Dear Stakeholders,
The staff of the New York Thoroughbred Breeding and Development Fund mailed out award checks for the first period of 2014 on Tuesday, March 4th. The more than $1.15-million mailing represents 90% of awards earned in January and February. As we have done in the past, a 10% “holdback” is being implemented to ensure that all award earners can be paid at an equal rate throughout the year. We hope to be able to pay 100% of the holdback early next year, as we did this year for the 2013 holdback. The following is a breakdown of the first-period awards.
Award Type $ Awarded (90%) # of Checks
Breeder $840,933 213
Stallion $198,729 46
Owner $115,974 32
Total $1,155,636 291
As always, I’d like to remind you to notify us immediately if your mailing address changes. Simply e-mail the Fund at [email protected].
Here’s hoping spring arrives soon and that your breeding season is a success.
Sincerely,
Tracy Egan, Executive Director
