2024-2025 Budget Information
Proposed Fiscal Years 2024-2025 Budget
The City's fiscal year covers the period from January 1 through December 31. The Budget is presented as a biannual document, however, in accordance with the adopted financial policies of City and State law is adopted annually.
The City is pleased to present the 2024-2025 Proposed 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.
2024-2025 Biennial Budget Timeline
20-July Kickoff meeting for the 2024-2025 Biennial Budget with City Staff
31-Aug First draft of budget figures completed and turned into Finance for review
4-Sep Start initial review meetings with Department Heads|
18-Sep Department Head meetings with City Manager/Finance Director (separate meetings on CIP)
10-Oct Proposed 2024-2025 Biennial Budget Placed on File in the City Clerk's Office for Public Viewing
10-Oct Proposed 2024-2025 Biennial Budget Operating / Capital Budget document to City Council (Regular Meeting)
13-Oct Publish Notice of Public Hearing for 2024-2025 Biennial Budget (at least 10 days before hearing
17-Oct Budget discussions (Operating & Capital) with the City Council (Special Meeting)
17-Oct Estimate of Levy to Council (not less than 20 days before adoption)
20-Oct *Publish Notice of Truth-In-Taxation Hearing for Tax Levy (if necessary)
24-Oct Public Hearing for Budget - Start @ 6:00 p.m.
24-Oct Continue Budget discussions (Operating & Capital) with the City Council (Regular Meeting)
31-Oct Truth in Taxation Hearing (if necessary)
31-Oct Continue Budget discussions (Operating & Capital) with the City Council (Special Meeting)
7-Nov Finalization of 2024-2025 Biennial Budget (Regular Meeting)
14-Nov ***RESOLUTION Adopting the 2024-2025 Biennial Budget for the City of Peoria and Ordinance Approving 2022 Tax Levy (Special Meeting)
17-Nov File 2022 Tax Levy with Peoria County and Annual Budget with Peoria County
December Publish Final 2024-2025 Biennial Budget Documents