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Chemung County IDA accepts 2026 budget, hears September financial report and ratifies checks
Summary
The Chemung County Industrial Development Agency approved its 2026 operating budget, accepted the September financial report showing a monthly net loss of about $42,000, and ratified two expense checks. Staff said projected 2026 operating revenue was raised to $360,000 and noted a new ground-lease expense likely beginning in February 2026.
The Chemung County Industrial Development Agency on Oct. 8 accepted its 2026 budget, voted to accept the agency's September financial report and ratified two check payments.
Board members voted by voice to accept minutes and the financial report before moving to the budget. Staff presented September income and expenses, reporting other income of about $10,000, rental income of $25,000 and a net loss for the month of roughly $42,000. Current assets were listed at approximately $571,000.
Agency staff said the proposed 2026 operating revenue was increased from $300,000 to $360,000. Staff…
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