Increasing Transparency and Economic Development Funding
Watch the original segment here.
There's an ongoing debate over the state's use of taxpayer money for economic development efforts, but a lot of investment happens at the local level, through Industrial Development Agencies.
And those are subject to oversight from the state's Authorities Budget Office- but there's still not a lot of transparency.
The ABO is working on changing that by requiring IDA's to post more information about local projects online.
Today the agency held a hearing on the proposed regulations.
Dave Friedfel of the Citizens Budget Commission and Alex Camarda of Reinvent Albany explains further.