budget

Government
10:30 pm
Tue November 11, 2014

Amid rough road report, Peoria City Council approves new roundabout

The City of Peoria needs to spend about 15-times more money than what’s budgeted just to maintain it’s current road conditions.  That was the message from a new road study presented to the City Council last night.  The study says Peoria needs to spend $9.4 million to maintain road conditions each year.  City manager Patrick Urich says the city only has $600,000 budgeted this year:

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Government
12:51 am
Wed October 29, 2014

No changes for Peoria video gaming regulations

   The Peoria City Council continues looking for ways to regulate video-gaming parlors. Peoria Public Radio’s Alex Rusciano reports, the council adjourned without picking a final option:
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Politics
6:02 pm
Mon October 13, 2014

Federal programs draw lingering partisan tensions

About a year ago, a fight over the federal budget led to a government shutdown. Partisan tensions remain over what to do about popular, but expensive, programs.

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Government
10:21 pm
Wed September 24, 2014

Park District considers closing Donovan golf course

Credit ppdgolf.org

The Peoria Park District Board talked about closing Donovan Golf Course as part of an effort to fill a projected $1.3 million spending gap. Staff originally proposed closing Newman Golf Course to save 400-thousand-dollars. But Park District Board President Tim Cassidy says turning Donovan into a park could make more sense:

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Government
6:03 am
Tue September 23, 2014

Peoria County talks possible adjustments for 2015

Peoria County could see staff reductions, delayed road projects and increased fees in 2015. Peoria Public Radio’s Alex Rusciano reports those are some of the items discussed to fill a $3.5 million spending gap:
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Peoria Public Radio News
10:37 pm
Wed August 27, 2014

Peoria Park District outlines budget woes

The Peoria Park District says dwindling golf numbers and high operational cost from the Central Park Pool are helping drive a nearly $1 million deficit for next year's budget. The District is considering closing the pool and one or more of its six golf courses to get in the black. Peoria Park District Board President Tim Cassidy says reserve funds have dwindled by 80-percent since 2010:

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Government
9:15 pm
Tue August 26, 2014

Peoria Riverfront Museum shares latest budget numbers

The Peoria Riverfront Museum saw a surge in donations and sponsorships last fiscal year compared to what it budgeted. But the facility also had to draw $680,000 more from its reserves to cover operations than it planned. Museum President Sam Gappmayer says the deficit only lasted the first six months of the year. He says the museum made adjustments to land itself in the black for the remainder of the fiscal year:

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Education
9:58 pm
Mon August 25, 2014

District 150 School Board talks budget challenges

  Peoria Public Schools is facing a projected budget deficit of more than $12 million this fiscal year. Peoria Public Radio’s Alex Rusciano reports that’s double the spending gap for last year:
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Education
7:52 pm
Tue August 19, 2014

Bradley University projects 940 freshman students, program adjustments

Bradley University is projecting a fall freshman class of 940 students.  That’s 140 fewer students compared to last year’s freshman class. Bradley University president Joanne Glasser shared the numbers at the State of the University address. Bradley is looking to make about seven-point-eight-million dollars in cuts to hit a balanced budget for the academic year. 

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Government
4:18 pm
Wed July 23, 2014

Budget, pensions straining Illinois finances

Wall Street's view of Illinois' financial health has taken a hit, thanks largely to the state budget that took effect at the start of this month.  As IPR’s Amanda Vinicky reports, pensions also continue to be a drag.

When Illinois Democrats passed the state's latest budget, many seemed to hold their nose. Credit ratings agencies are more direct. Standard & Poor’s has revised Illinois' credit outlook to "negative."

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