To the editor:
The Quincy City Council is to be lauded for refusing to consider Mayor Koch’s proposal to separately account Quincy Center redevelopment costs in a wholly different set of books outside of the city’s annual budget.
An accounting of Quincy Center redevelopment spending is a good thing; however, Koch’s proposal sought to move $5.4 million out of his Fiscal Year 2020 budget and so hide the fact that his proposed all-inclusive spending increase from this year’s budget is $19.4 million – a 6.25 percent increase – instead of the “only” 4.7 percent, $14 million increase alleged by Koch.
Additionally, Koch’s proposed separate books accounting would hid the fact that core city debt service costs are going up by $4.13 million from this year’s $19.25 million debt expenses instead of the $519,000 decline also dubiously claimed by Koch.
Further, the proposed off book separate accounting would camouflage the fact that Quincy Center redevelopment debt service costs are likely to double over the next several years or thereabouts.
Further yet, Koch’s proposed Quincy Center budget includes hiring of three people without first seeking the City Council’s approval of adding these new positions.
In short, Koch’s proposal is nothing but yet another instance of financial Koch and mirrors.
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