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Bill > SB1177

OR SB1177

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.

summary

Introduced
02/27/2025
In Committee
03/03/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act changes the kicker estimate to fund help against wildfire. (Flesch Readability Score: 64.9). Increases the amount of the estimate of revenues that will be received from General Fund re- venue sources other than corporate income and excise taxes for the biennium beginning July 1, 2023. Requires that the difference between the amount actually collected and the amount estimated after the close of the 2023 regular session be transferred to the Oregon Wildfire Mitigation and Adapta- tion Fund. Establishes the Oregon Wildfire Mitigation and Adaptation Fund, with interest earned by the fund to be used for wildfire mitigation and community adaptation to wildfire risk. Provides for the return to taxpayers of surplus revenue over the adjusted estimate amount if the constitu- tional threshold is exceeded. Declares an emergency, effective on passage.

AI Summary

This bill modifies how surplus state revenues are allocated, specifically targeting wildfire mitigation and adaptation efforts. The bill increases the estimated General Fund revenue for the 2023-2025 biennium to $24 billion and establishes the Oregon Wildfire Mitigation and Adaptation Fund. If actual revenues exceed the estimate, the surplus will be transferred to this new fund, with a key exception: if revenues exceed the estimate by 2% or more, some funds will be returned to personal income taxpayers. The fund will be used primarily for wildfire-related programs, with a mandatory minimum of $50 million per biennium appropriated to community risk reduction programs in or near the wildland urban interface. Interest earned by the fund will be dedicated solely to wildfire mitigation and community adaptation efforts, and the fund can also support broader forest resiliency and risk reduction programs. The bill includes an emergency clause, making it effective immediately upon passage, and emphasizes the critical nature of addressing wildfire risks in Oregon.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Public Hearing held. (on 04/07/2025)

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