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Posted on: October 13, 2023

City of Peoria Biennial Budget Information

Image of laptop with digital budget book page on screen

Ahead of this year’s budget deliberations, the city of Peoria released the digital budget book.  This online resource will allow users to see financial information on the City’s operating budget, personnel expenses, department spending, capital improvement projects and timelines, and more.  Visitors will also have access to funding sources and fund summaries.  

The budget dashboard was announced by Finance Director Kyle Cratty at the October 10 City Council meeting. Director Cratty noted, “This is the first year we are using an online budget transparency tool.  This is a live, interactive tool on our website so the Council and the community can have access to the same information in what I hope is a more accessible transparent format.”  

Information pertaining to the budget can also be found on the Finance Department's 2024-2025 Budget page. This page will include presentations made at City Council meetings and report-backs to the City Council.   The initial review of the biennial budget is scheduled for Tuesday, October 17 at 6:00 p.m. in Council Chambers.  The City Council will meet every Tuesday until the passage of the biennial budget.   The budget must be passed and filed with the County Clerk by the last Tuesday in December.  

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

Additional Info...
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