Oregon Secretary of State

Financial Estimate Committee

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Pursuant to ORS 250.125​, a five-member Financial Estimate Committee (FEC), composed of the Secretary of State, State Treasurer, Director of the Department of Revenue, Director of the Department of Administrative Services, and a local government representative must prepare an estimate of the financial impact of each measure to be voted on in the statewide elections. The estimate of financial impact will be printed in the Voters’ Pamphlet and on the ballot.​

Financial Estimate Committee Process

The FEC typically holds several meetings to draft financial impact statements. The FEC consults with the Legislative Revenue Office (LRO) to determine if the measure has potentially significant indirect economic or fiscal effects which can be estimated. 

A public hearing is also held to accept public comments in late July. Suggested changes or other relevant information may be submitted orally or in writing. 

Following public comments, the FEC will hold reconsideration meetings as needed in early August.

Committee Meetings

March 30, 2026, 11 a.m. View on the Oregon Legislature website​

Nomination meeting for the fifth financial estimate committee member. According to ORS 250.125, the fifth member of the FEC should be a representative of a city, county, or district with expertise in local government finance. The local government representative is selected by the other four committee members.

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​​Financial Estimate Committee Members

Secretary of State Tobias Read, FEC Chair
State Treasurer Elizabeth Steiner
Director of the Department of Administrative Services Betsy Imholt
Director of the Department of Revenue David Gerstenfeld

Key Contacts

For questions on the FEC, contact Carol Moreno, Senior Policy Analyst at carol.morenocifuentes@sos.oregon.gov. 

For questions on the general ballot measure process, contact the Oregon Secretary of State Elections Division at 503-986-1518 or elections.sos@sos.oregon.gov​.