The City of Corvallis has released its budget for the 2022-2023 fiscal year.
The budget comes from an 18 member Budget Commission evenly divided between Council members and community members. Items are divided by the type of fund which will pay for them – General Fund, Special Revenue Funds, Enterprise Funds, Internal Service Funds, Trust and Agency Fund, Debt Service Fund, and Capital Projects Funds. Taxes and fees make up the majority of the money the city will use over the course of the year.
In the coming fiscal year, of the $65,562,600 in the General Fund, about 36% or $23,804,600 is dedicated to keeping city services like Public Works, the library, and the police funded. The other 64% or $41,758,000 is discretionary revenue.
If you’re interested, you can read the full report here.
If you have something to say about the budget numbers, you have between five and six opportunities to do so. The Budget Commission will meet:
- Tuesday, May 3rd at 6:00 p.m.
- Thursday, May 5th at 7:00 p.m.
- Monday, May 9th at 6:00 p.m.
- Tuesday, May 10th at 6:00 p.m.
- Wednesday, May 11th at 6:00 p.m. (Public Hearing)
- Thursday, May 12th at 6:00 p.m. (if needed)
The Urban Renewal Agency Budget Commission will meet first, followed by the City Budget Commission. The meetings will take place virtually, so sign up at this link to attend.
By Sally K Lehman
Do you have a story for The Advocate? Email editor@corvallisadvocate.com