Thursday, October 10, 2013 at 12:00 am (Updated: October 10, 12:03 am)
The city of Quincy isn’t broke.
City Manager Jack McLean said the city has encountered financial challenges in part due to revenue drops from an unseasonably warm winter and cool summer in fiscal year 2010-11, which resulted in the city incurring $3.1 million payable compared to about $900,000 the prior year.
Because the city didn’t have enough money in reserves to cover that amount, McLean said the city used a Capital City Bank line of credit to cover expenses.
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