SALEM, Ore. (AP) Oregon taxpayers will see the largest-ever state income tax refund next year, thanks to state revenue coming in at more than 9% above projections, state economists said Wednesday.
They say the top 1% of taxpayers can expect refunds of $15,214, while the median refund will be $346.
The average payout to all taxpayers is expected to be $739.
A total of more than $1.57 billion is expected to flow back to personal income taxpayers after they file their 2019 returns.
That compares to a refund projection in May of a little more than $1.4 billion.
The latest tally given to lawmakers continues a trend over the past two years, as state tax revenue outpaces expectations, Oregon Public Broadcasting reported .