The so-called DIF program, established in Quincy in 2006, allows the city to pay for downtown infrastructure projects by borrowing against the projected future property assessments and repay the loans with property tax revenue exclusively from the city’s downtown district. Wollaston Center: Quincy moving ahead with Wollaston revitalization effortsĭowntown: Quincy defends little-used Generals Bridge, say it 'wasn't built for today'
#QUINCY ANIMAL SHELTER UPDATE#
Mahoney said she'd like an update on how bonds sought through the city's district-improvement financing program have been used downtown before the city potentially establishes a second district in the Wollaston area. The 14,900 square-foot shelter design not only includes housing and adoption facilities for lost and/or abandoned dogs and cats as well as exercise yards but. She asked for a presentation on the status of the animal shelter project as well as an update on how $3.5 million appropriated for the project years ago has been spent. Mahoney said she's heard rumors that the Quincy Animal Shelter is moving ahead with a temporary location, but that the council has been given no updates. Tiki bar included: $4.5M Squantum waterfront home in the Top 5 South Shore sales this week 'It's complicated': Little progress made on plans for new Quincy Animal Shelter
#QUINCY ANIMAL SHELTER CODE#
Mayor Thomas Koch last year said finding a workable site for the shelter has been more difficult than anticipated, and said the shelter will likely need to find an interim space between when the police station project starts and its own building can go up. Quincy Animal Shelter is a non-profit organization under section 501(c)(3) of the Internal Revenue Code and a recognized Massachusetts charity. The Quincy Animal Shelter on Broad Street will move to make way for a proposed public safety complex. "If we are going to have a conversation about the retirement system in general, we should probably broaden the conversation to include whether or not the city pensioners would be better served in investing their retirement funds in the state-governed system, rather than the local-governed system," Palmucci said. Roughly $450 million borrowed by the city last year to fully fund Quincy's pension system is under the management of PRIM.
Palmucci also asked the board to come prepared to discuss whether it would make sense to move money managed by the Quincy Retirement Board into the management of PRIM, state Pension Reserves Investment Management Board.
Quincy: Hackers broke into city servers, demanded money in exchange for data
11: Quincy city pension investment manager lost $3.5 million in an email phishing scam The Quincy board didn't discover the fraud until eight months later.įeb. The email included instructions for a $3.5 million wire transfer, which the manager made in February 2021. The Quincy Retirement Board is under investigation by the Public Employee Retirement Administration Commission after one of the board's investment managers received an email from a former employee's board email account, which had been hacked.
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