Peoria Independent
Peoria City Council approved the fiscal year 2021 final budget in the amount of $665 million, 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.
RELATED: Pandemic nets flat budget: Peoria hit with big reduction in sales tax revenue
In total, the operating budget supports 1,278 full-time equivalent positions.
The budget is flat due to a projected 3.3% decrease in sales taxes from the economic downturn caused by the COVID-19 pandemic.
