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Might Oregon kill 'kicker tax' rebate to help education?

It's possible voters will decide to instead send the money to a rainy day fund for schools that the state could tap during economic downturns.

Posted: Dec 5, 2018 2:36 PM

PORTLAND, Ore. (AP) -- Momentum is building to end the only-in-Oregon approach of issuing tax rebates in order to build reserves for schools.

The Oregonian/OregonLive reports that if Oregon economists' predictions hold, taxpayers will receive up to $724 million worth of "kicker" rebates when they file their income taxes in 2020.

Right now, the median state resident with roughly $36,000 a year in adjusted gross income can expect a tax credit of about $175 in 2020.

But it's possible voters will decide to instead send the money to a rainy day fund for schools that the state could tap during economic downturns.

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 9294

Reported Deaths: 209
CountyConfirmedDeaths
Multnomah230169
Marion156447
Washington144620
Clackamas77324
Umatilla6204
Union3471
Lincoln3272
Deschutes1920
Lane1803
Linn1549
Polk14912
Malheur1401
Jackson1310
Yamhill1318
Jefferson1260
Klamath1231
Hood River880
Benton835
Wasco751
Morrow721
Clatsop490
Douglas440
Coos410
Josephine411
Columbia310
Lake190
Tillamook120
Crook110
Wallowa100
Curry70
Baker40
Grant10
Harney10
Sherman10
Gilliam00
Unassigned00
Wheeler00
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