Multiple Felony Arrests Stemming from Audits

In Audit Findings by Hal Peterson0 Comments

Back in June, Comptroller Thomas DiNapoli of New York, issued three audits detailing millions of dollars in fraud by private companies that provided special education services to preschool children with learning disabilities. The findings are so serious that a recommendation has been made for the legislature to create a permanent audit division within the comptroller’s office and rethink the way’s …

DiNapoli: Are Industrial Development Agencies Productive?

In Audit Findings by Hal Peterson0 Comments

The Office of the New York State Comptroller issued in early May an Annual Performance Report on the New York State’s public benefit corporations (Industrial Development Agencies) that were created to facilitate economic development in specific areas by attracting, retaining or expanding businesses. To accomplish this mission these organizations offer financial assistance in the form of tax-exempt debt financing and …

Operational Review of three Economic Development Entities Audit I.D. # 3456 Issued by the Authorities Budget Office -December 20, 2011 Executive Summary:

In Audit Findings by Hal Peterson0 Comments

In addition to the Schenectady County Dep’t. of Economic Development and the City of Schenectady Dep’t. of Development, seven local authorities have been created for economic development purposes. The audit found the mission statements of all authorities is similar i.e. create jobs and spur development, increase property values, expand the local tax base and increase sales tax revenues. To accomplish …

The great train robbery: An audit of MTA overtime costs

In Audit Findings by Hal Peterson0 Comments

As I have mentioned in previous columns, the Metropolitan Transportation Authority (MTA), with over 71,000 employees, is, without question, the most beleaguered, problem prone and costly public authority operating in New York state. To illustrate how ludicrous, absurd, ridiculous, preposterous, nonsensical, comical, farcical, foolish, stupid, and daft things are, I suggest we start by examining how the MTA has managed …