Recession Rebounding?

By WBNG News

July 26, 2010 Updated Jul 26, 2010 at 6:31 PM EDT

Binghamton, NY (WBNG Binghamton) A recent poll says the Greater Binghamton area has the lowest overall consumer confidence in New York State.

But Broome County sales tax revenue notes otherwise.

So are people starting to spend more?

Here's Action News Reporter Leigh Dana.

While the Oakdale Mall is populated with people, not all of them are shopping frugally.

Many are buying with limitation.

"Just buying the things you really need. If you don't need it, you don't get it," said Angela Aiello of Whitney Point.

"We make sure that we look for things on sale. We had a coupon for American Eagle. We just sort of plan our purchases, spread them out a little bit," said Ann Marie Faughnan of Binghamton.

But, as the nation's economy rebounds from recession, so does Broome County.

Some big ticket items, like cars are starting to drive off dealership's lots again.

"I would say everyone is doing pretty good. It's not tremendous. It's not like it was four or five years ago where the country was selling 17 million cars. But our area is doing well here."

Marie Kalka is the county's acting Commissioner of Finance, "For the most part we are confident that consumers are starting to feel better about it and starting to spend."

In the last few months Broome County's sales tax revenue has increased.

However it is down 1.5% from this time last year.

"I think the reason people are a little reluctant to spend is because there's so much influx in federal, state and local levels of government .I think people tend to look at that and say, 'okay the government's in a little bit an influx, do we have the confidence that our economy is going to rebound and get back on its feet?" said Kalka.

She is optimistic that people will start shopping even more by the end of the year.

Leigh Dana, WBNG TV Action News.

A recent Siena Poll says the Greater Binghamton area saw the lowest overall consumer confidence in New York State.

And has the lowest willingness to spend in upcoming months.

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