Reform Called 'Death Knell' for Idas

Summary


Another pending bill in Albany would do that. Since that bonding authority expired, more than $2.3 billion of nonprofit construction and expansion projects have been stalled by the state's inaction, according to McMahon.

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Extract


Reform Called 'Death Knell' for Idas

In the prevailing political climate of soaring budget deficits and spending-cut pressures, economic development officials are watching the progress in Albany this spring of reform legislation that one said would be "the death knell" for industrial development agencies in New York.

Democratic sponsors of bills pending in the state Assembly and Senate sai...

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