City Council Study Session 9-1-26

The Digital Peoria City Council held a study session on September 1, 2026, focused on discussing the potential for a bond authorization election to fund critical infrastructure projects without raising taxes. City staff presented detailed information on bond financing, including types of bonds, voter authorization requirements, and the city's current debt capacity and property tax rates. They highlighted that the city could add $580 million over 20 years for capital improvements in water, wastewater, streets, parks, and public safety. The council discussed the importance of forming a citizen bond advisory committee to guide project prioritization and ballot structure, with recommendations expected by March 2027. While no formal vote was taken, there was general support to proceed with establishing the committee to explore the bond election further.