I discovered that the front pulley, i.e. the spindle pulley, rotates under the nut securing it when I use a 3" hole saw. Evidently the force required to turn the hole saw is too much as the attachment stops turning while the pulley continues to spin under the nut. There is no belt slippage. As the photo shows, there is a sleeve onto which the nut is threaded. The spindle moves up and down freely, as it should. There are no set screws visible on the 4-tier pulley. Attempts to turn the nut either counter-clockwise or clockwise while securing the hole saw do not cause the nut to rotate. My last attempt simply detached the chuck at the morse taper. I've looked at lots of old postings and YouTube videos but I'm stymied. I can't figure out how to tighten the pulley. I'm sorry if my description is murky; it reflects my confusion.