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Finance committee approves $285,000 transfer for police retroactive pay, overtime and longevity
2452800 · February 28, 2025
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Summary
The committee approved a $285,000 transfer from reserve and free cash to police salary accounts to fund retroactive pay for police captains, overtime, and longevity adjustments; a city finance official said the contract is nearly finalized.
The Peabody City Council Finance Committee voted to transfer $285,000 to police payroll accounts to fund retroactive pay for police captains, overtime, and longevity adjustments.
City Finance Director Mike Gingras told the committee the transfer will fund retroactive pay primarily for police captains who have…
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