Hess added that last year would have been the first the agency passed its budget on to the ABO rather than just including it as a line item in Colonie's municipal budget. It just slipped people's minds, he said.
Hess said he believes the move is part of a larger strategy to weed out IDAs. Through administrative bureaucracy, the state is trying to drive IDAs, which typically hand out tax cuts to businesses in their areas, into the ground, Hess said.
Anderson said that is not the case.
The latest rounds of oversight are more of an educational process, he said. Colonie is not the only IDA to have forgotten to forward its financial statement to the ABO, he said.
Once the ABO review is completed, it will be included in a report available for public review, Anderson said.""