Raises tax on household income at and above $250,000 (and $125,000 for individual filers). Reduces income taxes on unemployment benefits in 2009. Provides funds currently budgeted for education, health care, public safety, other services.
Measures 66 and 67 are two ballot referenda that were on the January 26, 2010 special election ballot in the US state of Oregon, which proposed tax increases on corporations and on households making US$250,000 and individuals making $125,000 to help balance the state's budget. The measures referred two bills passed by the Oregon state legislature on June 11, 2009, and signed by GovernorTed Kulongoski on July 20, 2009, to the voters for approval. They were approved and became effective February 25, 2010.
The recession that greatly affected the American economy starting in late 2008 caused a budget shortfall in Oregon that the state legislature had to make up for. A critical factor in this process was that the 2008 general election gave Democrats a three-fifths majority in both chambers of the legislature, which is the supermajority needed to pass any bills calling for revenue increases. Among other actions, the legislature passed House Bills 2649 and 3405, raising taxes on corporations and on wealthy individuals and households, respectively. Some Oregon citizens[note 1] started a drive to force a referendum on these bills, believing they would hurt the state's economy.
While 55,179 valid signatures from registered voters on each referendum petition were needed to qualify the referendum for the ballot,[note 2]
about 99,000 valid signatures were filed. Don Hamilton, spokesman for the Oregon Secretary of State's office, remarked that "it's unusually high for a statewide ballot measure." On October 8, 2009, the Secretary of State's office announced that both measures qualified for the January 26, 2010 ballot.
The yes vote was supported by educators and public employee unions. Politically, the Oregon Democratic Party supported the measures while the Oregon Republican Party opposed the measures. The campaigns for and against these measures spent the second most amount of money ever waged on a ballot measure campaign in the state. Only Ballot Measure 50 in 2007 was more expensive than the $12.5 million spent on the yes and no campaigns of Measures 66 and 67.
^Current funding sources of the campaign against the ballot measures can be found at this link.
^More precisely, supporters of a referendum must file a number of valid signatures from registered voters equal to four percent of votes cast in the last gubernatorial election – in this case, the 2006 gubernatorial election.