The city of Portland, Oregon says it expects the first year of pay ratio taxes to bring in between $2.5 and $3.5 million in city revenue, according to the Oregonian. The city revenue director said that 153 companies have acknowledged tax liability so far, with the average payment at $15,800 and the ten largest taxpayers owing $1.3 million in total. Admitting that the total tax revenue is a drop in the bucket compared to Portland's overall general fund ($621 million), former Portland city council member Steve Novick, who was a major driver of the tax, noted it was "nice to have the money, but the ultimate goal was not to raise money but get a precedent other jurisdictions would follow." Portland's pay ratio tax, which applies to any company operating in Portland regardless of its headquarters, levies a 10 percent surcharge on companies with a pay ratio of 100-250 to one and a 25 percent surcharge on companies with a pay ratio greater than 250 to one.
Portland remains the only jurisdiction to actually pass a pay ratio tax, although similar legislation was considered in California, Massachusetts, Minnesota, Rhode Island, Connecticut, Illinois and San Francisco. As of yet, no other state has pursued a pay ratio tax, and so far in 2019, it appears that no new proposals are pending.