Peabody Finance Committee

The City Council Finance Committee reviewed the city’s proposed fiscal year 2025 budget of $197,352,196, an increase of $10,135,620 from the FY24 budget. Mayor Ted Bettencourt said the city received $4.6 million in net state aid last year, but will only receive $1.4 million this year, placing an “additional burden” on the city’s taxpayers. The increase of the city side of … [Read more...] about Peabody City Council reviews FY25 operating budget