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Quincy treasurer unveils PayIt rollout and reports $286,000 in treasury gains from short-term treasuries
Summary
Treasurer Molly Smith told the council the treasurer/collector's office will adopt PayIt for online payments, offer e-billing and mobile payments, and the office’s US Treasury ladder investments produced approximately $286,000 in additional revenue.
Treasurer and Collector Molly Smith told the council that the treasurer’s office is implementing a new online payment platform, Quincy PayIt, and reported recent gains from a short-duration U.S. Treasury ladder structure implemented last year.
Smith said the treasurer’s office, a staff of eight, processed roughly 300,000 taxpayer payment receipts year-to-date, funded more than 113,000 payroll deposits and completed 36,000 vendor payments. To modernize…
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