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ImageTompkins County Administrator Joe Mareane has issued the Tompkins County Quarterly Indicators Report for October 2009.  The report uses the most recent data available to provide insights into the major social, economic and fiscal trends that impact Tompkins County and its budget.

“As it has throughout this year, the global recession continues to dominate the County’s fiscal and social environment,” Administrator Mareane states.  “The third quarter saw sustained levels of general economic distress in the form of high unemployment, low consumer confidence, and price deflation. The effects of the recession on the County’s fiscal health were reflected in high human service caseloads and continued deterioration of sales tax revenue and investment income.”

Among other indicators, the report notes:

  • Countywide sales tax collection through August at 6% below the same period last year, although the rate of decline slowed appreciably in the third quarter.
  • A 3% decline in welfare cases from the previous quarter, but still 12% higher than 2008.  Food stamp caseloads rose by 4% and were 19% higher than a year ago, with foster care placements stable, but still 6% higher than a year ago and 21% higher than in August 2007.
  • Interest rates on County deposits decreased slightly, to an average of .7% in August.
  • The County’s unemployment rate remains well above a year ago, but decreased to 5.6% in September, contrary to state and national trends.

On the positive side:

  • County overtime spending through August was down 22% from the year before.
  • Airline activity remains very strong, with year-to-date emplanements through August up 25% over 2008.
  • Fuel costs declined over the third quarter, remaining well below last year’s level.

 
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