City budget gap and new taxes
Where it standsThe council has not decided how to close the gap. On Sept. 22 it voted 5-3 that the current council will take no vote on new taxes, leaving that decision to the council elected in November.
What's on the tableWhether to adopt a payroll tax, a personal income tax, both, or service cuts to close the gap and help pay for city facilities.
- The city projects a budget gap of about $20 million a year arriving as early as 2027. City of Corvallis
- The city says a 1% payroll tax would raise roughly $10 million a year and a 0.68% income tax roughly $10 million a year. City of Corvallis
- On June 15, 2026 the council passed Resolution 2026-24, on the budget gap and facilities revenue sources, 6-2. Corvallis City Council minutes, 2026-06-15 (in the July 20 meeting packet) · Jun 15, 2026
- On Sept. 22, 2026 the council passed Resolution 2026-31, saying the current council will take no vote on potential new taxes, 5-3. Corvallis City Council minutes, 2026-09-22 (in the Oct 5 meeting packet) · Sep 22, 2026
- After the Sept. 22 vote the council said it will hold four town hall meetings on the budget gap. KLCC · Sep 27, 2026