JOHN JANTAK
The 1019 Report

The Town of Pincourt posted a $4.3-million budget surplus for 2023, bringing its accumulated surplus to $14.3 million, according to its financial report unveiled last month.

The report, approved by the town’s municipal council Sept. 10, provides a detailed overview of the city’s fiscal performance in the last year.

According to the figures, the town posted total revenues in 2023 of $31,002,845, which include an allocated surplus from previous years of $1,203,193. All expenses for last year totalled $26,681,710. This left a surplus for the year of $4,321,135.

The surplus is largely attributed to increased revenue from real-estate transfer fees and savings on salaries as several positions remained unfilled last year, town officials said.

“There were more homes sold in Pincourt last year,” Mayor Claude Comeau told The 1019 Report, explaining the hike in transfer fees.

The town, however, could not provide specific details about how much was collected in property transfer fees.

The town’s unallocated accumulated surplus as of Dec. 31, 2023, hit $14.3 million and its long-term debt reached $26.7 million, a drop of 5.48 per cent, town spokesperson Vicky Sauvé said.

The mayor said the surplus reflects the town’s ability to ensure responsible development while providing diverse and high-quality services to its citizens.

“We’re very proud of our employees who were able to maintain excellent services for the population,” Comeau said.

“Their dedication was particularly remarkable during the ice storm in April 2023,” he added. “They worked tirelessly during the situation to ensure the safety of citizens. I am very proud of our entire team for their commitment and resilience.”