Industrial Development Agencies with Revoked Authority

Section 859 of General Municipal Law requires each Industrial Development Agency (IDA) to file annual audited financial statements and certain supplemental schedules with the Office of State Comptroller (OSC). These filings are made through the on-line Public Authority Reporting Information System (PARIS). When, after a series of notifications from OSC, an IDA has still not complied with reporting requirements, OSC must inform the IDA and the municipality for whose benefit it was created, that the IDA shall no longer offer financial assistance in the form of State Tax Exemptions.

The current list of IDAs have not complied with Section 859 of General Municipal Law for the noted fiscal year(s) and shall no longer offer financial assistance that provides exemptions from State taxes is as follows:

• Corinth Industrial Development Agency (2011 through 2024)
• Dunkirk Industrial Development Agency (2024)
• Geneva Industrial Development Agency (2024)