Peoria City Council approves 2022/2023 budget, passes pension proposal – WMBD (Peoria)

Council members found a solution on how to fund a $4 million dollar gap in public safety pensions: setting aside just over $4 million dollars from the 2021 general fund balance for the next two years. At-large Councilman Zachary Oyler said, “It’s revenues and expenses and we’re budgeting to spend more money than we’re budgeting to bring in at a time where we have record numbers of both."