The state’s 574 public authorities increased their debt 19 percent over the past five years and created 1,642 fewer jobs than they estimated, a report today found.
Eighteen authorities also gave out bonuses to more than 2,200 employees in 2012, with 64 of them getting extra pay of more than $10,000, the annual report from the state Authorities Budget Office found. Of the bonuses, 42 went to staff at major medical centers.
Among authorities, the highest salary and bonus went to Michael Israel, the CEO of Westchester Medical Center. His total compensation in 2012 was nearly $1.4 million, including a nearly $340,000 bonus, the report said. There was no immediate comment from the hospital.
The Genesee Economic Development Corp. was the only industrial development authority to award bonuses in excess of $10,000 to employees; six received them. The highest went to Steve Hyde, the agency’s CEO, who received $312,388 in total compensation, which included a $142,000 bonus in 2012, the report said.
Genesee County has landed several major Greek yogurt manufacturers in recent years. But between 2008 and 2012, the tax exemptions that the agency approved for companies netted only 14 new jobs — 52 fewer than projections, the report said.
Earl Wells, the authority’s spokesman, said the bonus program ended last year. He disputed the job-creation figures in the state’s report. He provided data that showed 300 jobs were created last year, particularly at the yogurt facilities.