Oregon economists predict a nearly $1 billion kicker tax credit for 2026 due to strong state revenue, while lawmakers urge cautious spending to manage rising costs and inflation.
Oregon’s Projected $1 Billion Kicker Tax Credit for 2026 Boosted by Strong Revenue Performance
According to the Statesman Journal, Oregon economists now expect a nearly $1 billion kicker tax credit for 2026, much higher than the previous estimate of $582 million. This increase comes from strong state revenue, with personal and corporate taxes performing better than expected and more tax returns being filed.
Even though inflation is slowing and the job market is cooling, Oregon’s economy looks stable. Personal income tax collections went up by 3% in 2023, and the state’s savings funds, like the Rainy Day Fund and Education Stability Fund, are expected to be very large by the end of this year.
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Oregon Economy Booms: $900M Kicker Tax Credit Expected for 2026 – Despite Slowing Labor Market! (PHOTO: Statesman Journal)
Lawmakers Urge Cautious Spending and Avoidance of New Kicker Tax Credit Amid Rising Costs and Inflation
Lawmakers are calling for careful spending and are concerned about rising costs and inflation. They are urging us to focus on essential programs and avoid new taxes to keep Oregon’s economy strong and stable.
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