Corning — Financial Data

10,666 Population FY 2023

15.2% Fund Balance FY 2024

$2,385 Per-Capita Spending FY 2024

4.1% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

6.7 Env. Stress FY 2024

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

15.8% Poverty Rate 2023

41.8% Bachelor's+ Rate 2023

6.4% Unemployment Rate 2023

50.7% Homeownership Rate 2023

Median Household Income

$61,017 (2023)

2010 2023

Per Capita Income

$43,091 (2023)

2010 2023

Median Home Value

$148,300 (2023)

2010 2023

Median Gross Rent

$976 (2023)

2010 2023

Median Age

36.3 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Trends

Curated financial dashboard (1995–2024)

Fiscal Health

Available Fund Balance

$3,854,502 (2024)

2011 2024

Cash Position

$19,838 (2024)

1995 2024

Debt Service

$1,055,446 (2024)

1995 2024

Fund Balance %

15.2% (2024)

2011 2024

Debt Service %

4.1% (2024)

1995 2024

Per-Capita Spending

$2,385 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2013 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

6.7 (2024)

2013 2024

Top Revenue Sources

Real Property Taxes And Assessments

$8,397,364 (2024)

1995 2024

Sales And Use Tax

$5,218,028 (2024)

1995 2024

State Aid

$4,422,910 (2024)

1995 2024

Charges For Services

$4,186,311 (2024)

1995 2024

Federal Aid

$1,003,205 (2024)

1995 2024

Top Expenditures

Employee Benefits

$6,091,093 (2024)

1995 2024

Transportation

$5,029,983 (2024)

1995 2024

Public Safety

$4,923,588 (2024)

1995 2024

General Government

$3,149,665 (2024)

1995 2024

Sanitation

$1,673,707 (2024)

1995 2024

Financial Documents (55)

Year	Title	Type
2024	Corning OSC Annual Financial Report 2024	OSC_AFR
2024	Corning FSMS Report 2024	FSMS_MONITORING
2023	Corning Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Corning OSC Annual Financial Report 2023	OSC_AFR
2023	Corning FSMS Report 2023	FSMS_MONITORING

View all 55 documents →

Governance & Structure

Governance Structure

Structure: Council manager
Fiscal Autonomy: Not specified
ICMA Recognition: ICMA-recognized since 1998
Notes: City in Steuben County
OSC Code: 460210000000

School Details

Not applicable for this entity type.

Dependent Entities

Fiscally dependent entities that roll up to Corning:

Corning City School District (School district)