Oregon’s Measure 118 proposes to offer significant financial relief to residents, with a stimulus check or tax rebate of up to $6,400 per family.
Aimed at easing financial strain, the measure intends to benefit around four million Oregonians if passed during the U.S. presidential election in November. This initiative has the potential to support families in managing winter expenses, food, housing, and utilities.
What Measure 118 Offers
Measure 118 would provide $1,600 per eligible individual, allowing families to claim benefits for up to six people.
This means a family could receive a maximum payment of $6,400, distributed either as a refundable tax credit or a direct rebate. This flexibility allows families to prioritize immediate needs, from food and groceries to rent or utilities.
Who Is Eligible for Measure 118?
Eligibility for Measure 118 centers on supporting low- and middle-income Oregonians, with specific criteria for recipients:
- Household Income: Measure 118 is designed to prioritize families facing economic challenges, with eligibility focused on low- to middle-income households.
- Residency Requirement: Recipients must have lived in Oregon for at least 200 days within the past year.
- Tax Obligation Flexibility: Individuals without tax obligations are still eligible, making the program accessible to non-filers and those with no federal tax liability. For those with tax obligations, the option to receive the stimulus as a tax credit allows flexibility in managing their finances.
These eligibility guidelines ensure that the financial aid reaches those who need it most, while not limiting how families can use the funds.
Payment Impact on Local Economy
If approved, Measure 118 could inject $6 billion annually into Oregon’s economy, boosting local businesses as families use funds for essential needs.
This influx could stimulate small businesses and community services, benefiting the broader economy. According to Kim McCarty, director of the Community Alliance of Tenants, this stimulus would be a crucial “lifeline” for families facing high rental costs, offering much-needed relief amid the housing crisis in Oregon.
Addressing Housing Instability
Oregon’s housing market is marked by limited affordable housing and rising rental costs. For many, a $1,600 stimulus check could mean the difference between keeping their home and facing homelessness.
As McCarty highlighted, such assistance is vital for families to stabilize housing and manage basic costs. Although Measure 118 alone won’t solve the housing crisis, it is a step toward supporting residents’ financial stability and improving their quality of life.
Family Members | Potential Stimulus Amount |
---|---|
1 | $1,600 |
2 | $3,200 |
3 | $4,800 |
4 | $6,400 |
Long-Term Benefits: Stability for Families
Beyond immediate relief, Measure 118 is structured to offer ongoing support over three years, helping low- and middle-income households maintain stability.
This phased approach seeks to lessen the financial burden on struggling families, addressing the affordability crisis gradually. Local leaders hope this support can ease the effects of rising costs and reduce housing insecurity, while supporting community health and stability.
A Step Toward Economic and Housing Relief
Measure 118 represents an ambitious step toward reducing financial strain for Oregon families. By addressing immediate needs and contributing to the economy, this initiative could foster stability and reduce housing risk across the state.
If passed, Measure 118 could pave the way for further supportive measures, helping residents achieve a more secure and balanced quality of life.