Loading chat...
OR SB1177
Bill
Status
6/27/2025
Primary Sponsor
Jeffrey Golden
Click for details
AI Summary
-
Increases the estimated General Fund revenue (excluding corporate taxes) for the 2023-2025 biennium to $24 billion, redirecting surplus "kicker" refund money to wildfire funding
-
Creates the Oregon Wildfire Mitigation and Adaptation Fund in the State Treasury, with principal retained and only interest earnings available for appropriation
-
Requires at least $50 million per biennium from fund interest be allocated to community risk reduction programs within or adjacent to the wildland urban interface
-
Remaining interest may fund wildfire response, suppression, and forest resiliency programs operating outside the wildland urban interface
-
Preserves taxpayer kicker refunds if actual revenues exceed the new $24 billion estimate by 2% or more, with only the difference between the original and adjusted estimates going to the wildfire fund
Legislative Description
Relating to use of surplus revenues for wildfire funding; declaring an emergency; providing for revenue estimate modification that requires approval by a two-thirds majority.
Last Action
In committee upon adjournment.
6/27/2025