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Oregon's new State Economist forecasts a budget boost, adding over $2 billion, and predicts a substantial "kicker" refund.
Oregon's new State Economist, Carl Riccadonna, forecasts an additional $950 million for the current budget period and $1.3 billion for 2025-27, providing lawmakers more funds for essential services.
The forecast incorporates a more optimistic national economic view and corrects past underestimations of personal income tax revenue, which led to large "kicker" refunds.
The new model predicts a $37.8 billion budget for the next cycle, $6 billion more than the previous long session, with a $1.79 billion kicker for 2026.
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El nuevo Economista Estatal de Oregón prevé un aumento del presupuesto, sumando más de $2 mil millones, y predice un sustancial reembolso por "kicker".