oregon revenue forecast

It's official: Oregon taxpayers will receive a kicker rebate. Nearly $464 million will be sent back to taxpayers when they file their state income taxes next year.

Oregonians will find out Wednesday if they'll receive a kicker rebate on their taxes next year.

The kicker is that unique Oregon institution that dishes out money to taxpayers when the state's official economists under-predict how much revenue the state will collect over a two-year period.

Oregonians could be getting a kicker when they file their taxes next year. State economists said Tuesday that revenues for the current budget cycle are on track to exceed projections by a wide enough margin to trigger Oregon's unique kicker law.

The May revenue forecast is a critical piece of information for lawmakers as they decide how to spend taxpayer dollars during the next two-year budget cycle.

Oregon's budget gap is a bit smaller than previously anticipated. State economists updated their revenue projections Wednesday for the upcoming two-year spending plan.

Oregon lawmakers didn't get much by way of good news Wednesday with the release of the latest revenue projections. Those show a $52 million drop in anticipated revenue during the upcoming budget cycle.

That means lawmakers will have to patch up an even bigger budget shortfall, which is already expected to exceed $1.5 billion.

Oregon's economy continues to flourish, but the long-term outlook isn't as rosy. That was the message to lawmakers Wednesday from state economists, who released their quarterly revenue forecast.

Oregon's economy is still going "full throttle." That was the word Wednesday from state economists as they unveiled the latest forecast of state revenues.

The state of Oregon is getting ready to send $402 million back to taxpayers. State economists Wednesday announced the first so-called kicker rebate since 2007.

Oregon economists told lawmakers Thursday that a robust economy means they'll have more money to spend on schools, human services and public safety.