Peabody City Council Special Meeting - June 18, 2026

The Peabody City Council held a special meeting on June 18, 2026, primarily focused on reviewing and approving the fiscal year 2027 operating budget. Key procurement-related discussions included the approval of salary ordinances for full-time and part-time city employees, with a 2% raise for FY27 after a motion passed 8-3. The council also reviewed and amended the city budget, reducing it by over $114,000 in addition to prior salary ordinance reductions, and ultimately approved a total FY27 budget of approximately $217 million. Separate enterprise budgets for water and sewer ($23.4 million) and recreation ($2.94 million) were also reviewed, amended, and approved. Several budget transfer motions were passed unanimously, including transfers for payroll, expenses, and reserve accounts across city, recreation, water and sewer, CPC, and cable fund budgets, totaling millions of dollars. These budget approvals and transfers set the financial framework for city operations and procurement activities in the coming fiscal year.