Matt Wand: Says "Every time the Legislature 'suspended' the kicker, most recently the corporate kicker in 2007, Salem spent every penny and failed to stabilize the state's revenues."
The Truth-o-Meter says: Mostly False | Rep. Matt Wand says using kicker money has failed to stabilize the state’s revenues
The state’s surplus refund law, better known as the "kicker," requires a refund to taxpayers if actual revenues exceed projections by at least 2 percent. The idea is to force the state to stick to a budget, but some people argue the law makes it harder to save money for bad economic times. Last month, former state Rep. Brent Barton, a Democrat, argued we should repeal the "kicker" and build savings in order to improve the state’s bond rating. In response, current state Rep. Matt Wand, a Republican, argued that Oregon should leave ... >> More
Read the full article here. Discuss below.
Posted on Sept. 10, 2011
connect with blueoregon