Assessments levied on New York’s industrial development agencies have economic development officials and some lawmakers up in arms. Bills due at the end of March began going out to the state’s 116 IDAs last month. The assessments were included in the state’s fiscal 2010 budget and were intended to raise $5 million for the general fund.
“The IDAs are very upset,” said Westchester County Industrial Development Agency executive director Theresa Waivada. Her agency was assessed $62,874 on $1.3 million of gross revenue reported in its 2008 audited financials.