A new era of transparency began this Monday for hundreds of our state public authorities – whether they like it or not.
For decades these agencies were able to keep multiple sets of books that advocates dubbed a “shadow government” – books that they were not obliged to share with anyone. This practice is now history with the passing of the Public Authorities Reform Act. It requires many of these quasi-governmental corporations to be more transparent and required even to subject themselves to independent audits.
“We certainly have the authority now to recommend that board members be censured, that they be warned and in the most extreme cases, we can recommend to the governor or to the local appointing authority that board members be removed from office,” said David Kidera, Acting Director for the Independent Authorities Budget Office.
But this information isn’t just for government officials like Liu or DiNapoli. The information is also going to be available online for anyone with an internet connection and a whole bunch of time ! Click here for your chance to play junior auditor.