CHAMPAIGN — Not even two weeks into the new budget year, the Champaign City Council on Tuesday will begin looking at next year's fiscal needs and could consider incorporating major revenue increases to restore services that have been cut in past months.

The council will meet in study session on Tuesday at 7 p.m. in the Champaign City Building, 102 N. Neil St.

As increasing city costs continue to outpace slow-growing revenues, council members lately have spent huge portions of their time mulling over what services the city can afford to lose. To date, officials have managed to balance previous years' budgets by reducing spending without many new costs to taxpayers.

Depending on the advice of the city council this week, that could change by next year as budgeters begin looking toward the fiscal plan that will go into effect in July 2012.

A city report released on Friday lists a number of new fees or taxes the council might consider — topping that list are a package liquor tax, which a majority of council members voted against in June, and a motor fuels tax, like the one the city of Urbana created last summer.

The report also calls attention to a number of taxes or fees the city already collects but could increase: sales and property taxes, a hotel-motel tax and vehicle impoundment fees.

Council members could also direct city administrators not to include any new revenue sources in the budget they will begin to write later this year.

In recent weeks, particularly since newly-elected officials took their seats on the council in May, representatives have articulated services previously marked as cuts that they now would like to maintain.

The jobs of staffers at the police department's front desk are most commonly mentioned. City council members have already voted to maintain those jobs at a cost of about $200,000 per year, but have yet to determine how to pay for them.

In the report, city officials list other cuts that may be worth restoring: Among them are police officer jobs, overtime pay for firefighters, necessary to maintain complete staffing of a fire engine on the city's west side, economic development incentives and library positions.

Also on Tuesday, the city council will consider whether to renew the honorary street designation for REO Speedwagon. The band, whose popularity peaked in the 1980s but still performs around the country, started in Champaign in the 1960s. The city council in 2001 designated a portion of Main Street in the downtown area as honorary REO Speedwagon Way. Honorary street names must be renewed every 10 years.