Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Biannual Budget topic
No spam. Unsubscribe anytime.
Peoria council reviews revised 2026'27 biannual budget; directs staff to prepare ordinance package
Summary
City Manager and Finance Director summarized packet updates and reported budget adjustments across 2025'27; council voted to have staff prepare final budget and ordinance documentation for next week's meeting so the budget can be adopted by month'end.
City Manager told the Peoria City Council Oct. 21 that the budget packet was updated to include a summary table of revisions the council approved the previous week and that staff added supporting detail to the council packet for tonight.
The Finance Director summarized the numerical changes discussed in the packet: $1,201,100 of expense and revenue was added to the 2025 budget; for 2026 the packet added $2,458,358 of revenue and reduced expenses by $609,823 (resulting in a small increase to fund balance); and for 2027 the packet added $4,835,293 of revenue and $3,731,277 of expenses, increasing the projected fund balance by $25,595. Director Cratty said both the 2026 and 2027 budgets are balanced after the listed motions.
The manager said the ordinances that will accompany final budget adoption include the debt service and property tax levy ordinances, the appropriation ordinance and five special service area ordinances setting or abating levies for those areas. "We'll bring that all back for council's approval next week so that we can wrap up the budget by the end of the month," the City Manager said.
Council Member Cyr moved and Council Member Allen seconded a motion directing staff to prepare the documentation for next Tuesday's meeting; the motion passed unanimously.
