Video Economic Development

Increasing Transparency and Economic Development Funding

Capital Tonight

September 04, 2018

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.