Shivansh VermaMeasure 118, a proposal aimed at supporting Oregon families and boosting the state’s economy, will be on the ballot in November 2024. If approved, it would provide eligible households with stimulus checks or tax refunds up to $6,400. This initiative seeks to help low- and middle-income families manage rising costs, particularly in housing.
Eligibility Requirements for the Stimulus Check
To ensure assistance reaches those most in need, Measure 118 sets specific eligibility criteria:
- Income Level: The measure prioritizes low- and middle-income families who are most affected by daily living expenses.
- Residency: Applicants must have lived in Oregon for at least 200 days in the past year, ensuring benefits go to long-term residents.
- Tax Flexibility: Unlike other stimulus programs, applicants don’t need a tax obligation to qualify. Those with taxable income can receive a refundable tax credit, while others may opt for a direct cash rebate, making the support accessible regardless of tax status.
Benefits Provided Under Measure 118
If passed, Measure 118 would offer $1,600 per eligible family member, with a maximum of $6,400 per household for six people. This structure allows families to use funds flexibly for essential needs such as rent, utilities, and groceries.
The measure offers two ways to receive the funds:
- Refundable Tax Credit: Families with taxable income can reduce their tax bill by claiming the amount as a credit.
- Direct Cash Rebate: Families without a tax obligation can receive the funds as a direct rebate, giving them immediate financial relief.
Estimated Payment Breakdown:
| Family Members Claimed | Total Payment |
|---|---|
| 1 | $1,600 |
| 2 | $3,200 |
| 4 | $4,800 |
| 6 (maximum) | $6,400 |
Economic Impact of Measure 118 on Oregon
The potential impact of Measure 118 is significant, with an estimated $6 billion injected annually into Oregon’s economy. This direct financial support would boost consumer spending, benefiting local businesses and community services and creating a ripple effect across the state.
Kim McCarty, Director of the Community Alliance of Tenants, refers to the proposed stimulus as a “lifeline” for renters. In Oregon’s high-cost housing market, even a $1,600 check could help prevent homelessness for families struggling to keep up with rent.
Addressing Oregon’s Housing Crisis
Oregon faces serious housing affordability challenges, with limited affordable options and rising rent. While Measure 118 alone can’t solve the housing crisis, it could provide at-risk families with additional income to help cover rent and utility costs, potentially preventing housing instability.
Advocates believe similar programs in other states have had positive effects on housing affordability, and Oregon hopes Measure 118 can offer similar relief.
Long-Term Financial Stability for Oregon Families
Designed as a multi-year initiative, Measure 118 would provide support over three years. This gradual rollout helps balance the impact on the state’s budget while delivering consistent financial aid to families. The program’s goal is to build long-term financial stability for low- and middle-income households, assisting them through unexpected expenses and income disruptions.
By addressing immediate financial needs and supporting families over time, Measure 118 aims to establish a model for ongoing financial security and support for Oregon families. If passed, it could provide crucial relief for thousands of low- and middle-income residents, contributing to a more stable economy and helping families meet essential expenses.
FAQ: Measure 118 – Oregon’s Proposed $6,400 Stimulus for Families
1. What is Measure 118?
Measure 118 is a proposed initiative in Oregon that, if passed, would provide up to $6,400 in financial assistance to eligible low- and middle-income households. The program aims to help families manage rising living expenses, particularly housing costs, by offering either a refundable tax credit or a direct cash rebate.
2. How much financial assistance will eligible families receive?
Eligible families can receive up to $1,600 per family member, with a maximum of $6,400 for households with six or more members. This amount is designed to help families cover essential costs, including rent, food, utilities, and other living expenses.
3. What are the eligibility requirements for Measure 118?
To qualify for Measure 118, applicants must meet the following requirements:
- Income Requirements: Only low- and middle-income households are eligible.
- Residency: Applicants must have lived in Oregon for at least 200 days over the past year.
- Tax Flexibility: No tax obligation is needed to qualify. Individuals with taxable income can receive a refundable tax credit, while others may receive the amount as a cash rebate.
4. How can families receive the funds under Measure 118?
Families have two options for receiving their funds:
- Refundable Tax Credit: For those with a tax obligation, the amount can be applied as a credit to reduce their taxes.
- Direct Cash Rebate: For families without a tax obligation, the amount will be provided as a cash rebate, ensuring that households facing financial hardship can still access the assistance.
