Channel 6 News - Search Results
You Paid For It: Accountability and bonuses
When Fulton County's once thriving tannery industry began to fade, and vacant storefronts started popping up in downtown Gloversville and Johnstown, there was little doubt the county needed help with economic growth -- and it got some of that from its economic development corporation and its real estate arm the crossroads incubator corporation -- they helped bring companies like Fage Yogurt to town.
But here's the thing -- records show the two men who ran those entities, got some impressive economic growth of their own. Over three years, Jeff Bray and Peter Schiochetti gave each other bonuses totaling about three million dollars.
David Kidera is the director of the state budget authorities office -- the agency that oversees public authorities.
Bray and Sciochetti are gone and so is the money -- the edc and cic have been folded into a new entity -- the center for regional growth. That agency and its board have both just been censured by the state authorities budget office. That office says board members were "asleep at the switch" when the bonuses were handed out. The current center for regional growth president says new safeguards have been put in place, as the CRG still tries to recoup some or all of the bonus money.
Jeff bray's attorney says his client did extraordinary work in Fulton County and legitimately earned all the money he was paid.