Oregonians Will Get the Kicker
For the first time in eight years, Oregon residents will collect a kicker.
Oregon’s economists revealed Wednesday that the state will return money collected above its revenue projections to those who pay taxes in Oregon. That’s because Oregon’s general fund revenue exceeded the 2 percent threshold, at which the kicker applies, by $111 million, or 0.7 percent.
The money will take the form of a credit on 2015 tax returns as opposed to a check, thanks to a 2011 legislative bill.
In addition, corporate tax revenue exceeded the 2 percent kicker threshold by $38 million, resulting in a kicker amount of $59 million. That money will go toward public schools funding.