDA City of Utica IDA Clarence IDA Clifton Park IDA Clinton County IDA Cohoes IDA Colonie IDA Columbia IDA Concord IDA Corinth IDA Cortland IDA Delaware County IDA Dunkirk IDA Dutchess County IDA Erie County IDA Essex County IDA Fairport IDA Franklin County IDA Fulton County IDA Genesee County IDA Geneva IDA Glen Cove IDA Glens Falls IDA Green Island IDA Greene County IDA Guilderland IDA Hamburg IDA Hamilton County IDA Hempstead IDA Herkimer IDA Hornell IDA Hudson IDA Islip IDA Jefferson IDA Lancaster IDA Lewis County IDA Livingston County IDA Madison County IDA Mechanicville-Stillwater IDA Middletown IDA Monroe IDA Montgomery County IDA Mount Pleasant IDA Mount Vernon IDA Nassau County IDA New Rochelle IDA New York City IDA Newburgh IDA Niagara County IDA Niagara Town IDA North Greenbush IDA Oneida County IDA Onondaga County IDA Ontario County IDA Orange County IDA Orleans County IDA Oswego County IDA Otsego County IDA Peekskill IDA Port Chester IDA Port Jervis IDA Poughkeepsie IDA Putnam County IDA Rensselaer County IDA

2008 Amount
0.25 0.00 0.05 0.44 0.05 0.02 2.16 0.01 0.09 0.04 0.01 0.00 0.32 0.04 0.06 2.47 0.43 0.44 0.98 0.04 1.58 0.77 0.25 0.05 0.19 1.53 0.02 0.11 0.08 0.71 0.31 0.85 0.46 0.13 0.87 0.14 0.12 0.08 0.22 0.02 0.08 0.95 1.54 0.00 0.21 2.21 0.12 6.36 0.23 1.69 0.03 0.00 0.39 7.67 0.68 0.20 0.41 0.96 0.23 0.06 0.01 0.01 0.06 0.85

2009 Amount
0.11 0.00 0.05 0.18 0.06 0.03 0.04 0.02 0.17 0.04 0.01 0.01 0.07 0.16 0.00 0.08 3.57 0.40 0.44 0.93 0.04 0.94 0.51 0.49 0.01 0.15 1.70 0.01 0.11 0.06 0.78 0.33 0.86 0.02 0.26 0.81 0.20 0.14 0.09 0.27 0.00 0.07 0.87 0.17 0.00 0.29 1.87 0.13 6.43 0.13 1.47 0.01 0.01 0.15 0.74 0.37 0.34 0.12 0.02 0.02 0.01 0.06 1.05

2010 Amount
0.13 0.00 0.06 0.22 0.08 0.02 0.01 0.01 0.19 0.04 0.01 0.01 0.04 0.11 0.06 3.02 0.36 0.48 1.19 0.04 0.93 0.83 0.24 0.11 0.14 1.28 0.01 0.20 0.08 0.84 0.33 0.80 0.02 0.31 0.67 0.11 0.16 1.36 0.29 0.00 0.03 0.89 0.38 0.00 0.49 1.57 0.12 6.30 0.17 1.61 0.01 0.03 0.17 0.79 0.68 0.40 0.34 0.08 0.09 0.03 0.01 0.06 1.72

2011 Amount
0.13 0.06 0.20 0.06 0.08 0.96 0.01 0.03 0.01 0.05 0.13 0.26 2.94 0.38 0.45 0.82 0.05 1.15 0.40 0.26 0.09 0.14 1.07 0.01 0.14 0.15 0.91 0.36 0.76 0.01 0.22 1.88 0.09 0.89 0.03 0.28 0.02 0.01 0.95 0.07 0.00 1.42 0.12 8.11 0.21 1.58 0.02 0.19 0.19 7.90 0.77 1.06 0.35 0.42 0.04 0.10 0.06 0.07 1.29

2012 Amount
0.13 0.09 0.05 0.04 0.72 0.02 0.33 0.04 0.01 0.02

2.40 0.34 0.41 0.50 0.05 1.20 0.34 6.81 0.10 0.11 0.71 0.01 0.13 0.10 1.03 0.34 0.67 0.22 1.53 0.09 0.10 0.09 0.29 0.00 0.96 0.07 0.00 2.00 6.30 0.22 1.87 0.02 0.07 0.18 10.56 0.84 1.16 0.34 0.73 0.03 0.19 0.01 0.07 1.33

12

2013 Annual Report on Public Authorities in New York State
Authority Name
Riverhead IDA Rockland County IDA Salamanca IDA Saratoga County IDA Schenectady County IDA Schoharie County IDA Schuyler County IDA Seneca County IDA Southeast IDA St. Lawrence County IDA Steuben County IDA Suffolk County IDA Sullivan County IDA Syracuse IDA Tioga County IDA Tompkins County IDA Town of Erwin IDA Town of Lockport IDA Town of Malone IDA Town of Montgomery IDA Town of Waterford IDA Troy IDA Ulster County IDA Village of Groton IDA Wallkill IDA Warren and Washington Counties IDA Wayne County IDA Westchester County IDA Wyoming County IDA Yates County IDA Yonkers IDA Total

2008 Amount
0.17 0.13 1.18 0.06 0.03 0.13 0.07 0.52 0.00 0.56 0.55 0.62 0.39 5.16 0.30 0.34 0.05 0.07 0.06 0.01 0.01 0.11 0.20 0.01 0.02 0.31 0.69 0.77 0.20 0.58 1.49 67.84

2009 Amount
0.10 0.12 1.15 0.18 0.07 0.09 0.05 0.60 0.01 0.49 0.32 0.55 0.44 8.22 0.32 0.42 0.10 0.01 0.00 0.01 0.12 0.21 0.00 0.00 0.36 0.64 0.96 0.42 0.57 1.94 53.74

2010 Amount
0.17 0.12 1.02 0.41 0.06 0.17 0.03 0.59 0.00 0.89 0.43 0.64 0.50 4.55 0.41 0.38 0.03 0.14 0.02 0.01 0.12 0.15 0.11 0.00 0.00 0.28 0.70 0.83 0.24 0.58 2.15 53.90

2011 Amount
0.18 0.11 1.00 0.18 0.13 0.08 0.03 0.58 0.00 0.93 0.49 0.60 0.49 1.55 1.39 0.32 0.03 0.07 0.01 0.01 0.10 0.11 0.00 0.00 0.25 0.48 1.01 0.26 0.61 0.89 60.16

2012 Amount
0.19 0.16 0.54 0.18 0.02 0.07 0.09 0.56 0.00 1.11 0.45 0.42 1.68 1.65 0.32 0.06 0.11 0.02 0.01 0.10 0.12 0.00 0.00 0.13 0.81 0.93 0.23 0.56 0.78 66.14

Authority Debt Outstanding State authorities ended the 2012 reporting year with approximately $151.1 billion in outstanding debt. Of that amount, $58.7 billion was outstanding state debt, originally issued at the direction of New York State or backed by its moral obligation or direct appropriations. State debt constitutes 38.9 percent of the total outstanding state authority debt. As a proportion of the total, this is an increase from the 2011 percentage of 36.7 percent, and significantly above the 34.9 percent level of 2008. Outstanding state authority debt issued to finance the capital needs and purposes of these authorities, and retired using the revenue streams of the authorities and not General Fund dollars, totaled $41.3 billion, or 27 percent of the total. In 2011, debt issued by state authorities for their own purposes was 39 percent of all outstanding debt, and in 2008 this percentage was 40.8 percent. Outstanding debt originally issued on behalf of third parties was $51 billion in 2012, or nearly 34 percent of all outstanding debt. In 2008 and 2011, this conduit debt, for which neither the state nor the issuing authority has any financial liability, comprised 24.3 percent of outstanding state authority debt. What these numbers illustrate is that state authorities are issuing less debt for their own purposes, as a percentage of total outstanding debt, and being used increasingly more often to issue debt on behalf of state government and other third parties.

13

2013 Annual Report on Public Authorities in New York State State Authority Debt Outstanding 2008 – 2012 ($ millions)
Authority Name
Battery Park City Authority Buffalo Fiscal Stability Authority Central New York Regional Transportation Authority Development Authority of the North Country Dormitory Authority of the State of New York Environmental Facilities Corporation Erie County Fiscal Stability Authority Erie County Medical Center Corporation Long Island Power Authority Metropolitan Transportation Authority Municipal Assistance Corporation for the City of Troy Nassau County Interim Finance Authority Nassau Health Care Corporation New York Job Development Authority New York Local Government Assistance Corporation New York State Bridge Authority New York State Energy Research and Development Authority New York State Housing Finance Agency New York State Thruway Authority New York State Urban Development Corporation Niagara Frontier Transportation Authority Ogdensburg Bridge and Port Authority Port of Oswego Authority Power Authority of the State of New York Roswell Park Cancer Institute Corporation State of New York Mortgage Agency State of New York Municipal Bond Bank Agency Tobacco Settlement Financing Corporation United Nations Development Corporation Westchester County Health Care Corporation Total

2008 Debt Outstanding
1,041.35 143.86 0.35 31.10 35,649.71 8,090.14 101.38 6,863.88 26,590.32 59.08 1,875.08 262.12 4,021.10 58.65 3,633.25 9,113.86 12,640.20 6,824.04 191.61 8.08 0.60 2,096.27 277.37 3,237.67 493.11 3,588.06 123.03 233.81 127,249.03

2009 Debt Outstanding
1,023.41 132.85 0.30 29.58 38,238.62 8,402.16 168.93 99.31 6,856.79 28,817.26 56.09 1,752.60 261.51 3,848.49 53.26 3,628.48 9,686.11 13,724.69 7,504.80 201.08 7.88 0.52 2,013.46 265.58 3,140.52 464.98 3,256.81 113.01 226.44 133,975.48

2010 Debt Outstanding
1,092.21 121.12 0.25 26.28 41,833.61 8,638.92 246.54 97.15 6,823.15 32,147.33 52.16 1,648.19 259.09 27.75 3,638.94 47.62 3,626.74 9,722.37 14,050.68 8,475.60 203.10 7.25 0.52 1,924.66 253.58 3,515.17 736.28 3,011.90 106.82 396.63 142,731.57

2011 Debt Outstanding
1,072.87 106.76 0.19 25.26 43,628.97 8,150.71 368.36 191.54 6,835.05 32,182.02 49.16 1,528.44 256.65 5,993.40 3,330.04 38.59 3,489.59 10,136.45 14,097.06 9,195.35 190.15 5.98 2.03 1,784.14 241.17 3,209.43 737.71 2,689.81 102.16 447.85 150,086.86

2012 Debt Outstanding
1,051.42 91.24 0.13 21.25 44,493.94 8,789.98 353.37 187.29 6,783.03 31,490.03 45.58 1,379.12 6,596.45 3,118.92 122.74 3,426.14 10,785.15 14,340.47 9,221.42 187.78 5.38 0.42 1,745.95 229.47 3,032.28 629.29 2,411.21 97.36 438.65 151,075.42

The outstanding debt reported by all local authorities as of 2012, including IDAs and local development corporations, totaled $96.3 billion, a 5.4 percent increase in the level of outstanding debt reported in 2011. Local Authority (Other) Debt Outstanding 2008 – 2012, excluding URAs/CDAs ($ millions)
Authority Name
Albany County Airport Authority Albany Municipal Water Finance Authority Albany Parking Authority Albany Port District Commission American Museum of Natural History Planetarium Authority Buffalo Municipal Water Finance Authority Buffalo Sewer Authority Cayuga County Water and Sewer Authority Central New York Regional Market Authority Clifton Park Water Authority Clifton-Fine Health Care Corporation Dutchess County Resource Recovery Agency Dutchess County Water and Wastewater Authority Erie County Water Authority Franklin County Solid Waste Management Authority Green Island Power Authority Islip Resource Recovery Authority

2008 Debt Outstanding
148.42 72.22 24.57 2.29

2009 Debt Outstanding
140.31 68.62 23.27 1.94 0.57 143.01 65.90

2010 Debt Outstanding
139.06 65.16 21.91 1.57 0.57 57.34 4.02 0.61 25.77 0.30 29.46 38.97 91.90 12.68 18.32 25.93

2011 Debt Outstanding
130.49 60.03 20.43 1.30 0.57 151.78 48.39 9.48 0.58 24.69 0.30 26.38 37.38 85.69 10.18 17.67 21.40

2012 Debt Outstanding
121.75 18.37 1.15 0.57 162.22 42.12 0.55 23.58 23.15 36.01 91.70 12.38 16.97 16.59

73.31

26.83 0.17 35.17 31.62 107.81 10.26 11.99 34.06

26.84 0.39 32.38 38.31 101.59 15.09 18.95 30.16

14

2013 Annual Report on Public Authorities in New York State
Authority Name
Livingston County Water and Sewer Authority Monroe County Airport Authority Monroe County Water Authority Montgomery, Otsego, Schoharie Solid Waste Management Authority Nassau County Bridge Authority Nassau County Sewer and Storm Water Finance Authority New York City Health and Hospitals Corporation New York City Housing Development Corporation New York City Municipal Water Finance Authority New York City Transitional Finance Authority Niagara Falls Water Board North Hempstead Solid Waste Management Authority Oneida-Herkimer Solid Waste Management Authority Onondaga County Resource Recovery Agency Onondaga County Water Authority Rensselaer County Water and Sewer Authority Rockland County Solid Waste Management Authority Saratoga County Water Authority Schenectady Metroplex Development Authority Suffolk County Judicial Facilities Agency Suffolk County Water Authority Trust for Cultural Resources of the City of New York Trust for Cultural Resources of the County of Onondaga Ulster County Resource Recovery Agency Upper Mohawk Valley Memorial Auditorium Authority Upper Mohawk Valley Regional Water Board Water Authority of Great Neck North Water Authority of Western Nassau County Wayne County Water and Sewer Authority Western Finger Lakes Solid Waste Management Authority Wilton Water and Sewer Authority Yonkers Parking Authority Total

2008 Debt Outstanding
4.90 67.33 36.60 11.15 6.48 176.79 926.83 6,625.65 20,018.94 14,827.83 108.79 15.17 56.90 81.51 32.80 14.56 62.91 45.00 46.84 77.51 651.42

2009 Debt Outstanding
3.82 62.98 33.76 6.26 169.25 995.54 7,454.97 22,534.80 16,913.36 106.27 13.13 52.29 74.54 45.19 14.56 61.18 45.00 49.15 77.51 640.46 1,717.86 25.65 66.29 37.89 31.91 2.26 0.14 1.84 2.19 51,947.34

2010 Debt Outstanding
3.75 58.33 131.90 11.15 161.96 942.43 8,473.71 24,577.71 20,093.65 103.68 11.04 47.48 69.30 63.99 14.42 66.35 44.56 47.79 735.28 1,700.31 107.24 23.28 0.39 63.73 36.61 70.69 1.42 1.61 2.27 58,199.55

2011 Debt Outstanding
4.63 53.39 128.65 10.51 154.60 1,053.86 8,484.31 26,908.87 23,819.78 8.88 53.17 63.83 78.40 14.27 63.17 44.10 45.81 751.32 1,730.17 154.76 21.10 0.33 61.33 35.29 69.17 1.20 1.36 2.18 64,465.12

2012 Debt Outstanding
4.92 49.51 132.83 10.31 1,002.04 8,796.63 28,378.28 26,267.35 98.09 47.91 58.14 67.40 14.12 59.86 43.63 43.05 742.97 1,666.87 153.55 19.06 0.27 58.75 33.93 67.66 1.10

28.14 56.34 38.85 31.91 3.00 2.07 2.29 44,637.22

2.07 68,387.35

IDA Debt Outstanding 2008 – 2012 ($ millions)
Authority Name
Albany City IDA Albany County IDA Allegany IDA Amherst IDA Amsterdam IDA Auburn IDA Babylon IDA Bethlehem IDA Brookhaven IDA Broome IDA Cattaraugus IDA Cayuga IDA Champlain IDA Chautauqua IDA Chemung IDA Chenango IDA City of Rensselaer IDA City of Schenectady IDA City of Utica IDA Clarence IDA Clifton Park IDA Clinton County IDA

2008 Debt Outstanding
719.46 31.68 45.62 126.31 1.40 6.10 83.48 196.65 109.24 131.18 46.95 2.49 0.68 96.71 135.39 10.03 3.84 70.02 18.72 5.26 41.12 77.47

2009 Debt Outstanding
705.61 29.13 43.72 120.62 1.14 4.08 77.86 152.17 106.97 154.52 42.77 2.35 0.59 152.45 139.02 8.61 3.84 68.79 18.66 4.78 38.92 70.11

2010 Debt Outstanding
680.44 34.68 27.12 64.79 2.16 3.88 74.74 106.99 100.93 137.27 50.63 2.21 0.49 142.08 132.54 3.75 67.55 31.84 4.27 36.99 66.43

2011 Debt Outstanding
641.31 32.02 20.65 45.00 1.85 3.66 67.69 58.03 96.90 121.16 43.06 2.07 0.13 120.92 125.34 2.55 65.73 31.52 3.74 35.05 61.68

2012 Debt Outstanding
569.51 26.06 23.14 26.69 1.64 3.36 59.77 22.43 98.30 113.84 18.73 2.07 120.90 73.21 1.86 48.06 2.97 12.45 59.09

15

2013 Annual Report on Public Authorities in New York State
Authority Name
Cohoes IDA Colonie IDA Columbia IDA Concord IDA Corinth IDA Cortland IDA Delaware County IDA Dutchess County IDA Erie County IDA Essex County IDA Franklin County IDA Fulton County IDA Genesee County IDA Geneva IDA Glen Cove IDA Glens Falls IDA Green Island IDA Greene County IDA Guilderland IDA Hamburg IDA Hamilton County IDA Hempstead IDA Herkimer IDA Hornell IDA Hudson IDA Islip IDA Jefferson IDA Lancaster IDA Lewis County IDA Livingston County IDA Madison County IDA Mechanicville-Stillwater IDA Middletown IDA Monroe IDA Montgomery County IDA Mount Pleasant IDA Mount Vernon IDA Nassau County IDA New Rochelle IDA New York City IDA Newburgh IDA Niagara County IDA Niagara Town IDA North Greenbush IDA Oneida County IDA Onondaga County IDA Ontario County IDA Orange County IDA Orleans County IDA Oswego County IDA Otsego County IDA Peekskill IDA Port Chester IDA Port Jervis IDA Poughkeepsie IDA Putnam County IDA Rensselaer County IDA Riverhead IDA Rockland County IDA Salamanca IDA Saratoga County IDA Schenectady County IDA Schoharie County IDA Schuyler County IDA

2008 Debt Outstanding
37.08 24.70 15.73 1.61 34.61 18.04 5.48 627.86 1,134.90 76.86 36.58 13.61 19.56 62.69 19.26 22.36 14.60 0.64 14.39 16.18 0.11 446.88 41.41 1.51 65.99 15.71 56.06 15.08 204.45 9.79 543.85 36.16 77.07 33.96 951.57 81.02 9,307.93 53.02 292.19 2.62 313.93 419.09 60.36 68.18 7.49 46.20 77.78 31.07 11.58 7.35 19.98 36.41 178.21 103.01 110.19 0.39 107.74 45.17 1.77

2009 Debt Outstanding
36.74 23.80 18.43 1.51 20.46 18.79 5.18 556.03 1,337.33 76.11 31.57 11.80 23.25 61.44 18.77 22.14 14.51 0.50 12.64 12.08 0.24 377.85 39.30 1.56 75.55 13.50 51.37 14.57 203.36 9.28 518.67 40.30 69.03 52.56 918.94 74.60 10,295.00 51.83 287.74 2.53 302.53 57.22 65.67 6.58 43.75 98.43 29.10 11.18 7.28 19.84 33.30 168.17 99.54 102.32 0.54 101.22 42.40 1.64

2010 Debt Outstanding
36.39 13.26 16.67 1.44 9.49 18.38 14.00 461.54 1,296.05 72.87 29.39 10.33 22.12 60.15 18.23 21.90 14.40 0.50 11.71 2.66 0.24 366.02 37.08 1.34 72.90 11.22 46.68 13.68 199.59 8.57 485.03 38.52 60.96 42.84 855.64 72.93 10,042.67 41.09 278.68 0.00 2.42 290.14 242.35 55.35 62.73 5.23 33.60 94.00 38.47 10.84 7.28 19.53 32.11 165.84 96.08 99.08 0.46 95.80 41.04 1.49

2011 Debt Outstanding
35.02 15.70 1.37 17.95 12.59 386.01 1,521.04 40.14 27.26 9.38 20.92 58.80 14.83 21.66 14.29 0.50 10.54 3.11 0.23 317.99 34.71 1.15 54.78 10.54 44.40 1.30 12.74 195.44 7.42 434.71 36.59 52.86 772.50 53.87 8,765.11 39.45 255.80 0.00 2.30 246.70 226.41 47.91 197.17 4.12 34.30 37.08 14.57 7.15 18.28 38.93 160.40 93.51 95.52 0.42 90.54 40.70 1.65 1.35

2012 Debt Outstanding
34.35 17.75 14.70 1.36 17.51 355.81 1,586.44 21.37 19.35 8.60 18.48 57.56 11.06 21.42 14.17 0.28 6.49 1.75 263.75 27.17 0.96 90.17 9.87 37.00 0.01 11.76 161.46 0.86 511.16 31.33 44.73 584.22 7,747.57 37.71 51.53 0.00 2.19 81.64 200.40 46.48 200.06 3.75 25.04 35.96 18.48 7.08 18.19 37.31 142.73 78.13 107.95 0.53 84.53 19.19 1.53 1.20

16

2013 Annual Report on Public Authorities in New York State
Authority Name
Seneca County IDA Southeast IDA St. Lawrence County IDA Steuben County IDA Suffolk County IDA Sullivan County IDA Syracuse IDA Tioga County IDA Tompkins County IDA Town of Erwin IDA Town of Lockport IDA Town of Montgomery IDA Troy IDA Ulster County IDA Village of Sidney IDA Warren and Washington Counties IDA Wayne County IDA Westchester County IDA Wyoming County IDA Yates County IDA Yonkers IDA Total

2008 Debt Outstanding
75.08 12.25 140.94 4.54 821.43 106.39 772.57 3.25 347.10

2009 Debt Outstanding
163.57 11.13 135.92 4.41 810.21 103.29 763.85 2.68 338.67

2010 Debt Outstanding
162.28 8.00 131.98 4.27 736.47 91.81 786.97 1.88 333.78 0.70 8.07 0.00 41.35 125.77 84.26 7.02 378.53 2.48 10.43 307.98 21,196.83

2011 Debt Outstanding
164.09 6.84 109.73 0.47 682.68 31.82 745.86 1.93 323.44 8.18 0.00 34.27 106.98 74.49 6.81 376.26 2.38 8.67 247.26 19,173.93

2012 Debt Outstanding
162.44 106.64 0.43 31.07 695.40 1.10 303.30 4.16 31.88 101.81 70.25 6.58 412.47 2.28 7.44 240.79 16,394.17

359.45 148.32 103.01 7.63 457.45 5.79 16.22 308.50 21,728.68

0.00 359.37 145.32 93.70 7.21 424.30 2.56 21.09 302.08 22,227.64

LDC Debt Outstanding 2008 – 2012 ($ millions)
Authority Name
Auburn LDC Broome Tobacco Asset Securitization Corp. Buffalo and Erie County Industrial Land Development Corp. Buffalo Economic Renaissance Corp. Buffalo Urban Development Corp. Build NYC Resource Corp. Capitalize Albany Corp. Cattaraugus County Capital Resource Corp. Cayuga Tobacco Asset Securitization Corp. Chautauqua County Capital Resource Corp. Chautauqua Tobacco Asset Securitization Corp. Chemung County Capital Resource Corp. Chemung Tobacco Asset Securitization Corp. City of Albany Capital Resource Corp. City of Kingston LDC City of Peekskill LDC City of Troy Capital Resource Corp. City of Watertown LDC Clayton LDC Columbia County Capital Resource Corp. Columbia Tobacco Asset Securitization Corp. Cornell Agriculture and Food Technology Park Corp. Cortland Tobacco Asset Securitization Corp. Counties of Warren and Washington Civic Development Corp. Delaware County LDC Dobbs Ferry LDC Dutchess County LDC Dutchess Tobacco Asset Securitization Corp. Essex County Capital Resource Corp. Finger Lakes Regional Telecommunications Development Corp. Fiscal Year 2005 Securitization Corp. Franklin County Civic Development Corp. Genesee County Funding Corp.

2008 Debt Outstanding
62.68 0.09 0.26

2009 Debt Outstanding
0.29 60.12 47.83 17.10 0.26

2010 Debt Outstanding
0.24 58.90 111.58 0.26

2011 Debt Outstanding
0.17 57.56 115.30 2.56 4.53 24.03 20.14 29.03 60.96 6.27 55.40

2012 Debt Outstanding
0.09 56.14 123.83 0.26 93.46 4.21 22.05 19.88 28.50 60.70 0.05 6.24 54.97 2.12 357.81 0.20 15.67 17.53 11.27 11.06 10.86 153.49 59.52 5.96 6.20 270.24 20.55 3.70

22.38 62.23 6.63

22.18 61.46 6.63

21.91 61.21 6.39

0.30

358.81 0.18 17.01

0.18

0.18 19.60 17.01 12.31 0.98 75.44 62.53 6.46 294.25 3.87

0.18 18.71 17.53 11.48 0.94 11.70 117.11 61.10 6.16 6.34 282.39 9.90 3.79

12.79

12.31

66.27

64.11 1.72 304.16

17

2013 Annual Report on Public Authorities in New York State
2008 Debt Outstanding
16.62 0.68 1.04 12.64

Authority Name
Genesee Gateway LDC Genesee Tobacco Asset Securitization Corp. Greater Glens Falls LDC Greater Lockport Development Corp. Greece Economic Development Projects, Inc. Greene Tobacco Asset Securitization Corp. Griffiss LDC Hamburg New York Land Development Corp. Herkimer Tobacco Asset Securitization Corp. Hilton LDC Hudson Yards Infrastructure Corp. Lake City LDC Lewis County Development Corp. Livingston County Capital Resource Corp. Livingston Tobacco Asset Securitization Corp. Madison County Capital Resource Corp. Monroe County Industrial Development Corp. Monroe Newpower Corp. Monroe Security & Safety System LDC Monroe Tobacco Asset Securitization Corp. Nassau County Local Economic Assistance Corp. Nassau County Tobacco Settlement Corp. New York City Capital Resource Corp. Niagara Area Development Corp. Niagara Tobacco Asset Securitization Corp. Oneida County LDC Oneida Tobacco Asset Securitization Corp. Onondaga Civic Development Corp. Onondaga Tobacco Asset Securitization Corp. Ontario County LDC Ontario Tobacco Asset Securitization Corp. Orange County Funding Corp. Orleans Land Restoration Corp. Oswego Tobacco Asset Securitization Corp. Putnam County Economic Development Corp. Putnam Tobacco Asset Securitization Corp. Ramapo LDC Rensselaer Municipal Leasing Corp. Rensselaer Tobacco Asset Securitization Corp. Rochester Economic Development Corp. Rockland County Economic Assistance Corp. Rockland Second Tobacco Asset Securitization Corp. Rockland Tobacco Asset Securitization Corp. Schenectady County Capital Resource Corp. Schuyler County Human Services Development Corp. Schuyler Tobacco Asset Securitization Corp. Seneca Tobacco Asset Securitization Corp. Sherburne Area LDC St. Lawrence County IDA Civic Development Corp. STAR (Sales Tax Asset Receivable) Corp. Steuben Area Economic Development Corp. Steuben Tobacco Asset Securitization Corp. Suffolk County Economic Development Corp. Suffolk Tobacco Asset Securitization Corp. Sullivan County Funding Corp. Sullivan Tobacco Asset Securitization Corp. Syracuse Economic Development Corp. Tioga Tobacco Asset Securitization Corp. Tompkins County Development Corp. Tompkins Tobacco Asset Securitization Corp. Town of Amherst Development Corp. Town of Brookhaven LDC Town of Dewitt LDC Town of Hempstead LDC Town of Huntington LDC

2009 Debt Outstanding
4.49 16.36 0.54 0.99 12.41 6.98 21.01 2,000.00

2010 Debt Outstanding
11.32 16.29 0.55 0.26 1.02 13.02 20.19 21.01 2,000.00

2011 Debt Outstanding
11.04 16.25 0.22 1.16 12.09 20.59 20.10 0.27 2,000.00 0.10 3.55 13.33 33.65 515.07 27.97 59.34 226.40 73.12 420.13 173.32 14.31 38.42 6.90 77.14 162.28 121.63 29.70 23.52

2012 Debt Outstanding
10.76 16.19

21.01 -

0.88 11.99 18.39 0.85 20.03 0.26 3,000.00

14.22

13.66

29.87 230.28

29.23 227.39 420.53 134.03

4.00 13.48 33.65 286.84 28.62 59.34 226.67 420.13 132.78 62.88 6.90 82.81 119.95 123.36 29.70 26.06

3.44 13.16 86.18 536.76 27.30 58.04 225.92 343.29 145.98 37.53 6.54 77.02 319.52 119.67 31.16 23.13 98.14 0.39 14.42 17.59 25.28 39.17 0.80 9.28 5.81 70.00 67.70 5.14 3.84 99.22 1.76 110.24 2,053.66 16.77 30.51 265.06 66.09 13.78 5.45 49.15 9.70 168.57 53.53 201.93 19.60

64.89 81.25 130.72 26.05

62.88 81.57 125.36 25.85

16.21 0.01 17.94

15.09 17.85 28.98 45.16 2.01 6.89 73.26 5.32 4.38 99.37 0.29 2,252.82

15.88 17.99 27.83 45.47 1.50 6.52 72.18 15.31 5.44 4.47 99.37 0.29 22.81 2,177.90 30.62 34.66 229.62 14.53 15.38 10.86 119.10 3.98 81.08

15.19 17.67 25.00 26.59 39.95 1.16 4.47 6.19 70.98 15.31 5.29 3.90 99.34 2.01 46.43 2,116.46 30.58 226.10 228.22 70.59 14.17 15.93 14.30 41.70 9.84 143.35

73.36 5.73 4.44 100.64 0.25

31.16

30.73

14.53 15.28 11.18 15.24 11.01

4.33

4.16 81.08

194.14

18

2013 Annual Report on Public Authorities in New York State
2008 Debt Outstanding 2009 Debt Outstanding
1,273.69

Authority Name
Troy LDC TSASC, Inc. Ulster County Capital Resource Corp. Ulster County Development Corp. Ulster Tobacco Asset Securitization Corp. Upstate Telecommunications Corp. Village of Lancaster Community Development Corp. Village of Valatie LDC Warren Tobacco Asset Securitization Corp. Washington Tobacco Asset Securitization Corp. Wayne County Civic Facility Development Corp. Westchester Tobacco Asset Securitization Corp. Wyandanch Community Development Corp. Wyoming Tobacco Asset Securitization Corp. Yates County Capital Resource Corp. Yates Tobacco Asset Securitization Corp. Yonkers Economic Development Corp. Total

2010 Debt Outstanding
2.67 1,265.17 12.50 0.11 44.36 24.49

2011 Debt Outstanding
2.50 1,260.29 14.89 0.11 37.03 22.39 0.96 4.30 13.68 19.78 0.41 9.37 10.15 5.58 10,269.94

2012 Debt Outstanding
2.33 1,252.75 13.55 36.64 20.19 0.24 4.17 18.31 0.41 9.23 9.82 6.12 37.18 11,483.99

51.49 28.54

43.98 26.54

6.81 14.15 208.30 9.95 5.95 1,468.80

6.56 13.86 203.36 0.45 9.54 5.92 8,090.66

6.51 13.75 201.08 0.62 9.54 10.50 5.92 9,143.93

Debt Outstanding TOTAL by Year
in billions $
$160 $151.1 billion* $140 $120 $100 $80 $68.4 billion $60 $40 $20 $2008 2009 2010 2011 IDA LDC Local (Other) State

$16.4 billion $11.5 billion 2012

*State total does not include approximately $6 billion debt from Nassau Healthcare Corporation which has not reported for FYE 2012.

19

2013 Annual Report on Public Authorities in New York State

Authority Staffing Information State Authority Staff (number) and Total Compensation 2008 - 2012
Authority Name
Ag. and NYS Horse Breeding Development Fund Battery Park City Authority Buffalo Fiscal Stability Authority Capital District Transportation Authority Central New York Regional Transportation Authority Development Authority of the North Country Dormitory Authority of the State of New York Empire State Plaza Performing Arts Center Op. Corp. Environmental Facilities Corp. Erie County Fiscal Stability Authority Erie County Medical Center Corp. Housing Trust Fund Corp. Hudson River Park Trust Hudson River-Black River Regulating District Long Island Power Authority Metropolitan Transportation Authority Municipal Assistance Corp. for the City of Troy Nassau County Interim Finance Authority Nassau Health Care Corp. Natural Heritage Trust New York Convention Center Operating Corp. New York Local Government Assistance Corp. Niagara Frontier Transportation Authority NYS Affordable Housing Corp. NYS Bridge Authority NYS Energy Research and Development Authority NYS Housing Finance Agency NYS Olympic Regional Development Authority NYS Thoroughbred Breeding Development Fund NYS Thruway Authority NYS Urban Development Corp. Ogdensburg Bridge and Port Authority Port of Oswego Authority Power Authority of the State of New York Rochester-Genesee Regional Transportation Authority Roosevelt Island Operating Corp. Roswell Park Cancer Institute Corp. State of New York Mortgage Agency United Nations Development Corp. Westchester County Health Care Corp. Total

2008 Staff
4 60 5 609 659 54 667 33 124 4 3,649 52 31 109 71,700 2 6 4,621 64 3,181 4 1,748 45 298 231 42 948 9 4,292 419 67 12 1,600 848 148 2,331 111 17 4,730 103,534

2009 Comp.
236,500 5,085,382 343,152 26,838,795 25,070,284 2,740,912 44,260,902 540,924 8,708,148 222,910 132,532,213 3,414,553 1,626,966 10,489,015 5,050,823,339 755,435 250,838,512 2,093,288 74,018,344 76,925,452 3,013,377 11,668,678 16,798,394 3,939,917 10,466,275 647,395 179,087,515 33,589,523 1,586,069 450,654 144,165,717 32,612,426 5,339,886 139,554,482 8,222,821 1,011,854 304,388,442 6,614,108,451

2009 Staff
4 141 6 828 676 59 676 29 121 5 3,610 56 31 102 74,714 5 4,492 67 2,996 5 1,744 48 265 284 39 1,106 8 4,234 434 114 12 1,641 863 165 2,641 113 14 4,471 106,819

2009 Comp.
212,269 9,632,615 344,916 31,540,843 26,137,798 3,050,369 49,315,713 531,940 8,940,333 234,102 149,082,600 3,672,335 1,685,795 9,846,724 5,204,784,862 729,486 257,454,616 2,504,534 72,029,319 80,119,627 3,476,015 11,298,271 19,227,087 3,727,382 12,633,731 605,483 185,938,467 34,100,177 2,220,147 488,318 141,811,383 34,000,146 6,496,248 156,389,220 8,309,882 1,196,848 305,592,715 6,839,362,317

2010 Staff
2 228 5 793 679 63 645 37 127 4 3,531 33 54 27 110 73,433 5 4,643 77 2,483 18 1,713 52 265 311 39 1,113 7 4,812 359 58 12 1,609 870 165 2,492 110 14 4,233 105,231

2010 Comp.
149,500 10,440,108 356,988 32,228,582 26,810,243 3,156,801 51,737,633 592,535 9,293,455 220,256 165,302,416 1,478,303 3,489,995 1,510,830 10,192,134 5,238,824,627 715,655 295,624,485 3,054,757 61,343,168 80,827,552 4,153,323 11,608,487 23,169,406 3,908,300 11,684,883 337,031 191,769,137 29,527,693 1,600,116 488,318 143,181,762 39,605,814 6,573,064 162,402,217 8,303,637 1,212,315 304,616,605 6,941,492,132

2011 Staff
3 202 5 801 642 68 633 68 121 5 3,355 57 61 19 105 71,556 2 5 4,650 96 2,571 20 1,716 50 262 313 33 1,396 7 4,542 292 54 12 1,604 872 164 2,498 99 16 4,092 103,067

2011 Comp.
129,353 9,627,820 309,063 33,158,385 28,452,828 3,405,544 49,986,013 568,124 8,198,044 271,770 149,605,389 2,247,307 3,665,842 1,136,273 10,255,858 5,296,444,552 714,600 293,884,244 3,146,830 87,509,891 83,716,168 4,085,124 11,158,165 22,307,480 3,335,521 13,324,434 455,540 187,646,019 21,542,505 1,636,387 536,930 144,452,690 39,246,492 7,076,914 174,960,780 7,453,921 1,276,439 308,582,354 7,015,511,590

2012 Staff
183 5 778 635 75 599 59 107 5 3,436 56 103 19 105 71,882 5 63 2,725 23 1,688 45 238 313 32 1,310 5 4,438 284 51 103 1,636 886 166 2,521 95 17 3,928 98,614

2012 Comp.
7,761,519 318,461 34,810,208 26,796,992 3,647,804 47,566,267 503,412 7,525,845 263,471 153,848,953 3,926,791 3,871,606 1,073,919 11,330,209 5,280,979,581 719,732 2,594,973 64,673,591 83,228,661 3,773,250 11,156,842 22,874,304 3,189,999 12,632,497 337,114 189,246,395 21,070,373 1,537,037 1,035,959 146,267,272 40,365,402 6,675,005 177,203,502 7,243,269 1,490,210 280,192,184 6,661,732,609

20

2013 Annual Report on Public Authorities in New York State Local Authority (Other) Staff (number) and Total Compensation 2008 – 2012, excluding CDAs/URAs
Authority Name
Albany Convention Center Authority Albany County Airport Authority Albany Municipal Water Finance Authority Albany Parking Authority Albany Port District Commission Albany Water Board Buffalo Sewer Authority Buffalo Water Board Cayuga County Water and Sewer Authority Central New York Regional Market Authority Clifton Park Water Authority Clifton-Fine Health Care Corporation Dutchess County Resource Recovery Agency Dutchess County Water and Wastewater Authority Eastern Rensselaer County Solid Waste Management Authority Erie County Water Authority Franklin County Solid Waste Management Authority Genesee Valley Regional Market Authority Greater Rochester Sports Authority Green Island Power Authority Islip Resource Recovery Authority Livingston County Water and Sewer Authority Monroe County Airport Authority Monroe County Water Authority Montgomery, Otsego, Schoharie Solid Waste Management Authority Nassau County Bridge Authority New York City Health and Hospitals Corporation New York City Housing Development Corporation New York City Municipal Water Finance Authority New York City School Construction Authority New York City Transitional Finance Authority New York City Water Board Niagara Falls Water Board North Hempstead Solid Waste Management Authority Nyack Parking Authority Oneida County Sports Facility Authority Oneida-Herkimer Solid Waste Management Authority Onondaga County Resource Recovery Agency Onondaga County Water Authority Orange County Water Authority Rensselaer County Water and Sewer Authority Rockland County Solid Waste Management Authority Saratoga County Water Authority Saratoga Springs City Center Authority Schenectady Metroplex Development Authority Suffern Parking Authority Suffolk County Judicial Facilities Agency Suffolk County Water Authority Syracuse Regional Airport Authority Trust for Cultural Resources of the County of Onondaga Ulster County Resource Recovery Agency Upper Mohawk Valley Regional Water Board Water Authority of Great Neck North Water Authority of Western Nassau County Wayne County Water and Sewer Authority Western Finger Lakes Solid Waste Management Authority Wilton Water and Sewer Authority Yonkers Parking Authority Total

2008 Staff
3 45 129 24 27 129 215

2009 Comp.
279,025 1,881,841 929,956 1,140,146 4,738,983 9,620,461

2009 Staff
3 30 141 24 36 141 221

2009 Comp.
279,025 1,854,824 4,973,168 923,554 884,356 4,972,168 10,144,596

2010 Staff
2 30 133 23 46 136 220 7 9 22 98 7 21

2010 Comp.
196,515 1,756,140 901,224 1,105,665 5,309,073 10,254,445 93,360 326,507 915,230 4,234,330 375,907 1,271,607

2011 Staff
2 31 135 23 45 134 215 93 7 10 23 95 6 21 2

2011 Comp.
196,515 1,610,186 926,308 1,100,664 5,396,901 10,402,422 121,367 320,033 892,763 3,760,006 333,459 1,307,913 84,682 15,659,131 994,785 263,741 567,610 1,710,076 687,291 13,702,520 1,210,076 1,924,414 2,553,196,950 13,784,313 848,104 67,153,387 710,664 1,063,384 229,567 3,452,663 3,479,559 8,191,029 51,606 2,104,927 555,174 562,709 435,123 90,000 42,182,462 44,930 1,616,194 4,467,860 1,856,950 3,934,966 1,046,865

2012 Staff
2 26 25 45 216

2012 Comp.
196,515 1,622,107 938,250 1,079,410 10,820,351

9 25 109 8 21 2 268 51 8 1 13 40 12 279 33 88 1,038 146 24 27 117 13 3 96 73 132 2 2 27 1 19 6 8 1 628

271,055 762,343 3,777,757 373,088 1,217,400 78,310 14,818,643 845,897 328,499 443,561 1,959,083 621,812 12,861,706 1,150,456 1,929,211 143,107,905 11,189,827 685,017 401,550 5,273,080 729,934 3,484,038 3,396,278 7,221,831 44,000 1,263,445 86,000 504,600 404,730 101,800 2,300 39,067,650

8 24 90 7 21 2 266 45 7 1 12 36 13 196 271 36 85 47,943 159 29 727 24 10 109 13 3 95 71 133 2 3 29 6 21 6 9 629

253,895 852,029 4,171,680 369,674 1,276,535 78,310 14,292,025 901,794 237,891 514,576 1,775,394 672,936 13,681,095 1,340,592 1,979,250 2,699,334,176 12,013,344 726,654 62,421,495 365,942 4,903,927 683,598 3,487,309 3,498,972 7,583,416 44,000 1,732,960 147,786 522,700 437,828 94,900 41,291,250

8 23 6 21 2 293 32 7 1 12 35 12 110 263 34 81 44,439 167 27 851 25 11 108 12 4 84 73 134 2 3 31 10 23 5 5 591 3

290,312 929,127 347,184 1,281,292 86,783 15,827,630 830,470 272,252 479,765 1,688,190 636,965 14,014,702 1,137,810 2,200,383 2,507,695,575 13,819,859 860,569 63,335,670 683,004 4,891,716 256,165 3,489,700 3,638,304 8,398,236 53,077 2,390,131 477,383 608,298 438,000 41,300 40,544,370 -

295 42 7 1 13 37 13 123 274 35 75 47,085 163 26 953 24 12 108 18 6 3 94 73 136 2 3 31 15 21 6 7 1 630

15,488,625 942,646 248,567 550,445 1,714,006 697,843 14,443,784 1,168,999 1,902,492 2,899,595,966 12,836,273 916,510 73,409,102 766,664 4,891,716 978,749 297,502 3,583,043 3,372,264 7,835,907 51,815 2,107,570 514,242 563,900 421,719 90,000 3,000 41,532,898

292 41 7 1 14 34 13 111 263 32 80 44,936 167 28 898 26 11 19 6 3 88 74 136 2 3 32 12 21 6 7 634 7

37 100 26 48 30 20 5 44 4,212

1,477,647 4,286,362 1,985,339 3,270,492 829,953 423,949 173,277 2,716,897 292,157,134

37 98 27 48 28 17 5 43 52,040

1,530,933 4,336,881 1,973,987 3,270,492 889,355 478,446 173,277 2,684,127 2,921,057,123

37 95 27 60 25

1,641,700 4,491,345 1,804,744 3,575,343 935,366

37 101 25 58 29

41 99 25 57 31

1,586,690 4,613,919 1,889,884 3,957,340 1,079,107

5 40 51,375

182,997 2,436,999 3,132,734,741

5 38 49,139

184,568 2,361,528 2,776,778,345

37 48,152

2,635,108 2,722,062,903

21

2013 Annual Report on Public Authorities in New York State IDA Staff (number) and Total Compensation 2008 – 2012
Authority Name
Albany County IDA Allegany IDA Amherst IDA Amsterdam IDA Auburn IDA Babylon IDA Bethlehem IDA Brookhaven IDA Broome IDA Cattaraugus IDA Cayuga IDA Champlain IDA Chautauqua IDA Chemung IDA Chenango IDA City of Utica IDA Clarence IDA Clifton Park IDA Clinton County IDA Cohoes IDA Columbia IDA Concord IDA Corinth IDA Cortland IDA Dunkirk IDA Dutchess County IDA Erie County IDA Essex County IDA Fairport IDA Franklin County IDA Fulton County IDA Genesee County IDA Geneva IDA Glen Cove IDA Green Island IDA Greene County IDA Guilderland IDA Hamburg IDA Hamilton County IDA Hempstead IDA Herkimer IDA Hornell IDA Islip IDA Jefferson IDA Lancaster IDA Lewis County IDA Livingston County IDA Madison County IDA Monroe IDA Montgomery County IDA Mount Pleasant IDA Nassau County IDA New Rochelle IDA New York City IDA Newburgh IDA Niagara County IDA Onondaga County IDA Ontario County IDA Orange County IDA Orleans County IDA Otsego County IDA Peekskill IDA Port Chester IDA

2008 Staff
1 2 4 4 2 4 1 4 5 2 2 7 5 1 2 2 2 2

2009 Comp.
13,911 423,083 100,969 306,785 29,706 84,000 313,109 90,000 274,363 3,000 7,200 7,000 -

2009 Staff
1 4 4 2 4 1 3 5 2

2009 Comp.
13,911 340,943 84,130 305,357 30,894 72,900 322,103 90,000

2010 Staff
3 4 2 2 4 1 4 5 2 2 4 8 5 1

2010 Comp.
23,911 365,064 71,230 284,475 31,450 78,900 338,875 97,500 324,985 -

2011 Staff
3 4 2 2 3 1 4 6 2 2 3 7 4 4 1

2011 Comp.
23,911 373,678 80,300 268,513 31,450 88,900 402,118 97,500 288,106 -

2012 Staff
3 4 2 2 4 1 5 6 2 2 3 8 5

2012 Comp.
24,759 388,721 80,300 293,654 31,681 249,033 409,989 115,500 317,742 -

7 5 1 4 2

284,088 7,200

2 4 7,000 4 2 3 12,500 3 2 5 1 3 3 19 3 3 2 1 12 2 5 6 3 2 2 2 5 4 2 12 2 2 6 3 5 4 1 5

6,100 12,500 500 221,722 1,219,430 147,063 131,500 18,000 772,360 92,766 75,692 175,888 2,575 90,050 490,097 195,099 43,316 527,535 9,293 57,995 128,848 212,746 25,115 498,928

3

-

3 3 1 18 4 3 6 1 9 4 4 7 4 2 2 2 4 4 1 20

2,250 1,032,201 167,921 131,255 232,987 18,000 521,726 23,760 117,369 106,166 469,250 2,575 61,057 379,166 187,523 46,316 652,946 75,801 112,864 258,699 32,000 554,275 45,492 393,584 129,644 151,000 14,350 6,500

1 20 3 4 6 1 14 5 6 4 2 2 2 5 4 1 4 17 2 6 3 7 4 8

1,195,465 151,621 183,186 274,467 489,956 129,127 91,153 343,458 2,575 104,854 423,557 187,523 46,316 100,240 712,676 47,160 116,252 220,292 32,000 510,215

3 2 22 3 4 4 1 14 1 5 6 4 2 2 1 5 4 1 4 17 1 2 6 3 6 3 1 5 3 7 9 7 5 7 3 4 3

1,186,631 147,063 250,439 18,000 560,888 129,127 92,124 343,458 2,575 104,854 455,777 191,274 46,316 736,313 6,132 18,000 116,252 206,597 28,000 443,928 74,378 411,743 64,089 237,313 164,904 14,350 42,950

18 4 2 5 1 10 4 5 7 4 2 2 2 5 5 2

920,359 164,000 109,755 225,858 18,000 569,576 23,760 85,434 142,845 328,250 2,575 60,306 345,029 187,356 168,009

2 7 3 7 4 1 7 3 15 8 4

78,222 107,701 258,699 490,494 385,224 -

2 6 3 7 4 7 3 4 8 5 2 3 1 4 2

5 8 5 4 3 1 4 3

47,277 403,504 316,114 138,729 158,990 14,350 11,750

9 5 8 3 4 4

461,537 43,345 220,194 166,848 14,350 26,400

3 1 4 1

140,330 14,350 -

22

2013 Annual Report on Public Authorities in New York State
Authority Name
Port Jervis IDA Putnam County IDA Rensselaer County IDA Riverhead IDA Rockland County IDA Rotterdam IDA Salamanca IDA Saratoga County IDA Schoharie County IDA Schuyler County IDA Seneca County IDA St. Lawrence County IDA Steuben County IDA Suffolk County IDA Sullivan County IDA Syracuse IDA Tioga County IDA Town of Erwin IDA Town of Lockport IDA Town of Malone IDA Town of Montgomery IDA Ulster County IDA Wallkill IDA Warren and Washington Counties IDA Wayne County IDA Westchester County IDA Wyoming County IDA Yates County IDA Yonkers IDA Total

2008 Staff
1 2 8 1 2 3 2 2 4 2 5 9 3 4 2 2 2 1 1 1 3 4 3 2 2 5 279

2009 Comp.
39,000 194,262 20,000 33,053 3,650 85,090 25,000 59,069 300,342 110,535 148,042 317,784 38,413 65,931 33,750 1,200 1,600 19,513 210,158 249,872 96,000 109,000 401,000 9,041,522

2009 Staff
1 2 7 1 2 3 4 2 4 2 4 9 2 4 2 2 1

2009 Comp.
39,000 178,578 12,512 33,053 6,000 188,248 25,000 64,519 217,500 137,038 143,979 307,323 38,413 63,897 5,000

2010 Staff
2 7 2 2 3 2 4 2 4 10 2 4 2 1 1 2

2010 Comp.
40,950 163,578 33,053 4,000 153,452 27,500 62,557 218,267 190,753 148,292 318,901 100,334 56,043 5,200 -

2011 Staff
2 7 1 2 2 3 2 4 2 3 8 3 4 2 1 2

2011 Comp.
44,840 188,588 71,060 33,053 4,000 153,452 27,500 29,949 207,964 421,800 196,811 325,097 100,334 56,925 -

2012 Staff
2 8 1 2 3 3 3 2 3 8 2 2 7 1 2

2012 Comp.
43,367 208,726 87,359 77,549 157,527 32,800 28,096 209,500 399,800 167,595 106,500 58,917 -

1

1,600 2 21,836 243,027 188,771 128,819 168,589 890,519 11,263,384 3 1 4 4 2 4 20 299 23,384 239,885 186,700 152,224 148,136 1,148,177 11,475,414

1 4 3 2 3 21 295

20,397 232,163 254,344 105,500 154,000 770,873 10,484,142

1 4 4 2 3 24 303

21,539 238,010 204,068 122,983 157,300 1,155,029 11,491,006

1 4 4 2 3 14 315

The payment of bonuses to employees of state and local authorities is not expressly prohibited by statute. Compensation for extraordinary performance above the normal job duties of a position is permissible provided the bonus program is consistent with the guidance provided in State Comptroller Opinion #2000-9. This Opinion states that specific performance criteria must be established and disclosed prior to the start of the performance evaluation period and before the performance of such activities. In addition, the dollar amounts associated with these criteria must be stipulated in advance. Further, there must be a formal performance evaluation process at the end of the rating period to assess whether the specific compensation standards were met and if the employee is eligible for the specified additional compensation. Eighteen authorities reported having bonus programs in 2012. These authorities awarded bonuses to more than 2,200 staff – 64 of whom received bonuses of $10,000 or more. Of these 64 recipients, 42 were staff at major medical centers. Another 15 staff at state regional transportation authorities received bonuses. The Genesee Economic Development Corporation/IDA was the only local authority to award individual bonuses in excess of $10,000 to employees.

23

2013 Annual Report on Public Authorities in New York State Authority Staff Receiving Bonus Payments in FYE 2012 By Bonus Amount Range
Authority Type
State State State State State State State State State State State State State Local (Other) Local Local - IDA Local - IDA Local - IDA

Name
Central New York Regional Transportation Authority Erie County Medical Center Corporation Housing Trust Fund Corporation Metropolitan Transportation Authority New York State Energy Research and Development Authority New York State Housing Finance Agency Niagara Frontier Transportation Authority Ogdensburg Bridge and Port Authority Rochester-Genesee Regional Transportation Authority Roosevelt Island Operating Corporation Roswell Park Cancer Institute Corporation State of New York Mortgage Agency Westchester County Health Care Corporation Onondaga County Resource Recovery Agency Water Authority of Great Neck North Erie County Industrial Development Agency Genesee County Industrial Development Agency Steuben County Industrial Development Agency Total

Number Employees Receiving Bonus by Amount Range $1 - $1,499 $1,500 - $4,999 $5,000 - $9,999 ≥ $10,000
109 16 45 116 27 4 528 9 222 5 1 10 2 12 4 1,110 23 777 86 23 75 5 30 7 1 1,027 15 6 8 10 1 1 41 7 2 13 23 13 6 64

Authority Staff Receiving Bonus Payments ≥ $10,000 in FYE 2012
Description Authority Name Title Employee Total Comp. ($)
193,622 172,477 165,771 145,016 150,161 165,194 169,018 149,251 179,534 271,056 244,152 226,799 204,148 178,791 152,379 211,105 106,116 115,869 117,413 110,494 137,760 90,952 346,540 534,344 553,560 552,453 605,867 164,121 219,213 387,148 393,200 578,010 196,726 134,325 125,713

Bonus Amount ($)
20,000 15,000 12,000 10,000 10,000 10,000 10,000 10,000 10,000 57,374 35,725 35,280 32,650 29,100 28,925 25,250 17,300 16,950 16,340 13,550 12,950 12,050 62,530 50,437 50,000 30,000 28,150 26,482 25,008 25,000 25,000 25,000 23,067 20,967 20,001

State State State State State State State State State State State State State State State State State State State State State State State State State State State State State State State State State State State

Erie County Medical Center Corporation Erie County Medical Center Corporation Erie County Medical Center Corporation Erie County Medical Center Corporation Erie County Medical Center Corporation Erie County Medical Center Corporation Erie County Medical Center Corporation Metropolitan Transportation Authority Metropolitan Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Rochester-Genesee Regional Transportation Authority Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation

VP Human Resources ECMCC Chief Information Officer ECMC VP Trauma Emergency Services Dir. Of Med Staff Quality & Education Director Pharmacy VP Surgical Services Senior VP of Nursing Program Manager II - CCC VP & Dep Prgram Exec 7 Ln- CCC Chief Executive Officer General Counsel and Chief Administrative Officer Chief Financial Officer Chief Administrative Officer Chief Operating Officer Chief Information Officer Chief Executive Officer Vice President of Communications Director of Tranportation Operations Vice President of Purchasing and Grants Director of Transportation Services Director of Engineering Director of Customer Service Chief, Clinical Operations Officer Deputy Director, Chair, Pharmacology & Therapeutics Chair, Diagnostic Imaging Staff Phys (H/N Plas Surg) Surgeon-in-Chief, Chair, Surgical Oncology Assoc Member (Epid/Prev) Distinguished Member, Clinical Research Clinical Chief, Critical Care Staff Phys (Thoracic Surg) Sr Vice President, Translational Research, Chair, Urology Chair, Health Behavior Chair, Health Behavior Asst Member (Clin Res)

24

2013 Annual Report on Public Authorities in New York State
Description Authority Name Title Employee Total Comp. ($)
479,714 110,505 153,007 144,316 96,224 119,814 168,872 193,023 172,818 1,375,166 800,338 678,440 572,418 507,371 371,905 370,772 341,629 336,546 334,914 332,958 330,290 315,089 312,388 113,556 93,373 79,812 50,477 45,647

Bonus Amount ($)
18,336 15,049 15,000 14,834 12,500 12,346 12,000 11,513 10,625 339,663 150,000 86,904 73,350 45,450 33,000 32,940 30,906 30,500 30,300 30,000 29,000 28,325 142,000 30,000 22,000 21,000 13,000 12,000

State State State State State State State State State State State State State State State State State State State State State State Local – IDA Local – IDA Local – IDA Local – IDA Local – IDA Local – IDA

Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Roswell Park Cancer Institute Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Westchester County Health Care Corporation Genesee County Industrial Development Agency Genesee County Industrial Development Agency Genesee County Industrial Development Agency Genesee County Industrial Development Agency Genesee County Industrial Development Agency Genesee County Industrial Development Agency

Sr Vice President, Cancer Prevention & Population Science Asst Member (Clin Res) Senior Department Administrator, Department of Medicine Assoc Member (Pharm/Ther) Co-Dir Data Bank BioRep Assoc Member (Epid/Prev) Member (Immunology) Distinguished Member, Health Disparities Member (Epid/Prev) President & CEO Senior Executive VP/COO & CFO Executive VP, Clinical & Professional Svcs. Exec VP/Gen Counsel Sr. VP, Financial Planning & Managed Care Sr. VP, Human Resources Sr. VP, Strategic Planning Sr. VP, Financial Operations Sr. VP, Professional & Support Services Sr. VP, Information Systems & CIO Sr. VP, Corporate Communications & Fund Development Sr. VP, Chief Nursing Executive Sr. VP, Deputy General Counsel President & Chief Executive Officer VP of Business Development Senior VP of Operations Chief Financial Officer Marketing and Communications Manager Office Manager

IDA Projects IDAs reported approving 240 projects for 2012 which were eligible for $34.18 million in first year net tax exemptions. These projects are projected to create more than 7,000 new jobs over the life cycle of the projects. This level of activity is consistent with 2011, when IDAs reported approving 239 projects intended to create more than 5,400 new jobs, while receiving $33.45 million in net tax exemptions. New IDA Projects for FYE 2012 by IDA
IDA New Projects
4 1 1 4 1 12 4 3 7 3 4 1 2 1 2

Net Exemptions ($)
(10,288) 82,000 750,876 191,758 301,503 156,060 2,263,283 426,125 450,037 224,464 151,259 290,000 100,769

FTE Before Projects
67 62 60 43 2 528 19 310 414 50 65 210

Estimate Jobs Created
54 33 60 71 2 211 15 414 102 23 20 23 2 16

Current FTE
73 65 63 61 3 553 33 419 70 417 62 65 210

FTE Net Change
6 3 3 18 1 25 14 109 70 3 12 -

Albany City IDA Albany County IDA Allegany IDA Amherst IDA Amsterdam IDA Babylon IDA Bethlehem IDA Brookhaven IDA Cattaraugus IDA Chautauqua IDA Chemung IDA Chenango IDA Clarence IDA Cohoes IDA Cortland IDA

25

2013 Annual Report on Public Authorities in New York State
IDA New Projects
2 10 1 13 1 1 1 1 6 7 3 6 1 33 16 7 2 4 2 3 1 1 1 1 1 3 3 2 3 1 4 7 1 3 10 1 2 1 5 11 5 1 2 Total 240

Net Exemptions ($)
1,184,177 59,239 3,600,146 146,730 3,359 172,000 1,351,422 290,926 2,089 5,347,070 51,267 2,034,175 1,553,774 404,246 20 260,778 168,868 44,907 3,000 25,670 114,680 1,652,835 744,637 147,623 547,548 588,978 (5,177) 270,261 32,164 2,106,834 139,867 984,019 49,086 36,000 35,000 91,005 4,197,243 232,436 2,500 126,000 34,175,247

FTE Before Projects
4,479 461 107 38 151 117 133 23 130 513 2,544 718 340 5 88 81 17 18 2 43 100 1 47 978 29 110 35 189 125 1 89 1,972 285 15,798

Estimate Jobs Created
182 291 27 341 40 30 180 158 21 150 75 501 1,409 75 18 43 56 233 3 60 25 125 179 85 400 83 57 110 18 13 25 455 39 15 85 372 108 5 40 7,177

Current FTE
4,479 405 244 48 151 103 126 26 150 513 3,913 924 414 9 93 83 17 21 28 2 50 148 79 111 47 1 308 30 143 41 387 125 2 71 1,823 365 4 17,577

FTE Net Change
(56) 137 10 (15) (7) 3 20 1,369 206 74 4 5 2 3 28 7 48 78 111 1 (670) 1 33 6 198 1 (18) (149) 80 4 1,779

Dutchess County IDA Erie County IDA Essex County IDA Genesee County IDA Glens Falls IDA Green Island IDA Greene County IDA Guilderland IDA Hempstead IDA Herkimer IDA Hornell IDA Jefferson IDA Lancaster IDA Monroe IDA New York City IDA Niagara County IDA Niagara Town IDA Oneida County IDA Onondaga County IDA Ontario County IDA Orleans County IDA Oswego County IDA Peekskill IDA Port Chester IDA Putnam County IDA Rensselaer County IDA Riverhead IDA Rockland County IDA Saratoga County IDA Schuyler County IDA Seneca County IDA St. Lawrence County IDA Steuben County IDA Sullivan County IDA Syracuse IDA Town of Montgomery IDA Ulster County IDA Warren and Washington Counties IDA Wayne County IDA Westchester County IDA Wyoming County IDA Yates County IDA Yonkers IDA

IDA officials have indicated that comparing tax exemptions and changes in net employment after the first year of a project is misleading. It is not uncommon, they would argue, for the growth in new jobs to ramp up over the life of a project, while financial assistance is often provided in advance of any job creation. These exemptions are considered necessary to stimulate and encourage initial investment in a project, although the results and benefits may not always be immediate. IDA officials also claim that it is important to measure the success of a project over time. To that end, the ABO compiled reported information on all projects that were approved by IDAs in 2008 and remained active in 2012. These 280 projects received more than $182.8 million in financial assistance over the past 5 years. In 2008, these projects were expected to create 9,128 new jobs. As reported by the IDAs, these projects saw a net change in employment of 7,487 positions since 2008 – or 1,642 fewer new jobs than were committed to when the projects were approved. 26

2013 Annual Report on Public Authorities in New York State

Current Status of Active Projects Approved in 2008
IDA Projects Approved in 2008, Still Active in 2012
7 2 2 13 1 6 2 4 3 1 6 1 1 3 1 2 1 2 12 1 1 11 1 2 3 1 8 1 1 5 2 1 3 1 1 31 3 38 14 2 8 3 6 1 1 1 1 4 6 1 2 1 4 2 6 4 9 1 2

Value of Net Exemptions 2008 2012 $
649,449 698,544 65,257 2,958,444 (3,087) 4,061,255 246,838 3,729,931 41,401 1,810,953 7,459 34,738 (1,512,834) 311,038 58,834 11,670 222,642 2,959,172 2,029,340 428,990 2,025,727 8,616 7,629,785 49,275 2,786 967,103 9,307,062 15,634 152,662 69,121 (30,509) 10,479,787 10,299,835 7,224,780 13,329,093 179,092 5,725,688 506,829 3,283,309 99,306 1,533,764 17,756 2,466,980 748,364 46,962,160 274,529 598,154 3,177,473 237,335 25,365,977 2,741,704 3,532,943 53,226

Projected Jobs to be Created by Project
95 155 11 464 30 107 300 17 178 9 321 6 4 25 20 18 15 210 262 0 20 66 0 0 414 24 173 15 25 248 12 2 50 9 130 198 146 1,141 270 12 170 40 504 0 33 1 55 448 183 1,190 8 14 232 13 21 232 111 2 20

Net Employment Change 20082012
-2,043 17 -11 498 2 361 63 -88 166 8 815 6 0 13 -52 124 -1 192 -14 0 55 14 719 0 375 12 137 -29 12 318 38 13 660 -4 158 902 -69 150 274 10 253 33 -209 356 2 1 30 97 8 1,900 427 0 26 12 3 27 183 12 14

Difference Between Jobs Created and Jobs Promised
-2,138 -138 -22 34 -28 254 -237 -105 -12 -1 494 0 -4 -12 -72 106 -16 -18 -276 0 35 -52 719 0 -39 -12 -36 -44 -13 70 26 11 610 -13 28 704 -215 -991 4 -2 83 -7 -713 356 -31 0 -25 -351 -175 710 419 -14 -206 -1 -18 -205 72 10 -6

Albany City IDA Amherst IDA Amsterdam IDA Babylon IDA Bethlehem IDA Brookhaven IDA Cayuga IDA Chautauqua IDA Chemung IDA Chenango IDA City of Schenectady IDA Clarence IDA Clifton Park IDA Clinton County IDA Cohoes IDA Columbia IDA Concord IDA Cortland IDA Erie County IDA Essex County IDA Fulton County IDA Genesee County IDA Geneva IDA Glens Falls IDA Greene County IDA Hamburg IDA Hempstead IDA Herkimer IDA Hornell IDA Islip IDA Jefferson IDA Lancaster IDA Livingston County IDA Madison County IDA Middletown IDA Monroe IDA Montgomery County IDA New York City IDA Niagara County IDA Niagara Town IDA Oneida County IDA Ontario County IDA Orange County IDA Orleans County IDA Oswego County IDA Peekskill IDA Port Chester IDA Rensselaer County IDA Rockland County IDA Saratoga County IDA Schenectady County IDA Schuyler County IDA Seneca County IDA St. Lawrence County IDA Steuben County IDA Sullivan County IDA Syracuse IDA Tompkins County IDA Town of Lockport IDA

27

2013 Annual Report on Public Authorities in New York State
IDA Projects Approved in 2008, Still Active in 2012
1 2 5 2 3 1 2 Total 280

Value of Net Exemptions 2008 2012 $
748,089 606,134 2,137,314 309,006 171,863 1,030,105 182,847,891

Projected Jobs to be Created by Project
0 20 18 460 118 22 12 9,128

Net Employment Change 20082012
0 84 -16 401 21 8 14 7,487

Difference Between Jobs Created and Jobs Promised
0 64 -34 -59 -98 -14 2 -1,642

Ulster County IDA Warren and Washington Counties IDA Wayne County IDA Westchester County IDA Wyoming County IDA Yates County IDA Yonkers IDA

LDC Loans and Grants Local development corporations made 889 loans in 2012 totaling $172.5 million. These loans were made in anticipation that 4,175 new jobs would be created. In addition, LDCs awarded 209 grants, valued at $113.8 million, for the purpose of creating 493 jobs. The Albany County Business Development Corporation, the Buffalo and Erie County Regional Development Corporation, and the City of Watertown Local Development Corporation issued the most loans. The New York City EDC awarded 59 grants for $108 million, or 95 percent of the total value of all grants awarded. LDC Loans Outstanding FYE 2012
LDC Number of Loans Original Loan Amount ($) Amount Repaid ($) Amount Outstanding ($) Jobs Planned Jobs Created Amount Loaned per Job Created ($)
13,661 31,628 207,216 76,032 84,708 19,774 33,563 9,092 8,453 30,294 24,338 15,367 71,484 58,435 14,313 46,272 4,501 9,134 8,847 37,890 13,690

Albany County Business Development Corp. Binghamton LDC Buffalo and Erie County Industrial Land Development Corp. Buffalo and Erie County Regional Development Corp. Buffalo Urban Development Corp. Capitalize Albany Corp. Carthage Industrial Development Corp. Cheektowaga Economic Development Corp. City of Kingston LDC City of Watertown LDC Cohoes LDC Columbia Economic Development Corp. Cortland County Business Development Corp. Development Chenango Corp. Finger Lakes Horizon Economic Development Corp. Franklin County LDC Genesee Gateway LDC Greater Glens Falls LDC Griffiss LDC Jefferson County LDC Livingston County Development Corp. LDC of the Town of Union Lumber City Development Corp. Monroe County Industrial Development Corp. New York City Economic Development Corp. NFC Development Corp. Niagara County Brownfields Development Corp. Onondaga Civic Development Corp.

74 33 12 99 2 47 8 8 35 93 25 42 11 15 11 10 5 4 2 5 16 23 21 12 20 11 2 1

16,584,179 2,878,112 414,431 18,095,725 2,098,125 6,861,364 2,369,330 1,542,403 4,631,716 9,818,522 863,727 2,561,300 515,000 973,500 399,550 2,859,352 5,785,107 114,500 7,929,400 879,166 1,093,772 2,868,000 1,795,990 833,583 44,084,792 575,000 634,900 100,000

6,818,831 904,502 216,471 7,559,874 2,032,171 1,809,007 160,000 775,980 1,895,444 2,742,684 291,677 727,633 154,666 511,469 73,042 366,158 879,636 50,030 566,048 19,791 269,040 1,783,093 824,480 189,227 18,097,216 26,763 86,277 $-

9,765,348 1,973,610 197,960 10,535,851 65,954 5,052,357 2,209,330 766,423 2,736,272 7,075,838 572,050 1,833,667 360,334 462,031 326,508 2,493,194 4,905,471 64,470 7,363,351 859,375 824,732 1,084,907 971,510 644,356 25,987,576 548,237 548,623 100,000

786 97 15 312 0 71 0 81 113 0 43 90 20 68 28 183 244 8 100 63 250 260 215 37 0 42 15 12

1,214 91 2 238 0 81 0 78 138 0 95 303 17 40 26 40 99 8 0 19 243 314 203 22 0 42 0 0

28

2013 Annual Report on Public Authorities in New York State
LDC Number of Loans Original Loan Amount ($) Amount Repaid ($) Amount Outstanding ($) Jobs Planned Jobs Created Amount Loaned per Job Created ($)
40,333 15,258 61,071 30,214 12,760 29,200 211,477 124,167 13,320 11,842 291,881 14,834 1,717,319 44,231 8,000 42,900

Orleans County LDC Orleans Land Restoration Corp. Rochester Economic Development Corp. St. Lawrence County Industrial Development Agency LDC St. Lawrence County LDC Sullivan County Funding Corp. Syracuse Economic Development Corp. The Catskill LDC Town of Plattsburgh LDC Troy LDC Victor LDC Village of Valatie LDC Warren County LDC Washington County LDC Watertown Industrial Center LDC Wyoming County Business Center Yates County Capital Resource Corp. Total

18 8 11 26 24 3 49 13 2 2 1 5 21 33 2 23 1 889

484,000 1,419,000 10,260,000 6,012,583 370,050 146,000 6,344,313 372,500 199,800 450,000 35,000 583,763 1,364,735 3,434,637 158,457 707,704 40,000 172,543,088

190,396 260,328 4,777,686 1,874,426 96,419 9,808 1,703,572 82,572 109,675 20,163 123,454 603,749 791,821 106,838 269,171 10,811 60,862,101

293,604 1,158,672 5,482,314 4,138,157 273,630 136,192 4,640,741 289,928 90,125 429,837 35,000 460,308 760,987 2,642,816 51,619 438,533 29,189 111,680,987

14 117 184 348 32 10 30 10 17 96 0 23 106 8 0 18 9 4,175

12 93 168 199 29 5 30 3 15 38 0 2 92 2 0 16 5 4,022

LDC Grant Funds Provided FYE 2012
Authority Name Number of Grants Amount Provided during 2012 reporting year ($)
110,250 10,000 300,000 183,530 155,118 341,745 5,000 50,000 106,094 90,000 23,500 185,334 39,455 40,857 370,978 108,276,117 251,697 392,086 108,421 426,215 96,800 50,000 4,743 500 804,264 2,097 16,500 1,299,644 119,223 1,000 113,861,169

Jobs Planned

Jobs Created

Binghamton LDC Buffalo Urban Development Corp. Capitalize Albany Corp. Carthage Industrial Development Corp. Clayton LDC Columbia Economic Development Corp. Cornell Agriculture and Food Technology Park Corp. Cortland County Business Development Corp. Development Chenango Corp. Franklin County Civic Development Corp. Greater Brockport Development Corp. Greater Glens Falls LDC Griffiss LDC Livingston County Development Corp. Lumber City Development Corp. New York City Economic Development Corp. NFC Development Corp. Niagara County Brownfields Development Corp. Orleans County LDC Peekskill Facilities Development Corp. Rochester Economic Development Corp. Schenectady County Capital Resource Corp. Seneca County Economic Development Corp. Seneca Falls Development Corp. St. Lawrence County Industrial Development Agency LDC St. Lawrence County LDC The Town of Huntington Economic Development Corp. Theater Subdistrict Council LDC Troy LDC Village of Valatie LDC Total

2 1 2 4 9 5 1 1 8 1 1 7 1 15 7 59 6 3 10 8 9 1 1 1 23 2 5 10 5 1 209

50 65 3 5 70 28 13 151 34 3 71 493

16 42 2 92 28 6 34 3 3 226

29

2012 Annual Report on Public Authorities in New York State

Policy Recommendations and Statutory Amendments
Based on the ABO’s continued implementation of the Public Authorities Accountability Act and the Public Authorities Reform Act, as well as the results of its compliance and operational reviews, the ABO has developed a package of recommendations to strengthen reform efforts and improve public authority accountability and transparency. The ABO will advance the following proposals for consideration by the Governor and the Legislature in 2014. Formal Response to ABO Compliance Review Findings and Recommendations: When the ABO completes a review of the operations and practices of any state or local authority it provides a draft report of its findings and conclusions to the chairperson of the authority. If the final report includes recommendations for corrective action, the chairperson of the authority should be required by law to formally respond in writing to these recommendations within sixty days. The response should describe what actions were taken to implement the recommendations, and, the reason, if any, why a recommendation was not implemented. The public has a right to expect that the authority would address the issues raised in the review and either develop a corrective action plan or go on the record explaining why the ABO’s recommendations will not be accepted. Enhanced Enforcement Authority: Each year, too many authorities fall short of meeting the governance and reporting requirements imposed on them by law. Other than issue warnings and letters of censure, the ABO has limited options to enforce compliance or compel accurate reporting by public authorities, or to take action against those authorities that fail to take corrective action when notified of such failure. This is especially true for boards of directors cited for chronic failure to meet their collective fiduciary duty, or which have already been censured by the ABO but taken no action to correct this breach of the public trust. In these limited cases, stronger enforcement actions are necessary. The ABO requests that consideration be given to granting it the ability to assess fines, suspend directors or curtail certain activities of an authority and its board which have been censured and remain out of compliance with state law or deficient in performing its fiduciary duty. Debt Issued by Local Development Corporations Should be Subject to the Bond Issuance Charge: Public benefit corporations and industrial development agencies are charged a fee by the state each time they issue bonds. Not-for-profit corporations that fall within the definition of a local authority pursuant to Section 2(2) of Public Authorities Law, such as local development corporations (LDC), have not been subject to this charge. This fee ranges from 0.168 percent of the principal amount of the bonds to 0.84 percent. For purposes of equity, and to discourage the formation of such entities, the Public Authorities Law should be amended to subject the tax exempt debt of not-for-profit corporations to this bond issuance charge. Based on the principal amount of new debt issued in 2012 by local 30

2012 Annual Report on Public Authorities in New York State development corporations, the bond issuance charge would have produced between $3.5 million and $17.5 million in new revenue in 2012. Had this charge been in effect since 2010, the state would have realized between $7 million and $34.7 million in added revenue over the past three years. Board Member Term Limits: Board members of state and local authorities are public officers charged with managing public assets. As such, they should be held publicly accountable for their actions and decisions. The longer individuals serve on an authority’s board, the easier it is to become removed from that public accountability. This is especially true with local industrial development agencies or economic development corporations. The ABO recommends that consideration be given to establishing board member terms of 4-5 years for these entities, with members prohibited from being appointed to more than two consecutive terms, or serving more than 8-10 years as a board member. IDA Project Application and Project Approval Criteria: General Municipal Law should be amended to require that IDAs develop a standard application for financial assistance. IDAs should also be required to develop specific application criteria that would be used to evaluate the merits of the project. As part of its review, an IDA should prioritize the types of projects that would qualify for financial assistance, and those projects that the IDA would disqualify for assistance. Prior to any decision on providing benefits, the board should be required to evaluate the number and types of jobs that would be created or retained, the impact of the project on existing businesses and affected tax jurisdictions, local market demand for the services to be provided by the project, the project’s ties to the community, and the potential viability of the project absent financial assistance from the IDA. Financial Assistance Agreements: Industrial development agencies should enter into written financial assistance agreements with project applicants. This agreement should describe the purpose of the project, the amount of financing to be provided, the financial commitment being made by the applicant, the number of jobs to be created or retained, the types and value of financial assistance being provided to the project from other state and local government sources, and the penalties to be imposed on the project applicant if the terms of the agreement are not met. The agreement should also restrict the initial period of financial assistance (other than lease agreements) to 5-7 years, but allow assistance to be extended for an additional 5 years if the project applicant acted in good faith to meet the terms and conditions of the agreement. The agreement should be developed with the input or approval of affected tax jurisdictions. Limitations on Financial Assistance: General Municipal Law should be amended to state that no financial assistance may be used to remove all or part of an IDA approved project from one area of the state to another, or to provide the project with a competitive advantage over an existing business providing the same service in the same municipality.

31

2012 Annual Report on Public Authorities in New York State

Appendix I Public Authorities That Have Failed to File Reports in the Public Authorities Reporting Information System as of July 1, 2013
Pursuant to Section 2800 of Public Authorities Law, public authorities are required to file an annual report and audit report within 90 days of the fiscal year end (FYE). In accordance with Section 2801 of this Law, state authorities must submit a budget report 90 days prior to the start of the fiscal year; local authorities must file a budget report 60 days prior to the start of the fiscal year. The following authorities have failed to satisfy one or more of these requirements. The delinquent report(s) are identified by the date the report was due. The Authorities Budget Office has the authority to "publically warn and censure authorities for non-compliance" with this requirement and to recommend the "suspension or dismissal of officers or directors, based on information that is, or is made, available to the public under law." This report constitutes an official warning to those authorities that appear on this list.
Type of Authority Authority Name Budget Report Due for FYE*
3/31/2014 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 6/30/2012 6/30/2014 6/30/2014 6/30/2014 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 6/30/2012

Annual Report Due for FYE

Audit Report Due for FYE

State

Local - Other

Hudson River Park Trust Agriculture and New York State Horse Breeding Development Fund Nassau Health Care Corporation Albany Community Development Agency Albany Municipal Water Finance Authority Albany Water Board Amsterdam Urban Renewal Agency Buffalo Municipal Water Finance Authority Buffalo Urban Renewal Agency Buffalo Water Board Cayuga County Water and Sewer Authority City of Fulton Community Development Agency Clifton-Fine Health Care Corporation Franklin County Solid Waste Management Authority Harrison Parking Authority Huntington Community Development Agency Incorporated Village of Hempstead Community Development Agency Ithaca Urban Renewal Agency Jamestown Urban Renewal Agency Little Falls Urban Renewal Agency Mechanicville Community Development Agency

12/31/2013 6/30/2014

6/30/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

6/30/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

5/31/2014 12/31/2012 12/31/2012 12/31/2012 12/31/2012

12/31/2013

A1

2012 Annual Report on Public Authorities in New York State
Type of Authority Authority Name Budget Report Due for FYE*
12/31/2013 12/31/2013

Annual Report Due for FYE
12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 6/30/2012 12/31/2012 12/31/2012 12/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 3/31/2012 5/31/2012 5/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

Audit Report Due for FYE
12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 6/30/2012 12/31/2012 12/31/2012 12/31/2012 5/31/2012

Local - Other

Local - IDA

Local - Not-forProfit Corporations

Middletown Community Development Agency Middletown Parking Authority Mount Vernon Urban Renewal Agency Nassau County Sewer and Storm Water Finance Authority New York City School Construction Authority Niagara Falls Public Water Authority Niagara Falls Urban Renewal Agency Olean Urban Renewal Agency Ossining Urban Renewal Agency Port Jervis Community Development Agency Schenectady Urban Renewal Agency Sleepy Hollow Parking Authority Suffolk County Judicial Facilities Agency Syracuse Parking Authority Town of Riverhead Community Development Agency Town of Southampton Community Development Agency Upper Mohawk Valley Regional Water Finance Authority Utica Urban Renewal Agency Village of Haverstraw Urban Renewal Agency Village of Riverside Urban Renewal Agency Village of St. Johnsville Urban Renewal Agency Water Authority of Southeastern Nassau County Western Finger Lakes Solid Waste Management Authority White Plains Urban Renewal Agency Wilton Water and Sewer Authority City of Utica Industrial Development Agency Corinth Industrial Development Agency Dunkirk Industrial Development Agency Hudson Industrial Development Agency Mount Vernon Industrial Development Agency New Rochelle Industrial Development Agency Otsego County Industrial Development Agency Suffolk County Industrial Development Agency Town of Waterford Industrial Development Agency Batavia Development Corporation Batavia Regional Recreation Corporation Bolton Local Development Corporation Bronx Overall Economic Development Corporation Brooklyn Navy Yard Development Corporation Brooklyn Bridge Park Corporation Broome County Local Development Corporation † Buffalo Economic Renaissance Corporation Buffalo Niagara Convention Center Management Corporation

6/30/2014 12/31/2013 12/31/2013 6/30/2014 12/31/2013

5/31/2014 5/31/2014 12/31/2013 3/31/2014 3/31/2014 5/31/2014 5/31/2014 5/31/2014 12/31/2013 12/31/2013 6/30/2014

12/31/2012 12/31/2012 3/31/2012 5/31/2012 5/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

12/31/2013

12/31/2012 12/31/2012

12/31/2013 3/31/2014 10/31/2013 12/31/2013 6/30/2014 6/30/2014 6/30/2014 12/31/2013 5/31/2014 12/31/2013

12/31/2012 6/30/2012 6/30/2012

12/31/2012

5/31/2012

5/31/2012 `

A2

2012 Annual Report on Public Authorities in New York State
Type of Authority Authority Name Budget Report Due for FYE*
5/31/2014 12/31/2013 3/31/2014 12/31/2013 12/31/2013 6/30/2014 5/31/2014

Annual Report Due for FYE
12/31/2012 5/31/2012 12/31/2012 12/31/2012

Audit Report Due for FYE
12/31/2012 5/31/2012 12/31/2012 12/31/2012

Local - Not-forProfit Corporations

Business Development Corporation for a Greater Massena † Canton Local Development Corporation Cape Vincent Local Development Corporation Chautauqua Region Industrial Development Corporation Cheektowaga Economic Development Corporation Clifton Park IDA Economic Development Fund, Inc. Columbia Tobacco Asset Securitization Corporation Coney Island Development Corporation Crossroads Incubator Corporation Delaware County Local Development Corporation Dunkirk Local Development Corporation Dutchess County Economic Development Corporation Economic Development Corporation - Warren County Economic Development Corporation of the Village of Carthage, New York Emerald Corporate Center Economic Development Corporation Erie Tobacco Asset Securitization Corporation Eyer Land Development Corporation Fairport Local Development Corporation Fulton County Center for Regional Growth, Inc. Fulton County Economic Development Corporation Greater Brockport Development Corporation Greater Lockport Development Corporation Hudson River Local Development Corporation Jamestown Local Development Corporation Jefferson County Agricultural Development Corporation † Johnstown Economic Development Corporation Joseph Davis State Park Local Development Corporation † Lakefront Development Corporation Lewis County Development Corporation Lloyd Community Development Corporation LDC of Laurelton, Rosedale, and Springfield Gardens † Local Development Corporation of Mount Vernon Malone Economic Development Corporation Nassau County Economic Development Corporation New Main Street Development Corporation † New Rochelle Local Development Corporation New York City Capital Resource Corporation † New York City Sports Development Corporation Niagara County Development Corporation Ogdensburg Growth Fund Development Corp. Olean Local Development Corporation Ontario County Economic Development Corporation Orange County Economic Development Corporation

12/31/2013 12/31/2013

5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

12/31/2013 9/30/2013 12/31/2013 12/31/2013 4/30/2014 12/31/2013 6/30/2014

12/31/2012 12/31/2012 6/30/2012 12/31/2012 9/30/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 6/30/2012 12/31/2012 12/31/2012 5/31/2012

12/31/2012 12/31/2012 6/30/2012 9/30/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 6/30/2012 12/31/2012 12/31/2012 5/31/2012

5/31/2014 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013

6/30/2014 6/30/2014 12/31/2013 12/31/2013 5/31/2014 12/31/2013 12/31/2013

A3

2012 Annual Report on Public Authorities in New York State
Type of Authority Authority Name Budget Report Due for FYE*
12/31/2013 12/31/2013 5/31/2014 12/31/2013 5/31/2014 12/31/2013 6/30/2014 12/31/2013 12/31/2013 12/31/2013

Annual Report Due for FYE
12/31/2012 12/31/2012 5/31/2012 5/31/2012

Audit Report Due for FYE
12/31/2012 12/31/2012 5/31/2012 5/31/2012

Local - Not-forProfit Corporations

Operation Oswego County Oswegatchie Development Corporation Otsego County Capital Resource Corporation Otsego County Development Corporation Philipstown Depot Theatre Development Corporation Potsdam Community Development Corporation Prattsville Local Development Corporation Queens Economic Development Corporation Ramapo Local Development Corporation Rome Community Brownfield Restoration Corporation Rome Industrial Development Corporation † Schenectady County Community Business Center † Schenectady Local Development Corporation Seneca Knit Development Corporation Southern Tier Economic Development, Inc. Suffolk County Economic Development Corporation † Sullivan County Agricultural Local Development Corporation † The Castleton-Schodack Local Development Corporation † The City of Newburgh Local Development Corporation The Development Corporation - Clinton County † The Philmont Local Development Corporation The Village of Waterford Local Development Corporation The Walden Local Development Corporation Tioga County Local Development Corporation Tioga Tobacco Asset Securitization Corporation Tompkins County Area Development Town of Allegany Economic Development Corporation Town of Colonie Local Development Corporation Town of Dewitt Local Development Corporation Town of Glenville Local Development Corporation Town Of Islip Economic Development Corporation Town of Sullivan Development Corporation Town of Tonawanda Development Corporation Town of Wawayanda Local Development Corporation Tuxedo Local Development Corporation Ulster County Development Corporation Utica Harbor Point Local Development Corporation Village of Chittenango Local Development Corporation Village of Lancaster Community Development Corporation † Village of Penn Yan Local Development Corporation Village of South Glens Falls Local Development Corporation Washington Tobacco Asset Securitization Corporation West Brighton Community Local Development Corporation

12/31/2012

12/31/2012

12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 5/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012 12/31/2012

12/31/2013

5/31/2014 12/31/2013 12/31/2013 12/31/2013 5/31/2014 12/31/2013

12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 12/31/2013 3/31/2014 5/31/2014 5/31/2014

12/31/2012 12/31/2012 12/31/2012 5/31/2012 5/31/2012 12/31/2012 12/31/2012 6/30/2012

12/31/2012 12/31/2012 12/31/2012 5/31/2012 12/31/2012 6/30/2012

6/30/2014

A4

2012 Annual Report on Public Authorities in New York State
Type of Authority Authority Name Budget Report Due for FYE*
12/31/2013 6/30/2014 12/31/2013 12/31/2013 12/31/2013

Annual Report Due for FYE

Audit Report Due for FYE

Local - Not-forProfit Corporations

Westchester County Local Development Corporation Western Ontario Local Community Development Corporation White Plains Center Local Development Corporation Yonkers Downtown Waterfront Development Corporation Yonkers Pier Development, Inc.

12/31/2012 12/31/2012

12/31/2012 12/31/2012

*Budget Reports are projections for future years. For example an authority with a fiscal year ending on 12/31 should have submitted a Budget Report for FYE 12/31/2013 by 11/1/2012.

Indicates that this authority has declared its intent to dissolve. Authorities are subject to the public disclosure, reporting, and corporate governance provisions of Public Authorities Law until such time as the ABO has official verification that it is being dissolved.

A5

Appendix II
Members of the Task Force on the Implementation of the 2009 Public Authorities Reform Act Ira Millstein, Chairman Senior Partner Weil, Gotshal & Manges LLP Cathy Bell Managing Director CastleOak Securities, L.P. Scott Fein Partner Whiteman, Osterman & Hanna LLP Nancy Henze Former Executive Director Municipal Assistance Corporation for the City of New York Marvin Jacob Former Partner Weil, Gotshal & Manges LLP Lee Smith President Hartland Asset Management Corporation Thomas Suozzi Former Nassau County Executive Partner Harris Beach, PLLC

A6

2012 Annual Report on Public Authorities in New York State

Authorities Budget Office P O Box 2076 Albany, NY 12220-0076 (518) 474-1932 (Albany and Capital District) 1-800-560-1770 (For use outside the 518 area code only) E-mail address: info@abo.ny.gov
David Kidera Director Ann Maloney Deputy Director, Policy Analysis and Governance Michael Farrar Deputy Director, Compliance & Enforcement

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