Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Public overwhelmingly supports Revenue Forecast Modernization Act (HB 41 25) at House Revenue hearing; business groups oppose
Summary
The House Committee on Revenue heard wide public testimony on HB 41 25, a bill to modernize Oregon's revenue forecasting and change how the 'kicker' is calibrated; testimony from educators, housing advocates, think tanks, and legislators supported the bill while business groups including OBI and the Taxpayers Association opposed it.
The House Committee on Revenue held a long public hearing on House Bill 41 25, the Revenue Forecast Modernization Act, which would require state economists to report a forecast range (high and low), allow the legislature to budget to a conservative lower end and make specified one-time uses available for the delta between high and low projections (examples given in testimony included PERS payments, debt reduction, and emergency response). The sponsor described the bill as setting overdue expectations for how forecasting should function and as…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
