Peoria City Council Observer Report
Wow. The Consent Agenda passed with no one removing an item. Of course there were only 4 items on that agenda. Short meeting – an hour and 17 minutes.
Recommendation from the Planning and Zoning Commission and Staff to ADOPT an ORDINANCE Amending Appendix A, the Unified Development Code, relating to short term rentals in all residential zoning was deferred until Aug 11.
Recommended 2020 - 2021 BUDGET RESTRUCTURING as a Result of the COVID-19 Pandemic. The Council has provided direction to reduce capital programs by $26.7 million and restructure January 1, 2021 debt payments of approximately $10 million and the issuance of a $20 million line of credit and/or working cash bond. At the May 12th Council meeting, Council directed the Manager to come back with a recommended $10 million in operational cuts.
A total debt service package of $30 million would require additional resources to repay the debt. The additional $2 million needed to restructure debt could be absorbed by existing revenues, however the $20 million of working capital would need a repayment source. Assuming that source was property taxes, the increase would cost the owner of a $100,000 an additional $66.66 per year.
The recommended operating reductions which will result in service reductions include staff reductions of 94 employees, contractual and supply reductions of $3.3 million. The position reductions include 37 vacant positions across the organization and 57 positions that would be reduced by layoff.
Voluntary separation for firefighters with 20 years of service was deferred to Aug 11 ($25,000 incentive toward health insurance premiums for early separation if processed in August.)
The 50-year storm last week created havoc in Councilwoman Moore’s district. Homeowners have had issues of water backup into their homes.
Cheryl Budzinski, Observer
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