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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 initial financial impact statement must be filed by July 27, 2026. 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. Suggested changes or other relevant information may be submitted orally or in writing through the date of the public hearing. If public comments are submitted, the FEC will hold a reconsideration meeting prior to submitting a final financial estimate.

Committee Meetings

The FEC will meet to draft financial estimate statements for all viable ballot measures according to the following schedule:

Monday, July 6, 2026, 2:00 p.m.
Watch the recording
Location: Hearing Room 60, Oregon State Capitol
Agenda:
  • Draft Financial Impact Statement for Initiative Petition 28 - a statutory amendment related to criminalizing breeding practices and injuring/killing animals, including for food, hunting, and fishing.
  • Vote on Financial Impact Statements.
Materials:
​​​​​​Initiative Petition 28 Financial Estimate
​​​​​​Preliminary Analysis of Initiative Petition 28


Friday, July 17, 2026, 2:00 p.m.
Location: Hearing Room 60, Oregon State Capitol
Agenda:
  • Draft Financial Impact Statement for Initiative Petition 28 - a statutory amendment related to criminalizing breeding practices and injuring/killing animals, including for food, hunting, and fishing.
  • Vote on Financial Impact Statements

Monday, August 3, 2026, 2:00 p.m.
Location: Hearing Room 60, Oregon State Capitol
Agenda:
  • Reconsideration and potential vote on financial impact statement in light of submitted public testimony.

Public Participation

Interested parties may observe the FEC committee deliberations via the Oregon Legislative website. After each meeting, video recordings will be available on the Secretary of State’s Financial Estimate Committee page. Public comment will not be taken at these meetings.

Instead, the public is invited to provide comments during the public hearing to be held on Thursday, July 30, 2026, from 9:00 – 10:00 a.m. Comments received during this hearing will be reviewed and considered by the FEC during the scheduled meeting on Monday, August 3.

March 30, 2026, 11 a.m. Watch Recording

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
  • Local Government Representative, Rochelle Anderson

Key Contacts

For questions on the FEC, please contact FEC.ESC@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.