Budgets and Financial Information
FISCAL YEAR 2022-2023 BUDGET
Below are links to PDF documents of the FY23 Budget in draft and adopted stages and discussed at various Budget Workshops or City Council meetings. They include the following:- April 25, 2022 City Council Meeting: FY23 Operating and Capital Budget (4-25-2022 ADOPTED FINAL Version)
- April 4, 2022 Budget Workshop on FY23 Operating and Capital Budgets (4-1-2022 Draft Version)
- March 07, 2022 Budget Workshop on FY23 Capital Improvement Budget (3-14-2022 Draft Version)
FISCAL YEAR 2021-2022 BUDGET
- Fiscal Year 2021-2022 Budget Transmittal Letter
- Fiscal Year 2021-2022 Draft Operating and Capital Budget (Adopted 4-26-21)
- Budget Presentation in PowerPoint
The Fiscal Year 2020-2021 Budget can be accessed through the following link: Click here for a copy of the budget document
FISCAL YEAR 2019-2020 BUDGET
The Fiscal Year 2019-2020 Budget was adopted on April 29, 2019. Click here for a copy of the budget document.
FISCAL YEAR 2018-2019 BUDGET
The Fiscal Year 2018-2019 Budget was adopted May 4, 2018. Click here for a copy of the full budget document. A full copy of the budget presentation is available for viewing at City Hall or the Pekin Public Library. For Fiscal Year 2018-2019 Line Item Detail only click here.
--------------------------------------------------------------------------------------------------------------The Fiscal Year 2018-2019 Budget was adopted May 4, 2018. Click here for a copy of the full budget document. A full copy of the budget presentation is available for viewing at City Hall or the Pekin Public Library. For Fiscal Year 2018-2019 Line Item Detail only click here.
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REVENUE OPTIONS TO ADDRESS INFRASTRUCTURE NEEDS AND UNFUNDED PENSION OBLIGATIONS:
The Pekin City Council is contemplating the use of several available funding options it could pursue to address two of the most pressing issues facing the city: infrastructure deterioration and unfunded pension obligations. Below is a link to the presentation on these options, as well as, links to recent news media reporting on the issue. The funding options that hold the most promise to address these issues are through the local gas tax and the enactment of an electric & gas utility tax and natural gas use tax. Click on the presentations below to learn more.
REVENUE OPTIONS TO ADDRESS INFRASTRUCTURE NEEDS AND UNFUNDED PENSION OBLIGATIONS:
The Pekin City Council is contemplating the use of several available funding options it could pursue to address two of the most pressing issues facing the city: infrastructure deterioration and unfunded pension obligations. Below is a link to the presentation on these options, as well as, links to recent news media reporting on the issue. The funding options that hold the most promise to address these issues are through the local gas tax and the enactment of an electric & gas utility tax and natural gas use tax. Click on the presentations below to learn more.
- Utility Tax Powerpoint Presentation (4-18-2019)
- Pekin city officials play host to public forum on pensions, infrastructure (Peoria Journal Star, April 19, 2019)
- Pekin City Council to consider new taxes on gas, utilities (Heart of Illinois ABC, April 22, 2019)
- Pekin City Council postpones votes on tax changes until next week (Heart of Illinois ABC, April 22, 2019)
- Pekin leaders table decision on proposed taxes (CIProud.com, April 22, 2019)
- Pekin eyes slate of new taxes to pay for pensions, infrastructure needs (WEEK.com, April 22, 2019)
As explained in the presentation, utility tax revenues would go toward investment in capital improvements and infrastructure, as well as, having some portion of revenues go towards the city’s unfunded pension liabilities. Would you support that? Do you have other thoughts on addressing these issues? Please use the below email address to submit your comments to let us know.
Email Contact: citymanager@ci.pekin.il.us