City Budget 

Proposed Fiscal Years 2026-2027 Budget


The City's fiscal year covers the period from January 1 through December 31. The Budget is presented as a biennial document, however, in accordance with the adopted financial policies of City and State law is adopted annually. 

The City is pleased to present the 2026-2027 Proposed Biennial Budget using ClearGov digital budget book software, which provides a budget book that is optimized for online viewing. This budget book will updated throughout the budget deliberation process by the City Council. 

Budget Documents

Presentations & Report Backs

2026-2027 Biennial Budget Timeline

23-Jun   Kickoff meeting for the 2026-2027 Biennial Budget with City Staff

15-July  Completed department goals due to Finance Department

31-July   Departmental Goal Review at Strategic Planning Meeting

15-Aug   First draft of budget figures completed and turned into Finance for review

18-Aug  Start initial review meetings with Department Heads

2-Sep    Department Head meetings with City Manager/Finance Director (separate meetings on CIP)

23-Sept Proposed 2026-2027 Biennial Budget Placed on File in the City Clerk's Office for Public        Viewing            

23-Sept Proposed 2026-2027 Biennial Budget Operating / Capital Budget document to City Council (Regular Meeting)               

23-Sept Publish Notice of Public Hearing for 2026-2027 Biennial Budget (at least 10 days before hearing)  

30-Sept  Budget discussions (Operating & Capital) with the City Council (Special Meeting)    

30-Sept  Estimate of Levy to Council (not less than 20 days before adoption)                        

7-Oct     Public Hearing for Budget - Start @ 6:00 p.m.         

7-Oct     Continue Budget discussions (Operating & Capital) with the City Council (Special Meeting)

8-Oct    *Publish Notice of Truth-In-Taxation Hearing for Tax Levy (if necessary)            

14-Oct   Truth in Taxation Hearing (if necessary)           

14-Oct   Continue Budget discussions (Operating & Capital) with the City Council (Regular Meeting)

21-Oct   Continue Budget discussions (Operating & Capital) with the City Council (Special Meeting)

28-Oct   Finalization of 2026-2027 Biennial Budget (Regular Meeting)         

4-Nov ***RESOLUTION Adopting the 2026-2027 Biennial Budget for the City of Peoria and Ordinance Approving 2025 Tax Levy (Regular Meeting)              

15-Nov File 2025 Tax Levy with Peoria County and Annual Budget with Peoria County            

December    Publish Final 2026-2027 Biennial Budget Documents