Page 20 THE EVERETT ADVOCATE – FRIDAY, OCTOBER 23, 2020 MassPort Noise Complaint Line: 617-561-3333 CITY RECEIVES | FROM PAGE 1 balance in fiscal 2019 of 15 percent of operating expenditures • Very strong liquidity with total government available cash at 23.9 percent of total government fund expenditures, 4.1x governmental debt service and access to external liquidity that the City considers strong • Very strong debt and contingent liability profile with debt service carrying charges at 5.8 percent of expenditures and net direct debt that is 43.5 percent of total governmental fund revenue, as well as low overall net debt at less than three percent of market value and rapid amortization, with 75.6 percent of debt scheduled to be retired in 10 years, but a large pension and other postemployment benefi ts (OPEB) obligation • Strong institutional framework score According to S&P, “The stable outlook refl ects our view of the city’s very strong reserve position, conservative budgeting practices, and strong manage* Crack Repairing * Pot Hole Filling * Striping Handicapped Spaces * Free Estimates Tom’s Seal Coating Call Gary: 978-210-4012 Clean-Outs! We take and dispose from cellars, attics, garages, yards, etc. We also do demolition. Best Prices Call: 781-593-5308 781-321-2499 Space for Lease 3 Large Rooms, each with Large Walk-in Storage Area. or Aerobics Studio. Located at Route 1 South at Walnut Street. Rollerworld Plaza, Route 1 South, 425 Broadway, Saugus. Call Michelle at: 781-233-9507 ~ HELP WANTED ~ Construction Help Wanted Seeking Full-Time Laborers Basic construction knowledge, MA Drivers License with clean driving record a must. EVERETT ALUMINUM Call Steve at: (617) 389-3839 ment conditions, which we believe provide it with adequate cushion to absorb any unanticipated declines in revenues or unexpected stagnation in its economy as a result of the uncertain economic recovery or events related to COVID-19.” The AA+ bond rating is consistent with Everett’s ratings in prior years. This high rating provides a very optimistic outlook for the years to come with a strong fi nancial future.
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