EV Vol. 29, No. 43 -FREEEVE ER TT AADD www.advocatenews.net The Advocate–A household word in Everett! CTE CAT AT Free Every Friday 617-387-2200 A BUSINESS CHECKING ACCOUNT THAT CHECKS ALL THE BOXES. LOW MONTHLY FEES - ONLINE BANKING & BILL PAY REMOTE DEPOSIT CAPTURE - COIN SERVICES TALK TO US TODAY ABOUT OUR DIFFERENT BUSINESS CHECKING ACCOUNTS. WE’LL HELP YOU FIND THE RIGHT OPTION. EVERETT – 419 BROADWAY LYNNFIELD – 7 7 1 SALEM STREET 61 7-38 7 - 1 1 10 Visit our website to learn more at: EVERETTBANK . COM Member FDIC Member DIF ayor Carlo DeMaria was pleased to announce that the City of Everett has received an exceptional AA+ bond rating from Standard & Poor’s Global Ratings (S&P). S&P is a municipal bond credit rating agency that provides organizations a way to rate their fi - nancial situation. “I am proud of the rating that the City of Everett earned from S&P,” said DeMaria. “This rating illustrates our fi nancial stability during these unprecedented times. I am confi dent that the City will maintain its strong economic stance into the future.” S&P highlighted the City’s strengths as: • Strong economy with acRIGHT BY YOU cess to a broad and diverse metropolitan statistical area • Strong management with good financial policies and practice under its Financial Management Assessment methodology • Adequate budgetary performance with operating results that could improve in Carlo DeMaria Mayor the near term relative to fi scal 2019, which closed with operating defi cits in the general fund and at the total governmental fund level in fi scal 2019 • Very strong budgetary fl exibility with an available fund recognized by Rep. McGonagle CITY RECEIVES | SEE PAGE 20 Bakes & Cakes owner E Friday, October 23, 2020 City receives AA+ bond rating from S&P’s global ratings M State Representative Joseph McGonagle recently presented Renata Kapisch, the owner of Bakes & Cakes, with a citation highlighting her accomplishments as an immigrant entrepreneur. (Courtesy Photo)
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