D.C. Mayor Vincent Gray is expected to raise certain taxes to help close a $325 million budget shortfall when he sends his first budget to the council Friday, although most District residents likely won’t feel the pain. That’s because the tax increases are expected to target the parking garages used primarily by commuters from outside the city and large corporations that currently don’t pay taxes on their D.C. revenues, instead filing in states where they pay less, two sources with knowledge of Gray’s proposal confirmed to The Washington Examiner.

Closing the corporate tax loophole by requiring companies to report their revenues in the District would garner about $20 million in new annual revenue, city officials say. The cash boost from raising taxes on parking garages depends on the levy Gray imposes, and the sources did not know how high the increase might be.