Associated Press

Oregon tax collections exceed forecasts, triggering $686M 'kicker' refund for 2020

Personal and corporate income tax collections were higher than forecast as job growth remained strong in Oregon, state economists said on Wednesday.

All industries are expected to grow this year and next, with construction, professional and business services and leisure-hospitality leading the way, state economists said Wednesday. Construction jobs grew by 9 percent in the 2018 fiscal year and were expected to grow another 4 percent in FY 2019.

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Oregonians expected to receive large 'kicker' tax refund

Personal and corporate income tax collections were higher than forecast and Oregonians are expected to benefit from the biggest kicker, or tax refund, in more than a decade.

State economists presented their revenue and economic outlooks at a Capitol hearing room on Wednesday, saying all industries are expected to grow in Oregon this year and next, with construction, professional and business services and leisure-hospitality leading the way.

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