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City of Streator approves 2020 budget, 4.81% tax levy increase

City of Streator Sign Park Illinois
City of Streator Sign – Studstill Media Photos

STREATOR – The city of Streator approved their 2020 budget and tax levy increase. As part of efforts to zero down an over $200,000 deficit while increasing police and fire pension contributions, the city will implement a %4.81 tax levy increase. The budget will also include staff reductions via an up-and-coming early retirement incentive program.  City manager David Plyman says the city does not have the resources with out a property tax increase.  In addition, he says funding sources to the general fund are not adequate to cover the gap. The proposed general fund budget is $9.8 million and revenue at $9.6 million.

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