Monday, July 12, 2010

Public Authorities - Debt and Bonuses

A friend sent me this the other day - The Authorities Budget Office released a report detailing debt information, staffing, procurement, IDA projects approved, and public authorities delinquent lists. It's a very interesting read!

Below the ABO annual report is another report that details the bonuses paid to Public Authority staff. About $6.5 million was paid out in bonuses, on top of the very nice salaries collected.

2010ABOAnnualReportFINAL

2010 ABO Staff Bonus Payments

This just kills me. I'm struggling to pay all of my bills and my taxes are outrageous......and these folks who get paid with our tax dollars are getting bonuses.....like the Rochester-Genesee Regional Transportation Authority (pg. 2) who finds it necessary to give out thousands in bonuses to the VP of marketing and communications, or the director of customer service, or the IT guy.

I'm stunned. Just absolutely stunned.

Apparently, paying salaries and benefits isn't enough - I still have some blood left in me - "Let's give them bonuses too!".

*sigh*

2 comments:

Anonymous said...

Good find! Unfortunately the public doesn't care about any of the corruption. With all the screaming of public employee abuse over 92% of school budgets passed easily.

D&C just found some very small abuse in RHAuthority. The real abuse is hidden under multi year funding contracts.

Our Regional Market (authority) may be the best run authority in the state. It has produced endless success stories. Operated openly, honestly and managed to save $10million. Morelle/Silver saw the $10 million and said let's shut them down and take the money. A "deal" resulted in the Market staying open but Morelle's gang took the money.

RBTL dreams is over $50 million in tax dollar political payoffs and kickbacks. Enough so that Labor has pledged $160,000 per year to fund operating losses. Not likely Labor has a love of tutus on stage. They are making so much gravy they can afford to kick back millions for operating losses.
Note D&C does not allow comments on their RBTL article but does on wegmans project.

Cummo just wrote about pension padding. Ask your town board members if they approve. Bet they won't reply. They refuse to publish employee contracts before signing them; they refuse to do what Gov Christie just did---he stood up to the public employees.

Keep publishing these items. Someday it will actually make a big difference!

Anonymous said...

Democrats talk about abolishing authorities. Maybe the structures made sense when they were set up, but now they're fronts for robbing the tax coffers. They should go.

-Anonymous 2