City Council Approves $181 Million Budget for 2022
On Monday, the Corvallis City Council voted to approve a $181,346,700 budget for Fiscal Year 2022, the final step in the budget process that began in May and included multiple sessions, analysis, and public input.
The budget will go into effect when the city goes into a new fiscal year on July 1.
The COVID-19 pandemic shifted the daily landscape for jobs and almost every other aspect of life. The fiscal year starts as the city is beginning to move out of the pandemic and deal with the long-term effects it has had financially.
Essential workers city wide managed to switch to remote work, implement physical distancing in workplaces, and other creative maneuvers to ensure everything was running as smoothly as possible and as safe as possible.
The city managed to avoid having to institute a hiring freeze last year and as a result, the new budget includes some costs paid by reserves in order to support shortfalls.
“After a year that has challenged us in ways we couldn’t have imagined, I am pleased to report that the City has a balanced budget heading into the next fiscal year,” said City Manager Mark Shepard. “Assisting our community during the pandemic was a humbling and extraordinarily rewarding experience that is shared by all City employees.”