Region of Queens residents have reason to be happy.
An audit was just completed of the region’s finances for last year and they were found to have a surplus of $138,000.
Mayor David Dagley says in addition to trimming expenses they’ve seen more money from deed transfer taxes.
“And that’s indicating that the real estate market is very active in the Region of Queens, and that’s a good thing.”
Dagley says a busy market also means more work for tradespeople as homeowners upgrade their new purchases.
The mayor says $138,000 isn’t a large amount in the context of a $19 million dollar budget, but it’s always better to report a surplus.
“The Auditor’s report is a credit to our staff who are very diligent in recording the financial operations of the Region of Queens.”
Dagley expects to see another good year ahead in the region based on the number of properties being bought and sold.
He says as a council and staff they must be prudent when spending taxpayers dollars and they’re very cautious in that regard.
