What is a Public Safety Pension Fee?

Since the City Council is concerned about increasing property taxes too high, there was no desire to increase property taxes to cover pension obligations. The City established the Public Safety Pension Fee to meet the pension obligations. The fee is based upon the size of the structure on a property.

The Public Safety Pension Fee is a new fee started in 2019 to be used entirely to fund state-obligated police and fire pension payments and reduce the burden on the city of Peoria's property taxes. The new Public Safety Pension Fee has been enacted for three years (2019 to 2021).

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1. What is a Public Safety Pension Fee?
2. How is the Public Safety Pension Fee calculated?
3. Why is the Public Safety Pension Fee based on structure size?
4. What will it cost?
5. Are there any exempt properties?
6. Are there options for residents with low or fixed incomes?
7. What if the structure is vacant?