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Peoria council reviews largely flat FY2027 budget with capital-heavy plan and targeted staffing requests
Summary
City staff presented a proposed FY2027 budget that keeps tax rates unchanged and holds overall spending roughly flat while shifting major dollars to capital projects; operating costs rise ~3%, utilities include a pre-approved 5.1% rate increase, and staff highlighted a $90M water acquisition flagged in the CIP.
City of Peoria staff presented a tentative FY2027 budget at a council study session, telling the council the plan holds tax rates steady while managing modest operating increases and sizable capital spending.
City Manager Mike opened the session, emphasizing staff work to keep total spending flat year over year while calling attention to large capital items. CFO Sean said the proposed budget totals about $1.185 billion, with capital representing roughly half of that ($579 million) and operating about $493 million, a roughly 3% increase. The plan includes no property‑tax or sales‑tax rate increases; a previously approved 5.1% utility rate increase is built…
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