Washington tobacco tax

Tobacco tax revenue projections off by as much as 20 percent

The Lund Report
Cigarette tax increases in Washington drive sales in Oregon, making accurate predictions difficult

May 23, 2012 -- Smoking and tobacco use currently provides Oregon with approximately $260 million in tax revenue each year, not nearly enough to account for the $2.4 billion that tobacco products cost the state each year. Still, the tobacco tax is a revenue stream, one that is expected to provide the general fund with $132.3 million for the 2011-13 budget. While that is only slightly less than 1 percent of the general fund budget, it would be a lot of money to scramble for if that revenue source ran dry.

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