“However, I’m troubled by the disconnect these numbers and the economic pain on the ground for so many Oregonians," Kotek said. The Chief E-Edition Newsletter emailed to you each week, the night before the paper hits the street! Oregon’s improved revenues could trigger state income tax rebates By Keeley Webster February 26, 2021, 10:42 a.m. EST 2 Min Read Oregon posted a … Oregonians received a “kicker” worth a record total of $1.6 billion in 2020, when they filed their 2019 tax returns. Be Truthful. Change ), You are commenting using your Twitter account. post will be deleted. Rainier City Administrator Scott Jorgensen said the state revenue forecast is surprisingly optimistic, given the tremendous challenges facing the economy over the last year. Sunday, March 7, 2021 Support local journalism ... Then there’s the kicker: beloved by some, despised by others and politically prickly. As a state lobbyist, I was one of them on many occasions. "Even with this good news, it is important to move forward cautiously, as the road ahead remains unpredictable,” Brown said. Oregon's total cash reserves still stand at $1.6 billion, but budget cuts could still be on the table if public services see expansion and taxes see little increases. View on rivals.com. PLEASE TURN OFF YOUR CAPS LOCK. Change ). However, this kicker credit is far from a sure thing. Sun and clouds mixed. The Oregon kicker is not being added to my return. Think there is a problem with the software. Advocates for larger government do have points in their favor. Enjoy Your FREE content and please support our site. Winds NNW at 5 to 10 mph. ( Log Out /  “The state has been bailed out by the federal government,” he said. “We also know that many Oregonians are still struggling with job losses, underemployment, and making ends meet.”. Therefore, what has lost in the shuffle over the last few days is an issue that has been the source of aggressive political pushing and pulling over the years. If passed, Senate Bill 842 would require the Department of Revenue to send checks to people to refund the tax taken out of their stimulus checks, similar to how the Oregon “kicker… The shift in spending out of physical goods and back into labor-intensive, in-person consumer services will raise employment significantly. Is this idea original with me?  No.  But, it is a good idea that represents solid middle ground. The state may also get a piece of a $350 billion state aid package in the works by Congress, which Oregon … Let us know of abusive posts. Jorgensen said Rainier is preparing a city budget that is conservative in its approach and seeking to maintain the status quo, in terms of levels of services provided to its residents. If there’s no surplus, there’s no kicker. Winds NNW at 5 to 10 mph.. Clear skies. comments denied, and/or user blocked. If the kicker “kicks,” taxpayers would receive the personal income tax rebate as a credit on their 2021 taxes when they file next year. 6. 5. “Federal aid was apparently effective in achieving its aims of providing stability for workers who were facing temporary layoffs.”. 8. Stay On Topic. ( Log Out /  Instant unlimited access to all of our E-Editions and content on thechiefnews.com. The resurgent virus of a few months ago is in full retreat. $8.00 By The Numbers: Oregon's latest unemployment report, COVID-19: Columbia County remains at 'High Risk', New Research: How sunlight, ocean turbulence could help weather forecasting, Summer Celebrations: Organizers hopeful, but not yet committed, Wildfire Safety Preps: Red Cross offering virtual classes, Work in Progress: New fire maintenance building, You Want Fries With That? This subscription is for NEW or RENEWING online subscribers. Households, particularly those in the middle and upper parts of the income distribution have built up considerable amounts of savings. Oregon fiduciary return filers can find information such as, when the treatment of an item may differ from the treatment on personal income tax returns in Publication OR-17, as well as the instruc­tions for Form OR-41, Oregon Fiduciary Income Tax Return. Change ), You are commenting using your Facebook account. “State economist Mark McMullen told lawmakers ‘this massive helicopter drop of a massive amount of federal aid’ also played a key role in raising incomes, through stimulus payments to individuals and enhanced unemployment benefits. Rainier approves food cart ordinance, Wake Up Call: Severe beach erosion threatens homes, COVID-19: County launches in-home vaccination project, Photos / Tradition Returns: County fair, rodeo set for July, Special Report: Oregon’s child care industry, Wave Energy: Oregon gets first permit for testing facility, Back To School: Governor to issue executive order to return all students to public schools, At Council: City reviews capital improvements. Oregon’s future budgets look more positive for personal income taxes, too. Notifications from this discussion will be disabled. Now there’s a way to figure out how much that’s going to be. The Oregon newspaper reported this additional information earlier this week: “Oregon taxpayers are on track to get a ‘kicker’ tax rebate worth a combined $570.5 million next year, state economists told lawmakers in the latest quarterly forecast on Wednesday. LOG IN or SUBSCRIBE. The kicker occurs if actual state revenues exceed forecasted revenues by 2 percent or more over the Tens of thousands are struggling to make rent, afford child care, and put food on the table.”. For me, the good news now is that I can watch the debate this time around from the cheap seats in Salem. 7. I could have called this blog “Middle Ground,” for that is what I long for in both politics and golf. She said lawmakers should take a fiscally conservative approach to the budget and avoid increasing taxes on businesses. Less than a week after he publicly committed to Oregon, 2021 kicker Jace Feely out of Gilbert Christain High in Gilbert, Ariz., has decided to instead enroll at Arizona State. Governor Kate Brown, for her part, urged caution on the state spending until lawmakers know how much money Oregon will receive from a likely third federal virus relief package. “After filling all of the recessionary hole, the March 2021 forecast calls for collections to exceed the threshold by $170 million (0.9%), resulting in a kicker credit of $571 million. access for current print subscribers. The Chief delivered to your mailbox each week. Kicker - Snowbound But Vaccinated NICK EICHER, HOST: Imagine for a moment that you’re creeping along a snowy highway in the foothills of southern Oregon, when suddenly y our tires are spinning in the snow, and you’re stuck!
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