Quincy finished 2024 short of full cost
Revenue fell short of the full cost of running the city by 3.8%, a decline from recent years. The latest figure is partial because some cost components weren't available for this year.
Full-cost gap by year
Share of annual revenueAbove zero means revenue covered the measured full cost; below zero means it did not.
The General Fund collected $392.6M
Real estate and personal property taxes, net of tax refunds supplied the largest share of General Fund revenue (73.3%).
- Per resident
- $3,838
- From taxes
- 79.1%
- Real estate and personal property taxes, net of tax refunds73.3%
- Intergovernmental - state aid17.8%
- Motor vehicle and other excise taxes3.4%
- Other revenue5.4%
The General Fund spent $273.8M
Education and Public safety accounted for 78.5% of spending. Every other department shared the remaining 21.6%.
- Per resident
- $2,677
- Education48.0%
- Public safety30.4%
- All other departments21.6%
Actual spending was $6.6M below the adopted budget. That variance was spread across several departments.
The city held 0.5 months of spending in reserve
The source data classifies that level as red, and the recent direction was declining.
Important context: Quincy’s unrestricted financial position was a deficit of $1156.0M, or $11,302 per resident. Reserves and unrestricted position measure different parts of fiscal health, so both matter.