Town of Corning — Financial Data

5,983 Population FY 2024

$255 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$415 Part-Town Per Capita Spending Outside villages only FY 2024

23.5% Debt Service FY 2024

1.7 Fiscal Stress FY 2024

10.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Riverside (pop. 423), Village of South Corning (pop. 1,108). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, health, public safety, sanitation, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, debt service, employee benefits, general government, health, public safety, sanitation, transportation).

Villages in Corning

Total village population: 1,531 (26% of town)

Village of Riverside pop. 423

Village of South Corning pop. 1,108

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

6.6% Poverty Rate 2023

40.7% Bachelor's+ Rate 2023

4.1% Unemployment Rate 2023

88.9% Homeownership Rate 2023

Median Household Income

$87,240 (2023)

2010 2023

Per Capita Income

$51,540 (2023)

2010 2023

Median Home Value

$175,500 (2023)

2010 2023

Median Gross Rent

$1,088 (2023)

2010 2023

Median Age

43.2 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$4,800,019 (2024)

2011 2024

Full Value of Taxable Property

$516,822,745 (2024)

2011 2024

Debt Service

$2,089,785 (2024)

1995 2024

Debt Service %

23.5% (2024)

1995 2024

Town-Wide Per Capita Spending

$255 (2024)

2010 2024

Part-Town Per Capita Spending

$415 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

1.7 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

10.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$3,790,751 (2024)

1995 2024

Sales And Use Tax

$985,000 (2024)

1995 2024

Federal Aid

$781,392 (2024)

1997 2024

State Aid

$716,057 (2024)

1995 2024

Use And Sale Of Property

$288,146 (2024)

1995 2024

Top Expenditures

Transportation

$3,146,560 (2024)

1995 2024

General Government

$2,235,483 (2024)

1995 2024

Employee Benefits

$992,764 (2024)

1995 2024

Public Safety

$207,599 (2024)

1995 2024

Utilities

$137,443 (2024)

1997 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Corning OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Corning OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Corning FSMS Report 2024	FSMS_MONITORING
2023	Town of Corning Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Corning OSC Annual Financial Report 2023	OSC_TOWN_CSV_AFR

View all 84 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 460320100000

School Details

Not applicable for this entity type.