And although some will see an increase in their property taxes for the upcoming fiscal year, Peabody residents continue to pay among the lowest tax rates not only in Essex County but in all of Massachusetts. Our sizeable tax base, our healthy reserves, and our strong credit rating allow us to provide a high level of municipal services while maintaining the affordability that has long been our city’s calling card.
Peabody is on the rise. We are a diverse community of hard working people and close knit neighborhoods. We share pride in our industrial past as a center of New England’s leather industry- as well as in the progress we have made driving the region’s economy in the 21st century.
Great progress has been made, but there is much more work to be done. As mayor, I will continue to strive to live up to the faith and confidence that you have placed in me. Together with the outstanding people sworn in tonight, I will work hard every day for the good of our city.
We will embrace the values and traditions that all Peabody citizens hold dear. For we are Peabody. And we rise together.
Thank you very much.