Million of your tax dollars were over-collected by the state of Oregon during the current budget cycle. Oregon voters approved a law that requires lawmakers to return
over-collected tax revenue to those who paid it. The average Oregon Tax Refund is $227 and can be claimed when you file your 2017 taxes next year.
Use this chart to determine your Kicker Tax Refund. Base your income on your 2016 income level. You will credit this on your 2017 taxes next year when you file.
This great chart shows which Oregon region are experiencing the job growth compared to their recession lows
Oregon’s 2017 Legislative Session began with laments of a “budget crisis” and “shortfall”. To close the gap between what previous Legislatures had promised to spend and the actual amount of money available, virtually every kind of tax increase imaginable was proposed. At the end of the Session, and with only marginal new or increased taxes enacted, Oregon’s Legislatively Adopted budget for 2017-19 managed to grow 10.3 percent from the previous 2-year period. Somehow, the “crisis” was averted by doing very little. Continue reading
The Public Employee Retirement System (PERS) crisis has hit a $22 billion deficit and the Legislature seems paralyzed to address the crisis. The media is sounding the alarm and experts are hinting that we might have to fall off a cliff before changes will come.
A website Oregon Ponzi Scheme helps to compare the Bernie Madoff Ponzi scheme to Oregon PERS crisis for which Katy Durant, former chair of the PERS investment council stated “We should have been addressing this 20 years ago and it’s just been building. It’s a little bit like a Ponzi scheme. Sooner or later it’s going to catch up with you.” Continue reading
Oregon Regional Economic Indicators (click chart for larger view)
By UofO Oregon Economic Indicators
Regional economies experienced some mixed numbers in February, but underlying trends remain solid. Highlights of this month’s report include:
– For all regions, moving average measures (which smooth monthly volatility) remain above zero, indicating above trend activity. Recall that these figures measure relative average growth; each region has its own underlying growth rate. Continue reading
Governor Brown’s Office Delays Public Records Request
By Taxpayer Foundation of Oregon,
The Bend Bulletin Editorial Board stated last summer on Oregon Governor Kate Brown “The governor’s office is so slow to fill requests for her calendar and documents relating to it as to render the final product useless or nearly so.”
A few weeks later after that media complaint, Governor Kate Borwn’s office was repeating the mistake again on public records request on the Governor’s own office spending (See Oregon Capitol Watch request here). A July 2016 public records request was not made public for nearly four months later in November. What takes other states to provide in days, seems to take months for Oregon to provide. Continue reading
By Taxpayer Association of Oregon
Governor Kate Brown and some lawmakers say the State of Oregon is facing a $1.7 billion budget shortfall in the 2017-19 biennium. Yet, this shortfall is in the face of all-time high tax money coming in to state government. Continue reading