2018 budget

City Council Approves 2018 Budget, Increases Fees

Dec 6, 2017
Cass Herrington / Peoria Public Radio

The City of Peoria has a budget for next year, but the vote was not unanimous.

Funding for the Peoria fire department continues to be a stumbling block in developing an overall city budget for next year.

Cass Herrington / Peoria Public Radio

Peoria Public Radio

The Peoria City Council is close to approving its 2018 budget except for one contentious item -- the mothballing of a fire truck.

City Council Grapples With Budget Shortfall

Oct 4, 2017

The city of Peoria faces a budget gap of about $5.5 million this year, a deficit that grows to nearly $8 million next year if no changes are made.

Peoria County 2018 Spending Plan is Balanced

Sep 29, 2017
Cass Herrington / Peoria Public Radio

Peoria County’s proposed budget for 2018 creates a surplus in revenue by the end of the year. But County Board Chairman Andrew Rand says while that may look good on paper, it’s no cause for celebration. 

The city of Peoria faces a nearly $8 million dollar deficit in next year’s budget, a deficit that will grow to $11 million dollars by 2020 without corrective action.

Peoria City Manager Patrick Urich reported to the city council Tues. that one of the primary reasons for the growing deficit is the mandatory contribution for pensions.

"In 2012, were levying about $16-million for all of our retirement costs. In 2016, we were at $19.7 million," Urich said. 

Katherine Johnson / Flickr/Creative Commons

 SPRINGFIELD, Ill. (AP) - The Illinois House plans to continue debating a proposed income tax increase as the Senate returns to the question of a property tax freeze.