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Peabody council orders financial transparency items and approves $2.35 million capital bond
Summary
Councilors moved motions requesting itemized income/expenses for social services, opioid-settlement payouts, the North Shore Children's Museum revolving account and superintendent job descriptions; council also approved a $2.35 million bond for city capital improvements by roll call.
Councilors on June 12 advanced a set of financial-transparency motions and approved a capital bond order for $2,350,000.
Councilor Turco moved several information requests: the health director was asked to provide an itemized income and expense statement for FY2025 for the Social Services Department and a list of opioid-settlement amounts and payout information related to social-services programs; the finance director was asked for an itemized list of income and expenses for the North Shore Children’s Museum revolving account. Councilors approved those motions by voice vote.
Separately, Councilor McGinn moved and the council adopted a bond order authorizing borrowing of $2,350,000 for city capital improvements; the council approved the bond order on a roll-call vote, 9–0. Councilors also moved several budget referrals to the finance committee (items 7a–7f, 8f–8g) to prepare for upcoming budget hearings.
