Authorities Budget Office
  ●  Accountability ● Transparency ● Integrity
 

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

1    

 

STATE  OF  NEW  YORK  

 

Authorities Budget Office
 
  E-­‐mail  address:   Info@abo.ny.gov  

P  O  Box  2076 Albany,  NY    12220-­‐0076
WWW.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
 
  E-­‐mail  address:   Info@abo.ny.gov  

P  O  Box  2076 Albany,  NY    12220-­‐0076
WWW.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  non-­‐ compliance   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
 
  E-­‐mail  address:   Info@abo.ny.gov  

P  O  Box  2076 Albany,  NY    12220-­‐0076
WWW.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   re-­‐ established   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,  

5    

               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    

6    

               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/11-­‐ 02EnforcementPowersofTheAuthoritiesBudgetOffice.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    

7    

               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.              

8    

               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

9    

               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

                                                                         
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

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

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 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

                                                                         
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 5.15 141.39 8.04 0.07 13.85 0.93 12.47 6.08 8.89 5.16 1.24 5.07 14,115.54 13,115.23 152.53 6.64 0.05 12.30 0.94 13.72 5.57 9.17 5.19 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 0.66 0.06 18.36 34.72 35.09 0.49 0.29 41.51 5.76 1.42 0.96 0.29

2008 Amount
261.57 63.62

2009 Amount
176.97 60.34 455.39 19.86 2,170.92 22.41 13.92

2011 Amount
186.61 68.36 155.11 3,487.01 2,075.07

2012 Amount
203.05 79.05 133.74 2,352.12 2,177.17

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

                                                                         
2012 Amount
0.13 0.09 0.05 0.04 0.72 0.02 0.33 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 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 0.00 0.96 0.07 0.00 2.00 0.22 1.53 0.09 0.10 0.09 0.29 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 0.04 0.01 0.02

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

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

                                                                         
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

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

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

                                                                         
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

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

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

                                                                         
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

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

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

                                                                         
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

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

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                
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

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

2008 Debt Outstanding
16.62 0.68 1.04 12.64

2009 Debt Outstanding
4.49 16.36 0.54 0.99 12.41 6.98 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                
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

2008 Debt Outstanding

2009 Debt Outstanding
1,273.69

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      $60      $40      $20      $-­‐     2008     2009     2010     2011     IDA   LDC   Local  (Other)   State    $68.4  billion    

 $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

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

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 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

                                                                         
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

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

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

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

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

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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