To the editor:
On behalf of the Marblehead Municipal Employees Union (MMEU), we extend our sincere congratulations to the Town of Marblehead for achieving a AAA bond rating — a recognition that reflects the Town’s continued financial excellence and responsible fiscal management.
The Daily Item article of Oct. 6 highlights several key factors of the Town’s strong financial position, including:
- The Auditor’s clean opinion of the Town’s financial audit, affirming transparency and sound accounting practices.
- A financially healthy and sustainable budget, supported by prudent management and long-term planning.
- Investment income that has doubled from the prior year, demonstrating effective stewardship of public funds.
- Strong pension obligation management, ensuring the Town remains fiscally responsible to both its employees and taxpayers.
The MMEU commends the Town’s leadership, financial team, and all departments whose work has contributed to this exceptional outcome. With such a solid foundation, we are confident that the next round of contract negotiations will be both productive and constructive, reflecting the Town’s financial strength and shared commitment to its deserving workforce and proud community.
Once again, congratulations on this significant accomplishment, one that reflects the collective strength, dedication, and integrity of our Town.
Respectfully,
Leandro DiFilippo
Marblehead Municipal Employees Union President
