How is the Public Safety Pension Fee calculated?

Each residential and commercial property within the city of Peoria limits regardless if it is a vacant lot, or if are one or more structures, will be charged the new Public Safety Pension Fee. Each property owner will be charged a fee rate based on the square footage of the structure(s). This means that the fee rate for both residential and commercial structures are the same.

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1. What is a Public Safety Pension Fee?
2. How is the Public Safety Pension Fee calculated?
3. Why is the Public Safety Pension Fee based on structure size?
4. What will it cost?
5. Are there any exempt properties?
6. Are there options for residents with low or fixed incomes?
7. What if the structure is vacant?