Inaction shuts off bonds; IDA law expires, forcing groups to borrow from state agency at higher cost (Rick Moriarty/Syracuse Post-Standard)
Cheers & jeers (editorial/Binghamton Press & Sun-Bulletin)
Jeers to the state Legislature for stalling renewal of industrial development agency legislation. The quasi-public agencies that provide low-cost financing and tax breaks to projects that generate new jobs also assist not-for-profit groups with construction projects, and now those projects are in jeopardy. Get your acts together, guys and gals, so that nursing homes, associations for the disabled and low-income housing providers can get what they need.