County budget is balanced while officials look for new sources of revenue

By Beau Ebenezer

October 10, 2013 Updated Oct 10, 2013 at 10:55 PM CDT

PEORIA Ill -- Peoria County administrators said while their 2014 budget looks good overall, they have some key issues to focus on moving forward.

Thursday night, the Peoria County Board presented a recommended $128-million fiscal budget.

This recommendation is only about 1/2% more than last year's adopted budget.

Moving forward, officials said they need to pay close attention to the decreasing revenue in motor fuel tax.

They will use about $700,000 out of their fund balance to pay for highway projects in 2014.

The motor fuel tax is normally the major source of funding for such projects.

"Major road construction and bridge replacement are two of the most expensive services that the county provides," said County Administrator, Lori Curtis Luther. "The funding stream that is available for them is going down. We really need to find new revenue streams."

County administrators added that next year they will be operating with 9 fewer full-time employees.

Aside from that, due to a decreased assessed valuation, owners of a $150,000 dollar home will pay about $4 less on the county's property tax.

A special County Board meeting to formally adopt the budget is scheduled for November 21st.

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