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Streator staff outlines cuts and TIF transfers to close budget gap; council leans to advertise 4.99% levy
Summary
City staff told the Streator City Council an original general‑fund deficit (about $1.73 million in the published report) could be reduced through capital deferrals, equipment deletions and transfers from TIF and home‑rule sales‑tax reserves; council members signaled support to advertise a 4.99% levy, which can be lowered later.
City staff presented the preliminary 2026 budget and tax‑levy options after an audit of revenues and expenses. The staff presentation began from a published budget report dated Nov. 2, 2025, which showed an initial general‑fund deficit of approximately $1,734,085. Staff proposed a package of reductions and reassignments to trim the gap:
- Remove a $130,000 fire training center building project to reduce the deficit. - Defer a $350,000 ambulance purchase; staff said an ordered ambulance may not be delivered in the upcoming fiscal year. - Consider using TIF proceeds to fund…
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