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City of Peoria setting sights on 2019 budget

PEORIA, Ill - Last December, the City of Peoria anticipated roughly $8 million of surplus for 2019. However, the outlook has since changed and the financial reality looks more bleak.

Now the city is looking at a $6 million deficit next year and needs to figure out a way to get ahead of it.

Tuesday night issues mentioned included higher than anticipated pension costs and less money from property and sales taxes.

City Manager Patrick Urich told WMBD that right now, leaders are mulling over if it should make cuts, or find ways for more revenue.  

Meanwhile, Urich is working on a plan to do both and will present it to city leaders in about a month.

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