Schenectady County

Rotterdam IDA late with state-ordered reports

The Rotterdam Industrial Development Agency is two years late in filing mandated reports with the st
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The Rotterdam Industrial Development Agency is two years late in filing mandated reports with the state to comply with the Public Authorities Law.

The law is designed to increase accountability, openness and the effectiveness of state and public authorities, which are autonomous organizations designed to promote economic development.

The Rotterdam IDA is the only authority or agency in the region to not file its 2007 annual report and its 2008 budget report, according to the state Authority Budget Office Web site.

Rotterdam IDA Chairman Angelo Santabarbara said he is working to finish the 2007 annual report and sent the 2008 budget report to the town, rather than the state. He said he was unaware he had to file the 2008 budget with the state.

“It is our intent to be transparent and open. We will do everything in our power to be in compliance,” said Santabarbara, who was appointed IDA chairman by the Town Board in June 2007.

Santabarbara said he is awaiting some information he needs to complete the 2007 annual report.

“We have requested detailed information from companies we have dealt with in the past, and they haven’t returned the information,” Santabarbara said.

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