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Committee debates redirecting Oregon "kicker" into permanent wildfire fund
Summary
Senate Committee on Finance and Revenue held a public hearing April 7 on Senate Bill 1177, a proposal to redirect the incoming personal income "kicker" into a permanent, interest-earning wildfire fund managed by the Oregon State Treasury.
Senate Committee on Finance and Revenue opened a public hearing April 7 on Senate Bill 1177, which would redirect a pending personal income tax "kicker" to a permanent fund managed by the Oregon State Treasury to generate ongoing revenue for wildfire mitigation and suppression.
Senator Jeff Golden, a sponsor and member of the wildfire funding work group, said the proposal would invest the full kicker — the most recent estimate cited in testimony was $1.73 billion — as principal and use only investment returns to fund wildfire programs. "A 5% return on that investment ... would yield between 170 and $180,000,000 per biennium for wildfire…
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