New York’s industrial development agencies created fewer jobs in fiscal 2007 than in fiscal 2006, but at a higher cost, according to an annual report released last week by state Comptroller Thomas DiNapoli.

“Costs are up, borrowing is up, but the number of jobs is down,” DiNapoli said in a press release. “We need to evaluate the effectiveness of IDAs to make sure taxpayers are getting the right bang for their IDA bucks.”

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