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Oregon's Kicker Tax Rebate: Balancing State Finances and Education Needs

Learn about Oregon's Kicker tax rebate system, how it works, its history, obstacles to reform, and how proposals are crafted to balance state funds and education needs.

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Oregon's Kicker Tax Rebate: Balancing State Finances and Education Needs

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Presentation Transcript

  1. Oregon’s “Kicker”

  2. Kicker Tax Rebate: How it Works • Every two years, forecast personal income and corporate tax returns for the coming two years • If after two years personal income returns are more than 2% over the estimation, return the amount over the forecast to tax payers • If corporate tax returns are more than 2% over, the amount over goes specifically to K-12 education

  3. History • Approved by voters in 1980: part of Prop 13 anti-tax wave • 2000: voters place kicker in Oregon Constitution • 2012: Measure 85

  4. Obstacles to Reform • Political popularity (perceived and real) • Constitutional amendment process

  5. Crafting a Proposal • Balancing between: • Stability and predictability of state funds • Political viability

  6. Questions?

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