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Peoria approves budget, CIP

Posted by   /  May 26, 2020  /  No Comments

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Peoria Independent

Peoria City Council approved the tentative fiscal year 2021 budget in the amount of $665 million, as well as the fiscal years 2021-2030 Capital Improvement Program in the amount of $783 million.

Council will consider the final budget, June 2.

The new budget is a decrease of 0.75% from the previous year. The operations component of the budget totals $313.3 million, which represents a 0.50% increase from fiscal year 2020.

In total, the operating budget supports 1,278 full-time equivalent positions.

The capital budget includes investments in various capital improvements throughout the city and is the first year of the 10-year program.


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