PEORIA, Ill -- Peoria County expects to make up a predicted $2.3 million shortfall in its general fund, without cutting services.
If the proposed 2013 budget is passed, property owners may pay less in taxes.
According to our partners at News Radio 1470, County Administrator Lori Curtis Luther told the board Thursday that the newly proposed budget will be balanced.
Under it, property owners will enjoy a ninth straight year of a flat tax rate.
The assessed valuation of a $150,000 home will see $6 less on the county portion of their tax bill next year.
"The 2013 budget development process took into consideration the slowly recovering local economy and a continued, cautious approach to the still uncertain economic times," said Curtis Luther.
Overall, the recommended budget is $203.5 million, a 16 percent decrease over last year.
The county will work with at least 18 fewer employees next year due to attrition, according to Curtis-Luther.
The operating plan still needs formal county board approval.