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Toronto ends year in black

December 29, 2012
Weirton Daily Times

TORONTO - The last City Council meeting Thursday ended on a high note, with the city budget ending the year in the black.

Mayor John Geddis said the city's good financial outlook will enable it to do more projects in the coming year. "I congratulated council and the department heads for (ending the year in the black)," said Geddis, adding the city currently is on solid financial ground.

"We want to demolish more (dilapidated) structures this year. I also asked council members to make lists of streets in their wards that need paved."

Geddis said council passed an ordinance relating to year-end city finances. He also said it was the last council meeting for city Auditor Bob Owen, who announced his retirement at the previous council meeting. Owen has served as auditor for 10 years.

"I've always been lucky to work with good (city) auditors," said the mayor, adding Owen will be missed.

Geddis also said he knew the city was fortunate to be in good financial shape when other neighboring municipalities are struggling with tight budgets.

"We ended this year in the black," Geddis said. "We're looking forward to 2013."

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