So, you may be wondering why Oregon might be on a position to refund $40 million to corporations while at the same time slash spending on state services like education? Well here is the picture worth a thousand words: corporate profits are back a pre-recession levels while personal incomes, thanks to persistent and high unemployment, are still very depressed.
PS: Is a question mark the appropriate stop after the first sentence? I think so...
UPDATE: A commentator asked if this is the same for Oregon - yes. Here you go (from the Office of Economic Analysis)