Home Must Reads Fiscal cliff deal to cost Oregon $13M

Fiscal cliff deal to cost Oregon $13M

| Print |  Email
Must Reads
Thursday, January 10, 2013

Oregon stands to lose $1.8 million in revenue for the current tax year and $13.3 million in the next two years from the fiscal cliff tax deal.

If tax policy remains stable, the state could recoup those losses as changes to the federal child tax credit kick in, leading to a $28.5 million boost in revenue.

None of these hits to income tax amount to huge holes for the legislature to fill. Oregon collects $5 billion in income tax each year. But any change to the state's fiscal situation can color discussions in the legislature when it comes funding schools and other services.

Read more at OregonLive.com.

{biztweet}fiscal cliff{/biztweet}

 

More Articles

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Launch

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

October's Launch article features Soul Kitchen, Easy Company and Slick's Big Time BBQ.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS