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Peabody City Council approves $207.9 million FY2026 budget after cuts and late communications
Summary
After several late communications and line‑by‑line adjustments, the City Council adopted a $207,868,341 FY2026 budget on June 26; individual motions trimmed several departmental line items and the council also approved enterprise budgets for water/sewer and recreation.
The Peabody City Council voted on June 26 to adopt the fiscal year 2026 municipal budget at $207,868,341 after a multi‑day review that included late communications, several motions to reduce line items and separate votes on enterprise budgets.
The nut graf: Finance Committee Chair Councilor McGinn led a series of hearings June 17, June 24 and June 26 that produced multiple amendments and transfer motions; the council approved the final aggregated budget by roll call (motion carried 8–3). The council also approved the water & sewer enterprise budget ($21,961,000) and the recreation enterprise budget ($2,961,000) under…
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