- The Racing Oversight Board wants more information on NYRA's personnel expenses before it will sign off on its 2009 budget. Citing the dormant economy, chairwoman Laura Anglin (also Governor Paterson's budget director, so excuse her if she's in a crappy mood these days) expressed concern "about the revenue and expenditure assumptions that are contained in the budget" Oh, that's all?
Board member Steve Diamond questioned a "sharp" increase in retirement costs, and referred to a reduction in cash flow for 2009; odd since the association is projecting its first profit since 2000.
But the most depressing note I saw was this:
NYRA officials also said they will continue not charging for parking or admission to Aqueduct, an effort begun last fall, because they found it is cheaper than having to provide staff to collect the money. [Bloodhorse.com]That is really sad on a couple of accounts, though the thought of the poor folks who've lost their jobs obviously overshadows the fact that Aqueduct can't even attract enough people for NYRA to pay them.
Irene Posio, NYRA's CFO, claimed that Saratoga will improve over last summer's results, though not quite back to 2007 levels. She also expects the Aqueduct winter meet to improve because the horse fields are stronger. So I guess she's excited about Scott Lake and Michael Maker being here too.