Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Peoria Council adopts $1.2 billion FY‑26 budget; truth‑in‑taxation triggered for small primary levy increase
Summary
The Peoria City Council unanimously approved the city’s fiscal 2026 final budget and a required truth‑in‑taxation finding after county assessed valuations increased, adding roughly $194,000 in expected primary levy revenue for existing properties.
The Peoria City Council on June 3 adopted the city’s final fiscal year 2026 budget and approved a required truth‑in‑taxation finding after county assessed valuations rose, creating a modest increase in the primary property tax levy.
City finance staff described the budget as balanced and said most of the year‑over‑year growth reflects capital projects and carried‑over spending. “The budget as proposed is balanced in every way,” Deputy Finance Director Peter Christiansen told the council at the public hearing.
The proposed budget…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
