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Authorities Budget Office

October 22, 2013

The Authorities Budget Office (ABO) is undertaking a series of reviews of selected local development corporations (LDCs) across the state to better understand the public purposes for which each LDC was formed, and to gain insight as to how these corporations function and expend public funds. These reviews will also increase public awareness of the operations of LDCs.  The ABO has completed its limited scope review of the City of Kingston Local Development Corporation (KLDC).  The report concludes that much of what KLDC does is consistent with its statutory purpose, however it has also taken on projects and activities that are city functions.  The final report is posted on the ABO web site and available to the public at: www.abo.ny.gov.

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