Peoria City Council Special Meeting: Truth in Taxation, Stormwater Freeze, Budget Discussion (October 21, 2025)
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Peoria City Council Special Meeting Summary - October 21, 2025
On Tuesday, October 21, 2025, at 6:00 PM, the Peoria City Council held a special meeting. The agenda included a Truth in Taxation public hearing, the first reading of a stormwater utility fee freeze ordinance, and a discussion to finalize the 2026-2027 biannual budget. All motions on the floor passed unanimously.
Public Comments & Testimony
- Truth in Taxation Hearing (Item 25-293): The Council opened the hearing for public comment on the proposed 2025 property tax levy. No members of the public requested to speak, and the hearing was closed unanimously.
Discussion Items
- Truth in Taxation Hearing (25-293): Finance Director Craddy explained that the hearing was triggered because the proposed aggregate increase exceeds the statutory five percent threshold. The proposed 2025 levy (collectible in 2026) is estimated at $34,418,810, a 6.5% increase over the 2024 levy of $32,299,747. The tax rate is projected to remain flat at 1.3483%, as the increase is wholly driven by expected citywide Equalized Assessed Valuation (EAV) growth.
- Stormwater Utility Fee Freeze (25-294): Director Craddy presented the first reading of an ordinance amending Chapter 31 of the city code. The amendment is a technical requirement to freeze the stormwater utility fee at 2021 levels for 2026 and 2027, overriding the automatic CPI increase built into the existing ordinance. The automatic increases are scheduled to resume in 2028. Councilmember Kelly confirmed with the Director that if the freeze lapses without further council action, rates would adjust by the standard CPI for the intervening years.
- 2026-2027 Biannual Budget Discussion (25-278): The City Manager reviewed the final budget summary. The 2026 budget adds $2,458,358 in revenue and reduces expenses by $609,823, resulting in a $6,681 addition to the fund balance. The 2027 budget adds $4,835,293 in revenue and $3,731,277 in expenses, increasing the fund balance by $25,595. Both budgets are balanced.
Key Outcomes
- Truth in Taxation (25-293): The public hearing was conducted with no public testimony. The council will proceed with the formal adoption of the levy.
- Stormwater Fee Freeze (25-294): The Council unanimously voted to receive and file the first reading of the ordinance. A second reading and final vote will be required for adoption.
- Budget Finalization (25-278): The Council unanimously directed staff to prepare the final budget ordinances for approval at the next regular meeting. This includes the property tax levy ordinance, appropriation ordinance, debt service property tax abatement levy, and five special service area levies. The target is to finalize the budget by the end of October.
Meeting Transcript
To get started with our short meeting. Holy shit. Doctors in the house and I got a piece of cake or something. I don't know. What do you want? Do you want a stick or you're I mean I'm not what are you thinking? Yes. I'll see how long that meeting goes. Good evening, everyone. It is six o'clock PM on Tuesday, October 21st, 2025. I'd like to call the special meeting of the Peoria City Council to order. I'd also like to welcome everyone who's here in our council chambers as well as our listening audience watching on cable channel 22 and on YouTube. Madam Clerk, the council mics are open. Please call the roll. Mayor Ali. Present. Councilmember Allen. Present. Councilmember Carmona. Here. Councilmember Sear? Here. Councilmember Gordon Young. Present. Councilmember Jackson. Councilmember Kelly. Here. Councilmember Euler. Here. Councilmember Riggenbach. Councilmember Valpula? Present. And Councilmember Vespa. Here. You have a quorum present, Madam Mayor. Thank you, Madam Clerk. I'm expecting that Councilwoman Jackson will arrive momentarily. Okay. That's it. Thank you. Everyone, please join me and stand for a moment of silent prayer or silent reflection, followed by the Pledge of Allegiance. Madam Clerk, we have one public hearing. 25-293 is a excuse me, a communication from the city manager and finance director comptroller with a request to hold the truth in taxation hearing regarding the 2025 property tax levy. Thank you, Mr. Manager. Thank you, Madam Mayor. I'd like to turn the floor over to our finance director to explain the truth in taxation hearing prior to any public comment. Okay, thank you. Thank you, Mr. Manager.
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