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Peoria council sets city levy estimate at $34.42 million, finance director urges maintaining current rate
Summary
The council accepted a city levy estimate of $34,418,810 at a rate of 1.3483 under 35 ILCS 200/18-60; Finance Director Kyle Cratty recommended maintaining the current truth-in-taxation rate rather than recapturing prior-year growth.
Peoria City Council accepted an estimate of the city’s property tax levy of $34,418,810 at an estimated rate of 1.3483, the council recorded in agenda item 25-277.
Finance Director Kyle Cratty told the council that accepting a levy estimate is a procedural step and not a binding final levy. Cratty said the estimate maintains the current rate subject to truth-in-taxation and recommended not attempting to…
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