Peoria County Ways & Means Committee

The Peoria County Ways & Means Committee met on May 5, 2026, to discuss various county administrative updates and financial matters. Key procurement-related discussions centered on the proposed transition to the Illinois Finance Authority's Property Assessed Clean Energy (PACE) program. This program offers a financing structure for energy efficiency and renewable energy projects, funded through private capital and repaid via property tax bills or directly to lenders. The committee reviewed the benefits of adopting this statewide program, including reduced administrative burden and broader lender participation, compared to the current county-administered program. The committee unanimously approved moving forward with the Illinois Finance Authority program to enhance economic development opportunities. Other agenda items included reports from county officials on tax collections, exemptions, and veterans' services, but no additional procurement actions were taken.