posted on January 24, 2011 13:48
State Senator Michael Ranzenhofer has renewed his support for a state law that would prohibit bonuses for employees of industrial development agencies.
Ranzenhofer said today he supports a bill authored by State Senator George Maziarz that would ban bonuses to any employee of a public authority.
"The issue first came to light a couple of years ago with some pretty hefty bonuses for members of the New York Power Authority," he said.
Ranzenhofer said the bill would apply to an agency such as the Genesee County Economic Development Center (GCEDC) that was chastised by a state watchdog last week for doling out $350,000 dollars in employee bonuses over a five-year period.
"I don't think anyone questions the results they (GCEDC) has had over the past couple of years," Ranzenhofer said, "I do not favor a one-time bonus payment. It think it leaves open the opportunity for controversy and criticism as obviously we are talking about it right now."
A similar bill was introduced in the last legislative session but failed to win approval.