Ahead of this year’s budget deliberations, the city of Peoria released the digital budget book. This online resource will allow users to see financial information on the City’s operating budget, personnel expenses, department spending, capital improvement projects and timelines, and more. Visitors will also have access to funding sources and fund summaries.
The budget dashboard was announced by Finance Director Kyle Cratty at the October 10 City Council meeting. Director Cratty noted, “This is the first year we are using an online budget transparency tool. This is a live, interactive tool on our website so the Council and the community can have access to the same information in what I hope is a more accessible transparent format.”
Information pertaining to the budget can also be found on the Finance Department's 2024-2025 Budget page. This page will include presentations made at City Council meetings and report-backs to the City Council. The initial review of the biennial budget is scheduled for Tuesday, October 17 at 6:00 p.m. in Council Chambers. The City Council will meet every Tuesday until the passage of the biennial budget. The budget must be passed and filed with the County Clerk by the last Tuesday in December.
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