Post by Logan on Feb 1, 2017 20:36:43 GMT -6
Last year’s effort to reprivatize the New York Racing Association is officially dead.
Gov. Andrew Cuomo used his pocket veto powers on a reprivatization bill, the final holdover from the 2016 legislative session, on Wednesday. That action was not a surprise.
State appointees have controlled NYRA since 2012. In his 2017 budget plan, Cuomo proposes reestablishing control by a private board of directors (see part NN of the revenue bill).
But that doesn’t mean the governor is giving up on his quest for increased oversight of NYRA. He proposes enhancements of the state Franchise Oversight Board to allow it to require in certain circumstances an independent financial review of NYRA’s books, a corrective action plan be put in place and other actions be taken.
Read more: blog.timesunion.com/capitol/archives/271850/cuomo-pocket-vetoes-nyra-reprivatization-bill/
Gov. Andrew Cuomo used his pocket veto powers on a reprivatization bill, the final holdover from the 2016 legislative session, on Wednesday. That action was not a surprise.
State appointees have controlled NYRA since 2012. In his 2017 budget plan, Cuomo proposes reestablishing control by a private board of directors (see part NN of the revenue bill).
But that doesn’t mean the governor is giving up on his quest for increased oversight of NYRA. He proposes enhancements of the state Franchise Oversight Board to allow it to require in certain circumstances an independent financial review of NYRA’s books, a corrective action plan be put in place and other actions be taken.
Read more: blog.timesunion.com/capitol/archives/271850/cuomo-pocket-vetoes-nyra-reprivatization-bill/