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News | Economy

Oregon Economists Boost Projections For 'Kicker' Rebates

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.

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