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Article from Cape May County Herald

Housing Sales Dip Hits County Budget

county budget | 6 weeks 2 days ago | Comments 1

By Al Campbell

County Administrator Steve O'Connor addresses Cape May County Chamber of Commerce March 20. Photo by Al Campbell

SWAINTON — The housing sales slump has made an impact on Cape May County government’s revenues, according to County Administrator Steve O’Connor.

He spoke about various facets of county government at the monthly meeting of the Cape May County Chamber of Commerce on March 20 at Avalon Golf Club.

“Two years ago, we generated over $10 million in real estate transfers. This year it will be less than $6 million and we anticipate next year it will be about $4 million, based on what happens in the housing market,” O’Connor said.

Print | Email Updated 6 weeks 2 days ago

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