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— Quincy Massachusetts News by Quincy Quarry News – News, Opinion and Commentary

 

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(“Ruh roo”)
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While reviewing Quincy Mayor Thomas Koch’s Fiscal Year 2026 budget book, the quants on the Quincy Quarry News Financial and Other Affairs desk noticed that something usually included in budget books in recent years was missing: the full Standard and Poor credit report for the City of Quincy.

In turn, such baited a search by the Quarry’s quants and they so found that a month ago Standard and Poor hung a negative outlook on the City of Quincy, something which the Koch Maladministration has failed to disclose..

 

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An even closer haircut looks to be coming …
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While not a downgrading of Quincy’s credit grade rating per se, a negative outlook is warning sign that a future rating grate cut is possible, if not also likely given the City of Quincy’s curious finances. 

For example, Quincy Quarry is working a story about $16 million problem.  As such, expect the Quarry to be reporting on this story as soon as possible, especially as at the end of the day this latest koched-up development is going to cost local taxpayers even more money.

In fact, a lot of money as in around $16 million.

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