Summary
Finance Director Kyle Cratty presented the proposed 2027 Revised Budget, which outlines $338 million in revenues, $348 million in expenses, and a $10 million use of fund balance primarily for capital projects. Public review and hearings are scheduled over the coming weeks.
At a glance
- Total mentions
- 6
- Last 30 days
- 4
Rising — discussed at 4 meetings since Sep 8, 2026, up from 1 in the two months before.
Impact analysis
General fund revenues of $136.1M balanced against $136M expenses; overall budget utilizes $10M in fund balance for capital projects.
All Peoria taxpayers and city service recipients.
None directly identified, though budget adjustments may impact specific departmental allocations.
Mentions & discussions (7)
Joint Review Board (TIF Districts) - Nov 5, 2026
The Joint Review Board is scheduled to review annual financial reports, fund balances, and project expenditures for Peoria's TIF districts, including the Eagleview TIF. These reviews ensure that tax increment funds are properly managed and that redevelopment activities comply with state law.
City Council - Oct 27, 2026
Public hearing drew no speakers. Pension out-year payments have dropped thanks to steady funding, and adding benefits for Springdale Cemetery workers could cost $127,000–$388,000 for health insurance. Adoption expected in December.
City Council - Oct 20, 2026
The city presented its draft 2027 budget, detailing revenues, rising contractual and supply costs, and reserve fund targets. Officials emphasized maintaining fiscal discipline while addressing unfunded mandates and community needs.
City Council - Oct 13, 2026
Finance Director Kyle Cratty presented the proposed 2027 Revised Budget, which outlines $338 million in revenues, $348 million in expenses, and a $10 million use of fund balance primarily for capital projects. Public review and hearings are scheduled over the coming weeks.
City Council - Sep 8, 2026
The city established a new 23-year TIF district along West Main Street from Monroe to University to encourage economic redevelopment, combat blight, and spur private investment. While supporters argue it is necessary to revitalize vacant commercial spaces, critics raised concerns about rising property values and overall tax burdens.
City Council - Aug 11, 2026
The city held a public hearing on the creation of a new TIF district along West Main Street to encourage commercial redevelopment and investment.
Dutch Bros gets some tax break love from the Peoria City Council
Dutch Bros gets some tax break love from the Peoria City Council CIProud.com
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