City Council Adopts $242 Million Budget for Fiscal Year 2023

June 8, 2022 - The Corvallis City Council voted Monday to approve an annual budget totaling $242,677,700 for Fiscal Year 2023. Council’s action was the final step in the City’s annual budget process, which began in May with a series of Budget Commission meetings and included deliberations, analysis, and public input.

The new budget goes into effect on July 1, when the City of Corvallis begins its new fiscal year.

The new budget takes a cautious approach to City finances, following a tumultuous year that saw the COVID-19 pandemic lead to inflation concerns and supply shortages that impacted all sectors of the economy. As a full-service municipality, the City is not immune from inflation-driven cost increases.

The FY 2023 budget includes relatively few new full-time employees across the organization. Four new positions were created in the Public Works Department to expand infrastructure maintenance, and one existing position at the Library was augmented to create a new Spanish Outreach Coordinator position.

Requests from various departments to fund seven (7) additional staff positions were not approved due to concerns about ongoing personnel costs.

“We’re entering a new fiscal year with more uncertainty on the horizon,” said City Manager Mark Shepard. “As careful stewards of community resources, it is our obligation to adopt a balanced budget that keeps costs contained as much as possible. As always, we will continually strive to find new resources to continue delivering the many high-quality services that the Corvallis community expects.”

For more information on the budget process for the City of Corvallis, go to www.corvallisoregon.gov/budget.