An Easy Money Associates/Orion Pictures image.

 

– News about Quincy Massachusetts from Quincy Quarry News with commentary added.

 

| quincy news

Quincy Quarry News Photo Recon Team Six in action
Image via SeasonsTech

Quincy Quarry News Financial and Other Affairs desk broke out its tactical gear to slog through Quincy Mayor Thomas P. Koch’s proposed Fiscal Year 2024 budget and which he presented to the Quincy City Council earlier this week.

Few annual events are a bigger slog through bovine byproduct for Quincy Quarry News personnel than wading through the manure promulgated via Mayor Koch’s annual budgets.

Even worse, this proposed budget proposes a record breaking going away spending increase.

How big an increase? 

A 9,8% increase from last year’s final adjusted authorized budget appropriations total of $369.6 million.

Mayor Koch has conversetly claimed “only” an 8.9% increase from Fiscal Year 2023 spending.

| quincy news

Fool on a stool …
A file photo

A “small” problem; however: he “forgot” to factor in a $3 million trimming of what was a fat budgeted Fiscal Year 2023 Health Insurance budget line so that he could head off an additional $75 increase on the average local homeowners’ property tax bill while having concurrently tapped almost $20 million in various now all but empty city reserve funds so as to head off a further $500 increase on the average homeowner’s owner’s tax bill.

In any event, earlier this week Mayor Koch has made much of how new union contracts have fueled the spending increase.

So what for the fact that the union contract raises only run 3% this year as well as union member wages only costs only run no more than roughly 20% of the mayor’s total spending increase ask for Fiscal Year 2024 whereas increased debt service expense arising from Mayor Koch’s massive borrowing habit is running twice as much.

Then again, Mayor Koch is said to have been at best a C student at North Quincy High School and is a Quincy Junior College dropout, not to mention that his time in office as mayor has confirmed that math is not something with which he is all that familiar.

| quincy news

Killing trees, taxpayers – whatever.
A Tobe Hooper image

In turn, this year’s proposed just short of four hundred page budget sets a new low for killing trees.

For example roughly forty percent of the Fiscal Year 2024 budget budget book featured year to date actually spending data. 

So what for the fact Fiscal Year 2023 had nearly seven weeks yet to go when these data were tabulated and thus are at best approximations of what actual year spending will be.end up running by year end.

Even worse, the Fiscal Year 2023 actual spendings to date provided are not tabulated in the same fashion as is the budget and thus further even less useful.

Further worse, Fiscal Year 2022 actual spending data are nowhere to be seen even though such should be noted per standard operating procedure when presenting such a consequential budget.

Then again, actual spending data will only confirm that city spending is variously koched-up to a fair thee well.

QQ disclaimer

 

Pin It on Pinterest