After historic high, Oregon’s ‘kicker’ size faces uncertain future

Oregon taxpayers received the highest kicker in history in 2024 when filing their 2023 tax return.It came as a result of Oregon’s former state economists calculating the potential for a post-pandemic recession into their revenue forecast models. Lawmakers used that forecast to create the 2023-2025 budget. When revenue came in $5.6 billion higher than the economist predicted, the money went back to individual taxpayers and businesses in proportion to the taxes they paid.The state’s new economist, Carl Riccadonna, estimates the potential for that recession to still happen is somewhere around 20%.

MORE: https://www.katu.com/news/local/after-historic-high-oregons-kicker-size-faces-uncertain-future

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Author: KATU News
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News post in at: November 21, 2024, 3:03 am.

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