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Peoria finance director reports April 2025 revenues holding; civic center bridge loan repaid
Summary
Finance Director Kyle Cratty reported April 30 unaudited figures showing revenues roughly on budget and expenses below expected levels; the Civic Center has repaid a bridge loan in full and sales tax trends are stronger than anticipated though grant timing affects year-to-date comparisons.
Peoria’s finance director presented the city’s unaudited financial report for the month ended April 30, 2025, telling the City Council on June 10 that revenues were near budget and expenses trailed projected levels, a combination the director called a positive sign for the year.
Finance Director Kyle Cratty said the city’s revenues are roughly flat against the budget and up about 2.5% compared with the prior year, while expenses were down about 5.2% versus budget and down 7.3%…
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