During the Peoria County Finance Audit and Legislative Affairs Committee meeting on September 23, 2025, officials provided an optimistic outlook for the county's fiscal health in the upcoming year. The discussions highlighted the status of state shared revenues, which are crucial for the county's budget planning.
Committee members noted that while some revenue streams are expected to finish slightly above budget, others may fall short. However, all funds are projected to remain above their fund balance reserve policy, indicating a stable financial position. The total ending fund balance for all funds as of July was reported at $153 million, with the general fund specifically holding $33.8 million.
A key point of discussion was the anticipated distributions from the Personal Property Replacement Tax (PPRT). To date, the county has received $4.3 million, with an expectation of an additional $1.2 million from the remaining distributions in October and December. Although this amount is below the budgeted figures, officials reassured that this shortfall has already been factored into the fiscal 2026 budget planning.
The volatility of these funding sources remains a concern, but the committee expressed confidence in the county's financial management strategies. As Peoria County prepares for the next fiscal year, the discussions underscored the importance of careful budgeting and monitoring of revenue streams to ensure continued fiscal stability.