Emilia Teasdale is reporting in the Columbia Paper two local authorities are out of compliance with state law as a result of their failure to file one or more financial reports as required, according to a recently released report from the state Authorities Budget Office. Authorities are independent entities created by state or local governments to perform specific governmental tasks. According to the report, the city of Hudson Community Development and Planning Agency is delinquent with its annual report, which was due in March 2014. The Village of Valatie Local Development Corporation did not submit its budget, annual report or audit last year. In an email to the paper, Jason Nastke, president of the Valatie authority, apologized to the public for being out of compliance and said that following an ongoing audit, the corporation's financials will be posted immediately. The Valatie Local Development Corporation owns the US Hotel building and the Trolley Station on Main Street in the village. Nastke said once the hotel is sold, the authority will be dissolved. Read the full story in the Columbia Paper.