Too much made of IDA bonuses

Too much made of IDA bonuses

There are 2 comments on the Times Union story from Aug 17, 2010, titled Too much made of IDA bonuses. In it, Times Union reports that:

For the 30 years that the Greene IDA was in existence before Mr. Mathes' tenure, taxpayers saw nothing of substance in economic development.

Join the discussion below, or Read more at Times Union.


Latham, NY

#1 Aug 30, 2010
He must be a friend of the Greede IDA group!

Loganville, GA

#2 Dec 2, 2010
No Question that Sandy has done a good job!

However, with that said Sandy is paid a handsome salary to perform his job, which he has done.

But what people don't realize is the IDA grants tax relief in return for IDA fees. This is money that is robbed from the taxpayers, diverted to the IDA and ultimately handed out in bonuses to people like Sandy who do their job, and get compensated for that job before any bonus enters the picture.

There is no bonus structure laid out, its just a number pulled out of the air. Any Bonuses should be based on a concrete objective/goal target vs. results, that are measurable and the bonus should be computed based on specific criteria.

This article is clearly written one sided by a friend of Sandy Mathes.

The IDA needs more county oversight, because despite how they paint it, you're talking about money that belongs in the tax base, and the IDA diverts that money as it alone sees fit.

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