Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Celtics Live

94

88

Final

Gloucester

City’s fiscal condition called strong

Continue reading below

With three consecutive years of budget surplus, including $4.8 million for fiscal 2012, Gloucester has continued its fiscally strong recent performance, Mayor Carolyn Kirk said in her annual State of the City address last Monday. Before a crowd of about 100 at the Kyrouz Auditorium at City Hall, Kirk said that the town’s Moody’s Rating was AA for the third year in a row, and she is hopeful for an upgrade in calendar year 2013. Among the initiatives on the horizon for the city: redevelopment of the 13-acre Fuller Elementary School property; updating the harbor plan for the working waterfront; breaking ground on the Beauport Hotel project; and the ribbon-cutting for the $3.5 public-private renovation of Newell Stadium, scheduled for next fall.

Loading comments...

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week