— News about Quincy Massachusetts from Quincy Quarry News with commentary added
The week past has been a rough one.
Wicked rough.
The recent hot weather interspersed with often torrential rounds of rainfall have limited the normally relentless peeps at Quincy Quarry from hitting the mean as well as now either hot or soggy streets of the Q.
Even so, the pickings were still easy this week.
Wicked easy.
Shooting ducks in a barrel easy.
For example, this week yet another pedestrian was whacked in Quincy by a motor vehicle.
Even worse, early reports indicated life-threatening injuries were suffered by the pedestrian.
Concurrently, Quincy Quarry News’ media brethren at The State House News Service published its coverage of a recently released Massachusetts Department of Transportation study on road use risks for non-motor vehicle road users.
Particularly troubling, this Department of Transportation study noted that a record number of pedestrians were stuck and killed in 2023 with the 101 deaths statewide in 2023, a 22% increase over the previous record.
Concurrently, Quincy Quarry News exposéd agents of the City of Quincy’s Assessor’s office working the streets of Quincy so as to update the Assessor’s database in an advance of the denizens of Quincy’s two city halls setting in December local property tax rates for fast approaching Calendar Year 2024.
Spoiler alert: given the City Council’s approval last month of Quincy Mayor Thomas P. Koch’s duly calculated 9.7% spending increase in Fiscal Year 2024 city budget spending from 2023 spending, local homeowners should prepare for ugly increases in their tax bills to hit hard contemporaneously with their New Year’s Day hangovers.
How ugly?
Quincy Quarry’s Financial and other affairs desk is finally wrapping up its following the money and plans to publish next week its projections as to just how ugly will be the increases to residential property tax bills come 2024.
In the meanwhile, Quincy Quarry News’ ever-growing legions of loyal readers should prepare for ugly.
Wicked ugly not only next year, the Quarry will also be posing its further ugly for homeowners property tax increase projections through Calendar Year 2026.
In short, be sure to recall that Quincy Mayor Thomas P. Koch said earlier this year that he could tax locals (even, ed.) more.
In turn, Quincy Quarry News has since found him looking to be true to his word for a change.
At the same time, however, local large office building owners are conversely looking to soon be scoring substantial declines in their property tax bills over at least the next couple of upcoming years.
The key reason: office building property values are cratering in the wake of steep occupancy rate declines care of continuing to be significant rates of office workers working remotely and so in time also cut the property tax assessments on office buildings.
Unfortunately, this good news for office building owners will require that local residential property owners face even higher tax bills so as to cover the drop in commercial property tax revenue in addition to their also having to cover the nut for the Koch Maladministration’s profligate spending habits and as all manner of costly bad decisions made by it hit the fan.
Worse yet, for reasons complicated, Prop 2 1/2 limits will not protect local homeowners from facing outsized property tax increases in coming years.
QuincyQuarry.com
Quincy News, news about Quincy, MA - Breaking News - Opinion
No more posts