Oregon Recommended Spending Percentages

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What percentage of your income should you spend on what items? This form has some recommendations to consider. The important thing is to come up with realistic percentages.

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FAQ

The Oregon budget for 2025-27 is in development as state leaders assess revenue forecasts and spending needs. This upcoming budget will likely address crucial areas such as education, infrastructure, and health services. By following the Oregon Recommended Spending Percentages during this process, you can gain insights into priority areas for state funding. Understanding these percentages empowers you to advocate for diverse community needs.

Even the number of states whose laws require a balanced budget can be disputed, depending on the way the requirements are defined. The National Conference of State Legislatures (NCSL) has traditionally reported that 49 states must balance their budgets, with Vermont being the exception.

This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.196 trillion. It's followed by Medicare at $766 billion and Medicaid at $571 billion.

Military (Discretionary)Social Security, Unemployment, and Labor (Mandatory)Medicare and Health (Mandatory)Government (Discretionary)Education (Discretionary) Whether you owe money to the IRS or you have a State tax debt, our staff of Enrolled Agents and Tax Professionals can help you!

General and Lottery Funds portions amount to $23.7 billion, and Other Funds and Federal Funds are $37.9 billion and $24.2 billion respectively for the 20192021 budget.

Most of local government spending is on services like water, electricity, sewage, waste removal, roads and facilities.

What do state and local governments spend money on? State and local governments spend most of their resources on education, health, and social service programs. In 2019, about one-third of state and local spending went toward combined elementary and secondary education (22 percent) and higher education (9 percent).

Oregon's state and local governments receive revenue from numerous sources including federal transfer payments; tuition, hospital and other charges; Lottery revenue; and taxes. Of all these sources, half of total state revenue is from taxation.

As Figure A suggests, Social Security is the single largest mandatory spending item, taking up 38% or nearly $1,050 billion of the $2,736 billion total. The next largest expenditures are Medicare and Income Security, with the remaining amount going to Medicaid, Veterans Benefits, and other programs.

Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.

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Oregon Recommended Spending Percentages