Kim Janey has been sworn in as mayor of Boston, making her the first woman and first African American to hold the office. She replaces Marty Walsh, the new U.S. labor secretary. Janey vowed to fight Boston’s wealth gap.

Mayor Kim Janey: “Today, in the city of Boston, we have an enormous wealth gap. The median net worth for Black families is just $8. Eight dollars is not an accident. It is the product of discriminatory policies that we have all inherited. We need to call it out, and we need to institute new policies to address it.”

While the median net worth of Black families in Boston is just $8, the median net worth of white families in Boston is nearly $250,000 — nearly 31,000 times as much.