May Economic Index is In Posted on June 9, 2014 by JTimmons Dr. Eschker and his hardworking crew doing their usual outstanding job. Here it is.
As the price per pound of bud drops like a rock, so too does sales tax revenue and property tax assessments eventually. Fortuna, Eureka and Arcata have dropping sales tax revenue. Remember when lawyer bud commanded thousands per pound back in 2007. Our micro rank peaked then.
POLICOM addresses the condition of an economy from the viewpoint of it’s impact upon the “standard of living” of the people who live and work in an area.
The economic strength rankings are created so POLICOM can study the characteristics of strong and weak economies. The highest ranked areas have had rapid, consistent growth in both size and quality for an extended period of time. The lowest ranked areas have been in volatile decline for an extended period of time.
POLICOM has created economic strength rankings for all Metropolitan Statistical Areas and all Micropolitan Statistical Areas.
Metropolitan Statistical Areas have at least one urbanized area with a population of at least 50,000, plus adjacent territory (counties) which have a high degree of social and economic integration with the core as measured by commuting ties. They must have at minimum one county but most often include several counties.
There are 381 Metropolitan Statistical Areas (MSA).
Micropolitan Statistical Areas are typically quasi rural areas. A Micro must have an urbanized area (city) with a population of at least 10,000 but less than 50,000 population and must be at least one county and most are. The OMB has identified 536 Micropolitan Areas in the United States.
Click the links in the header above to review the rankings and definitions for the Metropolitan and Micropolitan areas.
Eureka-Arcata-Fortuna, CA (McrSA)
2013—147 2012—137 2011—79 2010—49 2009—45 2008—33 2007—21
Time to bend over one way or another, another being a sales tax increase ‘dedicated’ to public safety, which must include the jail. RREDC still has us listed in the top 15%—dated information for fly Humboldt types.
This IS fascinating stuff and I thank you. A lot.