PEORIA, Ill. -- Peoria City Council members went over their first ever 2-year budget Tuesday night, which the city manager called very conservative.
Projected expenses for Peoria's 2014 fiscal budget saw a 1 percent reduction down to $186 million.
Revenues are estimated to be more than $190 million, down just slightly from last year.
Over the next two years, more than $6 million is expected to be added to the city's fund balance, but officials are concerned about a general fund deficit in 2015.
"What we would really like to do is come back to you on a regular quarterly basis and talk about how well we are doing against this spending plan," said Peoria City Manager Patrick Urich. "Also, we really want to take the time over the next five months to work on that number for 2015, so we can try to get that number back in line."
The city's tax levy not expected to increase for 2014.
Next year, the city is looking to add seven positions, including six new police officers and one field supervisor in the community development department.