County’s economic indicators mixed

NORWICH – A brief rundown of some of Chenango County’s economic indicators show mixed results.

Overall profit tallied on Monday following this year’s tax sale of 45 delinquent properties is about half the amount that was gained in last year’s sale of 55 parcels.

Bids on three parcels in the main sale in July ended up forfeited, resulting in an actual gain over what was owed in outstanding taxes rather than the slight loss as previously reported. But after the final count, the amount taken in for 2012 was $385,000 compared to $714,000 in 2011, according to the tax department.

Deputy Treasurer Barbara Strier said a handful of properties in Chapter 11 represented a large amount to cancel out. The county upped the budget for legal work this year in order to go after people who engaged in serial filings of bankruptcy. Strier said the tax department is currently accepting new offers on a total of 12 parcels that were rejected or not bid on, through Sept. 25, with bids opened Sept. 27.

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