– News about Quincy from Quincy Quarry.
Quincy Quarry Weekly Fish Wrap: Peace on Earth is over.
With Christmas past and people now hitting the malls in droves to make returns and catch after Christmas clearance sales as well as burdening delivery services with online gift returns that are likely to end up in landfills, it is also back to Q-you Charlie time.
For example, any day now the Koch Maladministration will be mailing out the first quarter local property tax bills and so just ahead of holiday shopping inflated charge card statements.
Quincy residential property owners are looking at an average 4.6% property tax bill increase in 2020, and so approaching three times the projected rate of inflation for 2019 to cover the nut for the free-spending Koch Maladministration.
Even more disconcerting, koched-up City of Quincy spending is slated to be going up by 6.3% during Fiscal Year 2020 – and which began on July 1 of this year, a rate of increase approaching four times the rate of inflation.
Further, the Koch Maladministration has variously set the stage for City of Quincy annual budgets to remain locked in structural deficit status for at least the intermediate term and so likely to keep annual local property tax increases painful for the foreseeable future.
Further painful yet, the maladministration is facing the need to secure new city employee union contracts in 2021.
After all, one can only reasonably assume that city employee pay raises will likely feature healthy to very healthy annual increases in the wake of their current lean five year contracts which were set when the economy was still reeling from the Crash of 2008.
Accordingly, one can only reasonably assume that upcoming years’ residential property tax bill increases will thus all but assuredly at least reflect this year’s painful increase, especially as New Development property tax growth will eventually moderate as most readily redeveloped property in Quincy has already been developed or is currently under construction.
Plus, generous campaign contributors can only reasonably be assumed to be expecting to enjoy an attractive rate of return on their campaign contributions – even when such campaign contributions were illegal, if not especially so.