Measure 118, a proposal that could significantly impact Oregon’s economy and provide much-needed support to families, is set to offer stimulus checks or tax refunds of up to $6,400 per household if approved in November 2024.
With Oregon facing high housing costs and increasing household expenses, this initiative aims to help low- and middle-income residents across the state with direct financial assistance.
Here’s a breakdown of who can qualify, the potential benefits, and how Measure 118 is expected to affect Oregon’s economy and housing market.
Eligibility for the Stimulus Check
To ensure that the funds reach those most in need, Measure 118 outlines specific eligibility requirements for applicants:
- Income Requirements: Priority will be given to low- and middle-income households, helping families who may be struggling the most with day-to-day expenses.
- Oregon Residency: Applicants must have lived in Oregon for at least 200 days over the past year to qualify, ensuring that the support benefits long-term residents.
- No Tax Obligation Needed: Unlike some stimulus programs, individuals do not need to have a tax obligation to qualify. Those with taxable income can receive the stimulus as a refundable tax credit, while others can receive it as a direct cash rebate.
This flexibility allows families to benefit regardless of their tax situation, making it easier for households in financial hardship to access the support they need.
Benefits Under Measure 118
If passed, Measure 118 would provide up to $1,600 per eligible person, with families able to claim benefits for up to six members, totaling a maximum of $6,400 per household.
This direct payment structure allows families to prioritize essential needs, whether for rent, food, utilities, or other living expenses.
The measure’s design also provides several options for families to access these funds:
- Refundable Tax Credit: Families with taxable income may choose to receive the funds as a tax credit, reducing their overall tax liability.
- Direct Cash Rebate: For those without a tax obligation, the funds would be provided as a cash rebate, giving families immediate financial flexibility.
Average Payment Amounts Under Measure 118:
| Family Members Claimed | Total Payment |
|---|---|
| 1 | $1,600 |
| 2 | $3,200 |
| 4 | $4,800 |
| 6 | $6,400 (maximum) |
This flexibility ensures that families receive support tailored to their unique financial situations.
Economic Impact on Oregon
The potential economic impact of Measure 118 is substantial, with estimates suggesting that it could inject approximately $6 billion into Oregon’s economy each year.
By providing direct support to families, this measure would increase consumer spending in local businesses and community services, creating a positive ripple effect that boosts small businesses and other sectors.
In a state where housing costs have steadily increased, advocates like Kim McCarty, Director of the Community Alliance of Tenants, see this measure as a vital support mechanism.
McCarty describes the proposed stimulus as a “lifeline” for renters struggling with high housing expenses, where even a $1,600 check could mean the difference between maintaining stable housing and facing potential homelessness.
Addressing the Housing Crisis
Oregon’s housing affordability issues have been exacerbated by limited affordable housing and rising rental costs, leaving many families in precarious situations.
Although Measure 118 alone won’t resolve these challenges, it could help stabilize families at risk of losing their homes by offering additional income to manage rent and utility costs.
This measure aims to prevent housing instability, giving families a financial buffer as they face rising expenses. Many advocates believe that similar programs across the U.S. have helped mitigate affordability issues, and Oregon hopes to follow suit with Measure 118.
Long-Term Stability for Families
Measure 118 is designed as a multi-year initiative, with funds distributed over three years. This gradual rollout helps reduce the burden on the state’s budget while providing consistent support to families.
The long-term goal is to establish greater financial stability for low- and middle-income households, helping to prevent crises that could arise from sudden expenses or income disruptions.
By addressing immediate financial needs and supporting families over time, the measure could serve as a model for creating ongoing support structures, providing low-income households with a foundation for financial security.
Measure 118 represents an ambitious yet practical approach to supporting Oregon families in need, with a particular focus on the housing affordability crisis.
If passed, the measure could help thousands of residents manage essential expenses, contributing to greater economic stability across the state and making a tangible difference in the lives of low- and middle-income households.
