NY state comptroller to audit ORDA

— As of fiscal year end March 31, 2012, ORDA reported 304 active procurement contracts totaling nearly $27.5 million, of which 167, valued at nearly $7 million, were either not competitively bid or were non-contract procurements.

Since the creation of the Port Authority of New York and New Jersey in 1921, New York has added more than 1,000 state and local public authorities. These entities collectively employ more than 150,000 people, spend more than $50 billion annually, and have nearly a quarter of a trillion dollars in debt outstanding. DiNapoli has stated that New York’s continued reliance on public authorities heightens the need for improved accountability and transparency.

The report is based on self-reported data by public authorities to the Office of the State Comptroller. The data, which is not independently verified by the Comptroller, is for the most recently reported fiscal year.

For a copy of the report, visit: http://www.osc.state.ny.us/reports/pubauth/orda2013.pdf.

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