Might Oregon kill 'kicker tax' rebate to help education?

It's possible voters will decide to instead send the money to a rainy day fund for schools that the state could tap during economic downturns.

Posted: Dec 5, 2018 2:36 PM

PORTLAND, Ore. (AP) -- Momentum is building to end the only-in-Oregon approach of issuing tax rebates in order to build reserves for schools.

The Oregonian/OregonLive reports that if Oregon economists' predictions hold, taxpayers will receive up to $724 million worth of "kicker" rebates when they file their income taxes in 2020.

Right now, the median state resident with roughly $36,000 a year in adjusted gross income can expect a tax credit of about $175 in 2020.

But it's possible voters will decide to instead send the money to a rainy day fund for schools that the state could tap during economic downturns.

Article Comments

Eugene
Broken Clouds
58° wxIcon
Hi: 74° Lo: 50°
Feels Like: 58°
Corvallis
Broken Clouds
53° wxIcon
Hi: 71° Lo: 48°
Feels Like: 53°
Roseburg
Broken Clouds
55° wxIcon
Hi: 75° Lo: 51°
Feels Like: 55°
North Bend
Overcast
52° wxIcon
Hi: 63° Lo: 49°
Feels Like: 52°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events