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City manager places $298.1 million biennial budget on file; council schedules budget hearings
Summary
The city manager presented the proposed 2026–2027 biennial budget totaling $298.1 million, including $128.1 million in the general fund, and the council voted to receive and file the budget and set multiple budget hearings and a truth-in-taxation hearing in October and November.
On Sept. 23 the Peoria City Council received and filed the city manager’s proposed 2026–2027 biennial budget and was briefed on a schedule of budget hearings and next steps.
The manager summarized highlights: a proposed $298,100,000 two‑year budget with $128,100,000 in the general fund; proposed reserves of about $136,300,000 for 2026 (including $56,700,000 in the general fund); and a…
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