City Council Adopts $558 Million Biennial Budget for 2025-2027

June 3, 2025 - The Corvallis City Council voted on June 2 to approve a biennial budget totaling $558,042,373 for the 2025-2027 biennium. Council’s action was the final step in the 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 represents a critical transition for the City as it moves onto a biennial budget schedule. Developing a balanced budget on a two-year cycle gives the City more capacity for long-term planning and investment. The City's biennial budget also aligns with the State of Oregon's biennial budgeting cycle. 

“Forecasting two years into the future comes with inherent uncertainty, especially in today's dynamic economic environment,” said City Manager Mark Shepard. “However, this new approach also provides greater flexibility to face these challenges. The biennial framework gives us room to conduct mid-cycle adjustments and respond to changing circumstances while maintaining our longer-term perspective.”

The budget maintains existing service levels for vital community services such as public safety, water utilities, and livability services from the Library and Parks & Recreation. Through prudent fiscal management and forecasting, Corvallis was able to maintain these critical services even as other public agencies in western Oregon cut staff and reduced services.

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