By Taxpayers Association of Oregon Foundation
The signal was loud and clear this morning that liberal tax-and-spend lawmakers are coming after your kicker. Today in Salem, the state’s economists gave their quarterly revenue forecast to an interim committee of lawmakers. Surprisingly, even with high prices and increased interest rates, economists are still projecting short term growth in tax monies coming into the state. In fact, they are projecting that monies coming into the state for the current two-year biennium will be an incredible $4.97 billion ahead of what they thought they would get when the wrote the current budgets back in 2021. This now means that the personal kicker will be somewhere around $3.7 billion when it’s paid out in 2024, or about $1,737 per Oregon taxpayer
