Local development agencies miss state filing deadline

Three Tompkins County agencies are among various public authorities in New York that have not filed their financial reports on time, according to the New York State Public Authorities Budget Office.

The Ithaca Urban Renewal Agency, the Tompkins County Area Development Corporation and the Village of Groton Industrial Development Agency are all delinquent in their filings, according to the New York State Authorities Budget Office.

Ithaca and Tompkins County’s audit and annual reports were due March 31 of last year. Groton’s reports were due August 31.

Under New York State law, local public authorities must file a budget report 60 days prior to the start of the municipality’s fiscal year. The Authorities Budget Office has the authority to “publically warn and censure authorities for non-compliance” with the filing requirements.

If warnings and censure do not work, the office has the power to recommend the “suspension or dismissal of officers or directors, based on information that is, or is made, available to the public under law.”

Tuesday’s report constitutes an official warning to those authorities that appear on this list.

The complete report is available here

January 17, 2013 By staff
Ithaca Independent