government

Peoria budget reflects ‘robust economic growth’

Recovering from the economic uncertainty of the COVID-19 pandemic, Peoria has brought forth a proposed budget for the new fiscal year reflecting “robust economic growth,” officials said.

This includes favorable sales tax revenue and federal fiscal stimulus revenue allowing for growth and financial flexibility, said City Manager Jeff Tyne.

The fiscal year 2023 proposed budget totals $783 million, which represents a 12.7% increase, or about a $40 million increase from last year’s budget.

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