Peoria City Budget

A brisk Peoria City Council meeting on Tuesday set the stage for approval of a two-year budget, with stormwater utility fees remaining flat.

Peoria city leaders are on track to approve a two-year balanced budget by the end of the month — without previously recommended fee increases.

Peoria City Council members will consider a series of possible budget adjustments to close a $3 million gap in the city's proposed spending plan for 2026.

The City of Peoria’s proposed financial plan for 2026 sees the property tax rate virtually unchanged from the current fiscal year, but a $3 million overall budget imbalance has some city council members suggesting spending cuts.

Peoria City Council members are getting their first looks at the city staff's proposed two-year budget. The recommended spending plan has 2026 anticipated expenses of $301 million and projected revenues of $298 million.

The City of Peoria’s updated financial plan for 2025 is formally in place. The $288 million revised biennial passed during Tuesday night’s city council meeting, along with a $32.3 million property tax levy for the next fiscal year.

A proposal to keep Peoria’s tax levy dollar figure unchanged from a year ago suffered a narrow defeat during Tuesday night’s special city council meeting to continue budget negotiations.

A path toward construction of a new landfill for Peoria County cleared a second vote Tuesday night when the Peoria City Council approved a reworked agreement with GFL Environmental.

Peoria Mayor Rita Ali discusses city council budget deliberations, short-term rentals, declining the option to pursue a buyout of the water company, the five-year strategic plan and downtown revitalization in her latest monthly interview with WCBU.

Peoria's proposed $321.8 million budget for the 2024 fiscal year has revenues decreasing 6.2%, while expenses are going up 5.4%. City Manager Patrick Urich provides additional details on the initial budget proposal.