OR HB4125

Revenue estimates for budgeting must use data projections toward the lower end of generally accepted ranges, derived from nationally recognized data vendors and consensus-driven models, based on the 10 most recent fiscal years

Surplus revenue estimates for the kicker refund calculation must use the greatest positive deviation between forecasted and actual revenues over the previous five biennia

Department of Revenue must calculate the difference between surplus amounts under the two methodologies by November 15 of each odd-numbered year, then transfer that difference to a new fund by December 15

Establishes the One-Time Emergencies and Finance Fund for reducing PERS unfunded liability, capital projects that would otherwise require revenue bonds, debt service payments, and emergency expenses

Applies to estimates prepared on or after January 1, 2027, and takes effect 91 days after the 2026 regular session adjourns