2024-2025 Budget Information

Proposed Fiscal Years 2024-2025 Budget

The City's fiscal year covers the period from January 1 through December 31. The Budget is presented as a biannual document, however, in accordance with the adopted financial policies of City and State law is adopted annually. 

The City is pleased to present the 2024-2025 Proposed Budget using ClearGov digital budget book software, which provides a budget book that is optimized for online viewing. This budget book will updated throughout the budget deliberation process by the City Council. 

2024-2025 Biennial Budget Timeline

20-July  Kickoff meeting for the 2024-2025 Biennial Budget with City Staff

31-Aug   First draft of budget figures completed and turned into Finance for review 

4-Sep    Start initial review meetings with Department Heads|

18-Sep  Department Head meetings with City Manager/Finance Director (separate meetings on CIP)

10-Oct   Proposed 2024-2025 Biennial Budget Placed on File in the City Clerk's Office for Public Viewing       

10-Oct   Proposed 2024-2025 Biennial Budget Operating / Capital Budget document to City Council (Regular Meeting)            

13-Oct   Publish Notice of Public Hearing for 2024-2025 Biennial Budget (at least 10 days before hearing

17-Oct   Budget discussions (Operating & Capital) with the City Council (Special Meeting)

17-Oct   Estimate of Levy to Council (not less than 20 days before adoption)

20-Oct   *Publish Notice of Truth-In-Taxation Hearing for Tax Levy (if necessary)

24-Oct   Public Hearing for Budget - Start @ 6:00 p.m. 

24-Oct   Continue Budget discussions (Operating & Capital) with the City Council (Regular Meeting)

31-Oct   Truth in Taxation Hearing (if necessary)

31-Oct   Continue Budget discussions (Operating & Capital) with the City Council (Special Meeting)

7-Nov    Finalization of 2024-2025 Biennial Budget (Regular Meeting)

14-Nov ***RESOLUTION Adopting the 2024-2025 Biennial Budget for the City of Peoria and Ordinance Approving 2022 Tax Levy (Special Meeting)

17-Nov File 2022 Tax Levy with Peoria County and Annual Budget with Peoria County

December           Publish Final 2024-2025 Biennial Budget Documents