SALEM, Ore. — State economists are raising their estimates for the “kicker” rebates Oregon taxpayers are expected to get.
The quarterly revenue forecast released Thursday projects more than $473 million will be refunded to taxpayers.
That’s $123 million more in rebates than was predicted in February.
The exact amount of kickers won’t be fixed until after the two-year budget cycle ends in July.
Gov. Kate Brown said in a statement that strong economic growth means an additional $100 million for schools.
Oregon’s “kicker” law is triggered when tax collections exceed projections by at least 2 percent.
What that occurs, the unanticipated revenue gets returned to taxpayers as income tax credits.