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Peoria holds truth-in-taxation hearing after 6.56% increase in levy amount
Summary
The Peoria City Council opened and closed a statutorily required truth-in-taxation hearing Oct. 21 after the city's 2025 property tax levy collectible in 2026 rose by 6.56% versus the prior year; council took no public comments and will consider levy ordinances as part of the upcoming budget ordinance package.
Peoria Mayor Ali called a special City Council meeting Oct. 21 to hold a truth-in-taxation hearing after the city's finance director said the 2025 property tax levy collectible in 2026 is estimated at $34,418,810, a 6.56% increase from the 2024 levy collectible in 2025.
Finance Director Cratty told the council that "a truth in…
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