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Peoria council reviews largely flat FY2027 budget while flagging water, fee and contingency risks
Summary
City staff told the council the FY2027 budget is balanced and largely flat year over year but flagged revenue risks from a proposed state fee moratorium and federal/state tax-conformity uncertainty, and highlighted a large capital plan that includes a potential $90M water acquisition.
Peoria’s City Manager Mike Faust and finance staff presented a proposed FY2027 budget on Tuesday that officials described as balanced and largely flat year over year, while warning of revenue risks that could force later adjustments.
Faust told the council the administration worked to keep spending steady and called the proposal “fiscally sound” and aligned with council priorities such as public safety, water security and economic development. He said the city’s operating budget is projected to rise about 3 percent while capital spending is up about 1 percent.
The nut of the presentation was how staff achieved…
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