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HOUSE JOINT RESOLUTION NO. 2
INTRODUCED BY JOPEK
BY REQUEST OF THE REVENUE AND TRANSPORTATION INTERIM COMMITTEE
A JOINT RESOLUTION OF THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE STATE OF MONTANA ESTABLISHING AN OFFICIAL ESTIMATE OF THE STATE'S GENERAL FUND REVENUE FOR FISCAL YEAR 2009 AND EACH FISCAL YEAR OF THE 2010-2011 BIENNIUM FOR THE PURPOSE OF ACHIEVING A BALANCED BUDGET AS REQUIRED BY ARTICLE VIII, SECTION 9, OF THE MONTANA CONSTITUTION; ACCEPTING A PRELIMINARY JUNE 30, 2008, UNRESERVED GENERAL FUND BALANCE THAT WAS ESTABLISHED BASED ON GENERALLY ACCEPTED ACCOUNTING PRINCIPLES; ESTABLISHING OFFICIAL ESTIMATES OF CERTAIN NONGENERAL FUND REVENUE; AND REQUESTING THAT THE GOVERNOR'S OFFICE OF BUDGET AND PROGRAM PLANNING USE THE REVENUE ESTIMATES CONTAINED IN THIS RESOLUTION AS OFFICIAL REVENUE ESTIMATES FOR FISCAL YEARS 2009, 2010, AND 2011.
WHEREAS, Article VI, section 9, of the Montana Constitution requires the Governor to submit to the Legislature a budget for the ensuing fiscal period, containing in detail for all operating funds the proposed expenditures and estimated revenue of the state; and
WHEREAS, Article VIII, section 9, of the Montana Constitution prohibits the Legislature from appropriating funds in excess of the anticipated revenue of the state; and
WHEREAS, section 5-5-227(2), MCA, requires the Revenue and Transportation Interim Committee to estimate the amount of revenue projected to be available for legislative appropriation and to introduce a resolution setting forth the Committee's current revenue estimate; and
WHEREAS, section 5-5-227(3), MCA, expresses the Legislature's intent that its revenue estimates and the underlying assumptions used to derive those estimates be used by all agencies in the development of fiscal notes; and
WHEREAS, section 5-12-302(6), MCA, requires the Legislative Fiscal Analyst to assist the Revenue and Transportation Interim Committee in its revenue estimating duties; and
WHEREAS, the Revenue and Transportation Interim Committee obtained the assistance of the Legislative Fiscal Analyst in the development of the revenue estimates; and
WHEREAS, the Revenue and Transportation Interim Committee also obtained the assistance of Executive Branch agencies in the development of the revenue estimates; and
WHEREAS, the Revenue and Transportation Interim Committee has adopted revenue estimates and the underlying assumptions used to derive those estimates for the general fund and for specific nongeneral fund sources that are significant in the development of the state budget for fiscal year 2009 and the 2010-2011 biennium; and
WHEREAS, section 5-5-227(3), MCA, provides that the Revenue and Transportation Interim Committee's estimate, as introduced in the Legislature, constitutes the Legislature's current revenue estimate until amended or until final adoption of the estimate by both houses; and
WHEREAS, the amount of estimated revenue and the general fund balance affects policy decisions of the Executive Branch and the Legislative Branch; and
WHEREAS, the revenue estimates and the underlying assumptions contained in this resolution provide the basis for a comprehensive analysis of the state's revenue condition.
NOW, THEREFORE, BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE STATE OF MONTANA:
That the state general fund revenue for fiscal years 2009, 2010, and 2011 be estimated to be $1,915,651,000 $1,877,991,000 $1,873,044,000, $1,873,585,000 $1,770,914,000 $1,754,561,000, and $1,941,532,000 $1,830,135,000 $1,810,546,000, respectively.
BE IT FURTHER RESOLVED, that the Legislature accept for budget purposes the preliminary unreserved fiscal year 2008 fund balance of $432,998,000 $433,580,170 for the general fund, prepared according to generally accepted accounting principles.
BE IT FURTHER RESOLVED, that the Governor's Office of Budget and Program Planning use the revenue estimates and the underlying assumptions contained in this resolution as the official revenue estimates for fiscal years 2009, 2010, and 2011.
GENERAL FUND REVENUE
Except for taxable values attributable to property reappraisal of classes three, four, and ten, the projections for total general fund revenue for fiscal years 2009, 2010, and 2011 are based on the assumption of a continuation of Montana law as it existed on January 1, 2009. The revenue estimates contained in the following tables are based on the assumptions listed in the tables that follow the general fund estimates and the assumptions for each general fund revenue source contained in the "Legislative Budget Analysis, 2011 Biennium, Volume 2 -- Revenue Estimates" (as adopted by the Revenue and Transportation Interim Committee) prepared by the Legislative Fiscal Division. CHANGES TO THE REVENUE ESTIMATES AND THE ASSUMPTIONS MAY BE MADE BY THE LEGISLATURE.
Current Law
General Fund Revenue Estimates
(In Millions of Dollars)
60; 0; ; & #160; &# 160; 60; 0; ; Actual Estimat ed 0; Estimated & #160; Estimated
Source of Revenue ; & #160; &# 160; 60; 0; ; FY 2008 &# 160; FY 2009 &# 160; FY 2010 &# 160; FY 2011
Individual Income Tax 60; 0; ; & #160; &# 160; 60; $866.659 & #160; $871.653 0; $884.934 0; $908.994
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; $856.506 0; $845.333 0; $859.007
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; $852.615 $838.750 60; 0; $850.014
Statewide and Vo-Tech Property Taxes -- Without Reappraisal &# 160; 60; 205.044 &# 160; 211.495 ; 222.983 ; 228.933
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; 214.615 & #160; 225.628 ; 229.428
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 60; 221.919 & #160; 225.719
Corporation Income Tax 60; 0; ; & #160; &# 160; 60;160.342 &# 160; 156.132 ; 136.293 ; 149.352
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; 157.715 ; 117.579 ; 124.250
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; 157.284 & #160; 115.638 & #160; 121.382
Oil and Natural Gas Production Tax 60; 0; ; & #160; 149.994 & #160; 116.771 ; 100.066 ; 105.177
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;94.641 < /span>69.831 < /span>85.220
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;94.769 &# 160; 66. 930 60; 82.423
Vehicle Tax 60; 0; ; & #160; &# 160; 60; 0; 93.49 3 95.014 < /span>93.748 < /span>91.559
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;93.493 &# 160; 92. 247 60; 90.093
Insurance Tax and License Fees &# 160; 60; 0; ; & #160; 64.004 & #160; < span style="text-decoration: line-through">49.769 < /span>47.144 < /span>49.268
60;
0;
;
&
#160; &#
160;
60;
0;
;
&
#160; &
#160; &#
160;49.878 &#
160; 47.836
<
/span>50.206
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 60; 47.880 &# 160; 50. 353
Video Gambling Tax 60; 0; ; & #160; &# 160; 60; 63.134 60; 0; 66.554 0; ; 69.003 ; 71.973
Coal Trust Interest & #160; &# 160; 60; 0; ; < /span>28.855 & #160; 29.392 < /span>28.787 < /span>28.606
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;29.319 < /span>28.573 < /span>28.281
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;29.312 &# 160; 28. 574 60; 28.288
U.S. Mineral Royalty & #160; &# 160; 60; 0; ; 36.389 & #160; 28.259 < /span>31.518 < /span>32.505
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;24.986 < /span>28.374 < /span>31.061
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;24.885 &# 160; 27. 796 60; 30.418
All Other Revenue ; & #160; &# 160; 60; 0; ; 38.434 65.749 < /span>32.816 < /span>33.575
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;65.415 &# 160; 32. 126 60; 32.831
Cigarette Tax 60; 0; ; & #160; &# 160; 60; 0; 36.004 0; ; 36.373 < /span>36.720 < /span>37.082
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;34.564 &# 160; 32. 984 60; 33.053
Tobacco Settlement 60; 0; ; & #160; &# 160; 60; 0;3.808 ; 3.962 & #160; &# 160; 4.013 & #160; &# 160; 4.077
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 3.956 60; 0;4.007 ; 4.071
Treasury Cash Account Interest & #160; &# 160; 60; 0; ; 30.783 ; 11.107 < /span>10.185 < /span>19.381
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;16.673 & #160; 7.899 & #160; 15.596
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;16.507 &# 160; 60;7.967 0; 15.90 5
Telecommunications Excise
Tax
60;
0;
;
&
#160; &#
160; 22.350 &#
160; 21.614
<
/span>21.701
<
/span>21.798
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;21.597 &# 160; 21. 676 60; 21.762
Motor Vehicle Fee 60; 0; ; & #160; &# 160; 60; 18.995 0; 19.227 < /span>19.969 < /span>19.771
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;18.926 &# 160; 19. 672 60; 19.481
Public Institution
Reimbursements
0;
;
&
#160; &#
160;
60;15.335
60; 13.658
3% Accommodations Sales Tax 60; 0; ; & #160; &# 160; 13.390 &# 160; 13.339 < /span>13.796 < /span>14.382
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;13.109 &# 160; 13. 376 60; 13.926
Coal Severance Tax 60; 0; ; & #160; &# 160; 60; 11.894 60; 0; 12.410 0; ; 12.183 ; 12.959
Liquor Excise and License Tax 60; 0; ; & #160; &# 160; 14.925 &# 160; 60; 15.845 < /span>16.717 < /span>17.859
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;15.787 &# 160; 16. 570 60; 17.627
Investment License Fee 60; 0; ; & #160; &# 160; 60; 6.514 0; ; 6.127 & #160; 6.210 &# 160; 60; 6.825
Lottery Profits & #160; &# 160; 60; 0; ; & #160; &# 160; 11.029 &# 160; 60; 10.516 < /span>11.309 < /span>12.022
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;10.494 < /span>11.244 < /span>11.921
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;10.275 &# 160; 10. 906 60; 11.453
Liquor
Profits &
#160; &#
160;
60;
0;
;
&
#160; &#
160; 8.775
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 8.910 & #160; &# 160; 9.237 & #160; &# 160; 9.749
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 8.651 60; 0;8.837 ; 9.194
Nursing Facilities Fee 60; 0; ; & #160; &# 160; 60; 5.610 0; ; 5.318 & #160; 5.213 &# 160; 60; 5.109
Electrical Energy
Tax
60;
0;
;
&
#160; &#
160;
60; 5.179
Metalliferous Mines Tax 60; 0; ; & #160; &# 160; 60; 10.774 60; 0; 9.854 & #160; &# 160; 8.085 & #160; &# 160; 8.066
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 6.777 60; 0;3.248 ; 3.279
Highway Patrol
Fines &#
160;
60;
0;
;
&
#160; &#
160; 4.049
Public Contractors Tax 60; 0; ; & #160; &# 160; 60; 5.063 0; ; 4.058 & #160; 4.322 &# 160; 60; 4.357
Wholesale Energy Transaction Tax 60; 0; ; & #160; 3.856 60; 3.87 0 3.931< span> & #160; 3.993
Tobacco Products Tax 60; 0; ; & #160; &# 160; 60; 4.699 0; ; 4.710 & #160; 4.768 & #160; &# 160; 4.837
60;
0;
;
&
#160; &#
160;
60;
0;
;
&
#160; &
#160; &#
160;
60;
Driver's License Fee 60; 0; ; & #160; &# 160; 60; 3.86 6 4.667& #160; &# 160; 3.920 60; 0; 4.739
4% Rental Car Sales Tax 60; 0; ; & #160; &# 160; 60; 3.157 0; ; 3.173 & #160;3.282 &# 160; 60;3.422
Railroad Car Tax 60; 0; ; & #160; &# 160; 60; 0; 2.064 ; 2.166 & #160; &# 160; 2.295 60; 0; 2.336
Wine Tax 60; 0; ; & #160; &# 160; 60; 0; ; 1.829 & #160; 1.942 &# 160; 60; 2.043 0; ; 2.146
Beer Tax 60; 0; ; & #160; &# 160; 60; 0; ; 3.124 & #160; 3.160 &# 160; 60; 3.221 0; ; 3.282
Estate Tax 60; 0; ; & #160; &# 160; 60; 0; ; 0.122 < /span>0.113 &# 160; 0.029 0; 0.005
Total General Fund &# 160; 60; 0; ; & #160; &# 160; $1,953.540 0; $1,915.651 &# 160; $1,873.585 &# 160; $1,941.532
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; $1,877.991 &# 160; $1,770.914 &# 160; $1,830.135
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; $1,873.044 0; $1,754.561 $1,810.546
SIGNIFICANT ASSUMPTIONS FOR GENERAL FUND REVENUE ESTIMATES
Revenue and Transportation Interim Committee
Year Assumption &# 160; 60; 0; ; & #160; &# 160; 60; 2008 0; ; 2009 & #160; &# 160; 2010 60; 0; 2011
Individual Income Tax
FY Income Tax Audit Collections (Millions) ; & #160; &# 160; $30.637 & #160; $30.844 & #160; $31.324 & #160;$32.149
CY Taxpayer Population (Percent Change) ; & #160; &# 160; 0.79% &# 160; 60; 0.49% 60; 0; 1.40% 0; ; 1.60%
Income Indicators
CY Wage and Salary Income (Percent Change) ; & #160; < span style="text-decoration: line-through">4.52% < /span>2.29% & #160;3.09% & #160;3.41%
3.85% &# 160; 60; 0; ; & #160; &# 160; 60; 0.75 % 0; 2.31% 0; ; 2.87%
CY Net Farm Income (Percent Change) ; & #160; &# 160; 0.0 0% 0.00% & #160; 0.00% & #160; &# 160; 0.00%
CY Interest Income (Percent Change) ; & #160; &# 160; 60; 1.14% (1.46%) ; (1.42%) ; 8.05%
(0.66%) & #160; &# 160; 60; 0; ; & #160; &# 160; (9.50%) ; (3.59%) ; 6.99%
60; 0; ; & #160; &# 160; 60; 0; ; (10.75%) (5.29%) ; 4.50%
CY Dividend Income (Percent Change) ; & #160; &# 160; 6.09% (1.18%) ; 1.33% & #160;3.06%
6.14% &# 160; 60; 0; ; & #160; &# 160; 60; (2.61%) ; (1.52%) ; 0.09%
60; 0; ; & #160; &# 160; 60; 0; ; (4.31%) & #160; (4.24%) & #160; 2.72%
CY Rent, Royalty, and Partnership Income (Percent Change) ; 0.00% < /span>0.00% & #160;0.00% & #160;0.00%
10.77% & #160; &# 160; 60; 0; ; & #160; (3.58%) ; (6.43%) ; 3.40%
9.50% &#
160;
60;
0;
;
&
#160; &#
160;
60; (0.18%)
CY Net Business Income (Percent Change) ; & #160; &# 160; (0.24%) ; 2.46% & #160;4.34% & #160;4.36%
5.39% & #160; &# 160; 60; 0; ; & #160; < span style="text-decoration: line-through">(6.17%) ; (11.97%) 0; ;4.28%
3.27% &#
160;
60;
0;
;
&
#160; &#
160;
60; (3.71%)
CY Capital Gains and Losses (Percent
Change)
;
&
#160; (16.32%)
0; (17.35%)
0;
(17.32%) & #160; &# 160; 60; 0; ; & #160; (24.90%) 0; 19.97% 14.09%
60; 0; ; & #160; &# 160; 60; 0; ; (36.55%) 21.50%
CY Supplemental Gains (Percent Change) ; & #160; &# 160; 5.32% &# 160; 60; 5.32% 60; 0; 5.32% 0; ; 5.32%
CY Social Security Income (Percent Change) ; & #160; 10.35% &# 160; 10.35% & #160; &# 160; 10.35% & #160; &# 160; 10.35%
CY IRA Income (Percent Change) ; & #160; &# 160; 60; 5.75% 60; 0; 5.75% & #160;5.75% & #160;5.75%
60; 0; ; & #160; &# 160; 60; 0; ; 1.50% &# 160; 1.5 0%
CY Pension Income (Percent
Change)
;
&
#160; &#
160;
60;6.06%
60;
60; 0; ; & #160; &# 160; 60; 0; ; 1.50% &# 160; 1.5 0%
CY Other Income (Percent Change) ; & #160; &# 160; 60; 7.07% 60; 0; 7.07% 0; ; 7.07% < /span>7.07%
CY Bond Interest (Percent
Change)
;
&
#160; &#
160;
60; 1.14%
60;
0;(1.46%)
60; (1.42%)
CY Federal Income Tax Refunds (Percent Change) ; & #160; 0.00% & #160; &# 160; 0.00% &# 160; 60; 0.00% 60; 0;0.00%
CY Other Additions to Income (Percent Change) ; & #160; 0.00%& #160; &# 160; 0.00% &# 160; 60; 0.00% 60; 0; 0.00%
CY IRA Reduction (Percent Change) ; & #160; &# 160; 60; 5.00% 60; 0; 5.00% 0; ;5.00% 5.00%
CY Reductions to Income (Percent
Change)
;
&
#160; &#
160; (6.42%) &
#160; 4.
44% &#
160; 4.53%
CY Other Reductions to Income & #160; &# 160; 60; 0; 5.00% 5.00% & #160; 5.00% & #160; &# 160; 5.00%
Deductions From Income
CY Medical Premiums (Percent Change) ; & #160; &# 160; 6.68%&# 160; 60; 6.68% 60; 0; 6.68% 0; ; 6.68%
CY Medical Deductions (Percent Change) ; & #160; &# 160; 6.51% &# 160; 60; 6.51% 60; 0; 6.51% 0; ; 6.51%
CY Real Estate Tax (Percent Change) ; & #160; &# 160; 60;5.63% 60; 5.63 % 0; 5.63% 5.63%
CY Other Taxes (Percent Change) ; & #160; &# 160; 60; 5.64% 60; 0; 5.64% 0; ; 5.64% & #160; 5.64%
CY Home Mortgage (Percent Change) ; & #160; &# 160; 60;7.23% 60; 7.23 % 0; 7.23% 7.23%
CY Contributions (Percent Change) ; & #160; &# 160; 60; 7.84% 60; 0; 7.84% 0; ; 7.84% & #160;7.84%
CY Gambling Losses (Percent Change) ; & #160; &# 160; 6.6 2% 60; 6.62% 60; 0; 6.62% 0; ; 6.62%
FY Bonus Depreciation (Millions) ; & #160; &# 160; 60; ($0.000) &# 160; ($0.524) &# 160; ($0.724) & #160; &# 160; ($0.142)
CY Homeowner and Renter Credit (Millions) ; & #160; &# 160; $9.811 &# 160; $9. 811 60; $9.811 60; 0; $9.811
CY All Other Credits (Percent Change) ; & #160; &# 160; 6.65% 0; 1.15% 2.11% & #160; 2.93%
Other Individual Income Tax Assumptions
CY All Filers Liability (Millions) ; & #160; &# 160; 60; $773.615 & #160; &# 160;$780.871 $797.386 60; 0; $822.121
CY Current Calendar Year to Fiscal Year
Conversion
&
#160; 52.1% &#
160; 52.1% &#
160;
60; 52.1%
60;
0; 52.1%
CY Previous Calendar Year to Fiscal Year Conversion 60; 0; 47.9 % 0; 47.9% 0; ; 47.9% & #160; 47.9%
FY Fiscal Year 2008 Adjusted Base (Millions) ; & #160; $836.022
Property Taxes: Taxable Value for Statewide General Fund
Mill Levies and Other Property Tax Indicators
Taxable Value--40-Mill and 55-Mill Levies
FY Property Class One (Millions) ; & #160; &# 160; 60; $3.840 60; 0; $4.013 0; ; $4.013 ; $4.013
FY Property Class Two (Millions) ; & #160; &# 160; 60; $18.849 &# 160; 60;$16.010 ; $35.469 ; $25.008
60; 0; ; & #160; &# 160; 60; 0; ; $24.540 & #160; $48.377 & #160; $15.373
FY Property Class Three -- Without Reappraisal (Millions) ; $141.329 60; $142.057 0; $142.057 0; $142.057
60; 0; ; & #160; &# 160; 60; 0; ; $142.099 $142.099 60; 0;$142.099
FY Property Class Four -- Without Reappraisal (Millions) ; $1,244.916 60; $1,297.014 &# 160; $1,342.410 &# 160; $1,389.394
60; 0; ; & #160; &# 160; 60; 0; ; $1,296.595 0; $1,341.975 $1,388.945< /span>
FY Property Class Five (Millions) ; & #160; &# 160; 60; $35.418 &# 160; 60;$35.066 ; $35.767 ; $36.481
60; 0; ; & #160; &# 160; 60; 0; ; $35.155 & #160; $35.857 & #160; $36.572
FY Property Class Seven (Millions) ; & #160; &# 160; 60; $1.096 60; 0;$1.214 0; $1.24 4 $1.274
FY Property Class Eight (Millions) ; & #160; &# 160; 60; $138.658 & #160; $149.006 0; $156.412 0; $164.186
60; 0; ; & #160; &# 160; 60; 0; ; $151.317 $158.838 0; $166.733
60; 0; ; & #160; &# 160; 60; 0; ; & #160; $171.854 $179.749
FY Property Class Nine (Millions) ; & #160; &# 160; 60; $264.324 & #160; $263.378 0; $278.274 0; $294.013
60; 0; ; & #160; &# 160; 60; 0; ; $260.190 $274.906 0; $290.454
60; 0; ; & #160; &# 160; 60; 0; ; & #160; $222.842 $238.390
FY Property Class Ten -- Without Reappraisal (Millions) ; $6.822 & #160; $6.817 & #160; &# 160; $6.817 &# 160; 60;$6.817
FY Property Class Twelve (Millions) ; & #160; &# 160; 60;$43.004 &# 160; $43.582 ; $46.615 ; $43.51 6
60; 0; ; & #160; &# 160; 60; 0; ; $43.567 & #160; $43.615
FY Property Class Thirteen (Millions) ; & #160; &# 160; $152.942 & #160; $154.587 0; $162.382 0; $170.570
60; 0; ; & #160; &# 160; 60; 0; ; $154.611 $162.407 60; 0;$170.597
FY PROPERTY CLASS FOURTEEN (MILLIONS) &# 160; 60; 0; $2.944 0; ; $3.179 ; $3.434 $3.708
FY PROPERTY CLASS FIFTEEN (MILLIONS) &# 160; 60; 0; $0.00 0 $0.000 & #160; $0.000 & #160; &# 160; $0.000
FY PROPERTY CLASS SIXTEEN
(MILLIONS) &#
160;
60;
0; $0.000
FY TAXABLE VALUE ADJUSTMENT FOR COURT DECISION ON RECLASSIFICATION OF PROPERTY (MILLIONS)
$0.000 & #160; &# 160; 60; 0; ; & #160; &# 160; $0.000 &# 160; ($39.048) & #160; ($39.048)
FY Total Taxable Value 55-Mill and 40-Mill (Millions) ; $2,041.767 &# 160; $2,109.958 &# 160; $2,206.838 &# 160; $2,276.046
60; 0; ; & #160; &# 160; 60; 0; ; $2,117.330 0; $2,218.526 &# 160; $2,265.108
60; 0; ; & #160; &# 160; 60; 0; ; & #160; $2,179.478 0; $2,226.060
Other Property Tax Indicators
FY Tax Increment Finance Value (Millions) ; & #160; &# 160; $30.120 & #160; $25.752 & #160; $24.821 & #160;$24.737
FY Property Tax Abatement Value (Millions) ; & #160; $18.099 & #160; $20.021 & #160; $20.021 $20.021
FY Taxable Value in 1.5-Mill Vo-Tech Counties --
Without Reappraisal (Millions) ; & #160; &# 160; 60; $721.234 & #160; < span style="text-decoration: line-through">$739.372 0; $773.066 0; $797.341
60; 0; ; & #160; &# 160; 60; 0; ; $747.522 $778.279 60; 0;$802.589
Property Tax Nonlevy Revenue
FY 40-Mill Nonlevy Revenue (Millions) ; & #160; &# 160; $0. 000 60; $0.000 60; 0; $0.000 0; ; $0.000
FY 40-Mill Adjustments (Millions) ; & #160; &# 160; 60; ($1.413) &# 160; 60; $0.000 60; $0.000 0; $0.000
FY 55-Mill Nonlevy Revenue (Millions) ; & #160; &# 160; $0. 000 60; $13.040 &# 160; 60; $15.273 &# 160; $14.612
FY 55-Mill Adjustments (Millions) ; & #160; &# 160; 60; $0.000 60; 0; $0.000 0; ; $0.000 ; $0.000
FY 1.5-Mill Nonlevy Revenue
(Millions)
;
&
#160; &#
160; $0.000 &#
160; $0.000 &#
160;
60; $0.000
60;
0; $0.000
FY 1.5-Mill Adjustments (Millions) ; & #160; &# 160; 60; $0.000 60; 0; $0.000 0; ; $0.000 ; $0.000
Vehicle Tax
FY Large Trucks Growth Rate (Percent Change) ; & #160; (4.67%) & #160; 1.63% < /span>(1.33%) (2.33%)
60; 0; ; & #160; &# 160; 60; 0; ; 0.00%
FY Motor Home Growth Rate (Percent Change) ; & #160; (8.12%) & #160; 1.63% < /span>(1.33%) (2.33%)
60; 0; ; & #160; &# 160; 60; 0; ; 0.00%
FY Light Vehicle Growth Rate (Percent Change) ; & #160; (6.43%) & #160; 1.63% < /span>(1.33%) (2.33%)
60; 0; ; & #160; &# 160; 60; 0; ; 0.00%
FY Boat and Snowmobile Growth Rate (Percent Change) ; (4.41%) ; 1.63% < /span>(1.33%) (2.33%)
60; 0; ; & #160; &# 160; 60; 0; ; 0.00%
FY Manufacturer's Certificate of Origin Growth Rate (Percent Change) (8.40 %) 0; 1.63% < /span>(1.33%) (2.33%)
60; 0; ; & #160; &# 160; 60; 0; ; 0.00%
Corporation License Tax
FY U.S. Profits (Billions) ; & #160; &# 160; 60; 0; $1,755.100 &# 160; $1,647.600 &# 160; $1,752.400 &# 160; $1,845.400
$1,749.800 &# 160; 60; 0; ; & #160; &# 160; $1,493.000 &# 160; $1,499.100 &# 160; $1,706.500
$1,740.700
0;
;
&
#160; &#
160;
60;
0; $1,439.600
$1,426.400 &#
160;$1,680.400
Percent Change in Tax Liability by Industrial Sector
CY Box Stores & #160; &# 160; 60; 0; ; & #160; (1.01%) ; (1.04%) ; 3.11% & #160;2.44%
(1.78%) & #160; &# 160; 60; 0; ; & #160; &# 160; (4.00%) ; 4.79% & #160;3.93%
(1.87%) & #160; &# 160; 60; 0; ; & #160; &# 160; (4.43%) & #160; &# 160; 3.81% &# 160; 60; 3.61%
CY Financial Corporations & #160; &# 160; 60; 0; ; 0.52% < /span>2.45% & #160;3.98% & #160;3.86%
(1.19%) & #160; &# 160; 60; 0; ; & #160; &# 160; (2.15%) ; 5.28% & #160;5.43%
(1.18%) & #160; &# 160; 60; 0; ; & #160; &# 160; (3.62%) & #160; &# 160; 5.49% &# 160; 60; 5.16%
CY Food Production and Transportation & #160; &# 160; 60; 0.43% (0.14%) ; 2.24% & #160;1.96%
(0.05%) & #160; &# 160; 60; 0; ; & #160; &# 160; (4.79%) ; 4.47% & #160;3.59%
(0.11%) & #160; &# 160; 60; 0; ; & #160; &# 160; (3.88%) & #160; &# 160; 3.52% &# 160; 60; 3.27%
CY Health and
Pharmaceuticals
0;
;
&
#160; &#
160; (0.70%)
; 2.56%
&
#160;5.59%
&
#160;6.55%
(0.76%) & #160; &# 160; 60; 0; ; & #160; &# 160; 1.36% < /span>4.74% & #160;4.94%
(1.01%) & #160; &# 160; 60; 0; ; & #160; &# 160; (2.79%) & #160; &# 160; 5.18%
CY Minimum-Payment Corporations & #160; &# 160; 60; 0; ; 0.00% & #160; 0.00% & #160; &# 160; 0.00% &# 160; 60;0.00%
CY Mining & #160; &# 160; 60; 0; ; & #160; &# 160; (13.74%) 0; (14.95%) 0; (0.79%) ; 1.09%
(6.76%) & #160; &# 160; 60; 0; ; & #160; &# 160; (68.22%) < /span>(1.22%) 3.12%< /span>
CY Oil and Natural
Gas
60;
0;
;
&
#160; &#
160; 32.91%
(42.28%)
0;
25.21% & #160; &# 160; 60; 0; ; & #160; (62.58%) 0; 36.30% & #160;7.35%
25.32% & #160; &# 160; 60; 0; ; & #160; &# 160; (63.03%) < /span>31.27% 9.79%
CY Railroads 0; ; & #160; &# 160; 60; 0; ; 6.79% & #160; 5.40%& #160; &# 160; 3.59% &# 160; 60; 3.47%
CY Montana Corporations & #160; &# 160; 60; 0; ; (8.14%) ; (12.17%) 0; ;2.50% 18.85%
60;
0;
;
&
#160; &#
160;
60;
0;
;
(3.22%)
; (11.55%)
0;
60; 0; ; & #160; &# 160; 60; 0; ; (4.07%) & #160; (15.05%) ; 16.21%
CY Telecommunications & #160; &# 160; 60; 0; ; & #160; 0.29% & #160; &# 160; (0.07%) ; 0.18% & #160;0.22%
60; 0; ; & #160; &# 160; 60; 0; ; (0.14%) & #160; 0.14% & #160;0.17%
60; 0; ; & #160; &# 160; 60; 0; ; & #160; 0.12% &# 160; 0.18%
CY Forest Products ; & #160; &# 160; 60; 0; ; (11.88%) 0; (17.71%) 0; ;5.87% 12.33%
(13.24%)
0;
;
&
#160; &#
160;
60;
0;
; (21.50%)
0;
(13.49%) & #160; &# 160; 60; 0; ; & #160; (24.75%) ; 6.32% & #160; 15.15%
CY Utilities & #160; &# 160; 60; 0; ; & #160; &# 160; 60; 1.42% 60; 0.20% ; 0.20% 0.20%
CY All Other &# 160; 60; 0; ; & #160; &# 160; 60; (8.14%) &# 160; (12.17%) 0; ;2.50% 18.85%
60;
0;
;
&
#160; &#
160;
60;
0;
;
(3.22%) &
#160; (11.55%)
0;
60; 0; ; & #160; &# 160; 60; 0; ; (4.07%) & #160; (15.05%) ; 16.21%
CY Current Calendar Year to Fiscal Year Conversion 60; 0; ;60.0% 60.0%< span> & #160; 60.0%& #160; &# 160; 60.0%
CY Previous Calendar Year to Fiscal Year Conversion 60; 0; 40.0 % 0; 40.0% 0; ; 40.0% & #160; 40.0%
FY Bonus Depreciation (Millions) ; & #160; &# 160; 60; ($0.000) &# 160; ($2.618) &# 160; ($3.620) & #160; &# 160; $0.708
Insurance Premiums Tax and License Fees
FY General Fund Fee Revenue (Millions) ; & #160; &# 160; $0.013 &# 160; 60; $0.013 60; 0; $0.013 0; $0.013
FY Genetics Fee (Millions) ; & #160; &# 160; 60; 0; $0.750 0; ; $0.750 ; $0.750 $0.750
FY Premiums Tax (Millions) ; & #160; &# 160; 60; 0; $65.703 60; $67.455&# 160; 60; $70.119 &# 160; 60;$73.199
FY Offsets (Millions) ; & #160; &# 160; 60; 0; ; $1.576 ; $1.510 $1.510 $1.510
FY Refunds (Millions) ; & #160; &# 160; 60; 0; ; $0.180 ; $0.250 $0.250 & #160; $0.250
Video Gambling Tax
FY Video Machine Net Income
(Millions)
;
&
#160; &#
160; $420.985
$443.698
Motor Vehicle Fee--General Fund Allocations
FY Motor Vehicle Registration Fee (Millions) ; & #160; $11.677 & #160; $11.867 ; $11.709 ; $11.436
60; 0; ; & #160; &# 160; 60; 0; ; $11.677 & #160; $11.522 & #160; $11.253
FY Recording of Liens Fee
(Millions)
;
&
#160; &#
160;
60; $0.719
60;
60;
0;
;
&
#160; &#
160;
60;
0;
;
$0.650 &#
160; $0.641 &#
160; $0.627<
/span>
FY Title Fee (Millions) ; & #160; &# 160; 60; 0; ;$2.464 ; $2.504 < /span>$2.470 < /span>$2.413
60;
0;
;
&
#160; &#
160;
60;
0;
;
$2.464 &#
160; $2.431 &#
160; $2.374<
/span>
FY Personal License Plate Fee (Millions) ; & #160; &# 160; $1.336 &# 160; 60; $1.358 < /span>$1.340 < /span>$1.308
60;
0;
;
&
#160; &#
160;
60;
0;
;
$1.336 &#
160; $1.318 &#
160; $1.287<
/span>
FY New License Plate Fee
(Millions)
;
&
#160; &#
160;
60; $1.493
60;
60;
0;
;
&
#160; &#
160;
60;
0;
;
$1.493 &#
160; $2.471 &#
160; $2.682<
/span>
FY Senior Citizen Transit Fee
(Millions)
;
&
#160; &#
160; $0.000 &#
160; $0.000 &#
160;
60; $0.000
60;
0; $0.000
FY Other Fees (Millions) ; & #160; &# 160; 60; 0; $1.113 0; ; $1.132 < /span>$1.116 < /span>$1.090
60;
0;
;
&
#160; &#
160;
60;
0;
;
$1.113 &#
160; $1.099 &#
160; $1.073<
/span>
U.S. Mineral Royalty
CY Oil Production (Millions of Barrels) & #160; &# 160; 60; 0; 3.788 ; 3.761 & #160; 3.733 60; 3.706
CY Coal Production (Millions of Tons) & #160; &# 160; 60; 0; 25.846 23.608 & #160; 22.448 & #160; &# 160; 22.041
CY Natural Gas Production (MMCF) & #160; &# 160; 60; 0; 27.955 0; 28.808 29.686 & #160; 30.592
CY Oil Price (Per Barrel) & #160; &# 160; 60; 0; ; $88.599 ; $46.631 ; $50.681 ; $52.342
$34.838 ; & #160; &# 160; 60; 0; ; $34.838 ; $39.845 ; $48.292
$89.399 & #160; &# 160; 60; 0; ; & #160; &# 160; $35.193 & #160; $ 37.803 & #160; $48.120
CY Coal Price (Per Ton) &# 160; 60; 0; ; & #160; $11.307 & #160;$11.991 $13.538 $14.075
CY Natural Gas Price (Per MCF) &# 160; 60; 0; ; $6.603 $5.179 < /span>$6.182 < /span>$6.402
$6.676 &# 160; 60; 0; ; & #160; &# 160; 60; $3.930 $4.976 < /span>$5.762
60;
0;
;
&
#160; &#
160;
60;
0;
;
$3.812 &#
160; $4.760 &#
160; $5.307<
/span>
CY Oil Royalty Rate (Percent) 0; ; & #160; &# 160; 11.03% 60; 11.03% &# 160; 60; 11.03% &# 160; 60; 11.03%
CY Coal Royalty Rate (Percent) 0; ; & #160; &# 160; 12.11%& #160; &# 160; 12.11% & #160; &# 160; 12.11% & #160; 1 2.11%
CY Natural Gas Royalty Rate (Percent) 0; ; & #160; 11.15%< span> & #160; 11.15% & #160; 11.15% < /span>11.15%
CY Other Royalties (Millions) ; & #160; &# 160; 60; 0; $3.498 0; $2.74 3 $3.275 & #160; $3.391
CY Rent and Bonus
(Millions)
;
&
#160; &#
160;
60;
0;$5.050
0; $5.050
Telecommunications Excise Tax
FY Taxable Gross Receipts (Millions) ; & #160; &# 160; $563.408 & #160; $563.038 ; $564.038 60; 0; $565.285
Tobacco Settlement
FY Volume Change (Percent Change) ; & #160; &# 160; (4.50%) &# 160; (1.37%) & #160; &# 160; (2.48%) & #160; &# 160;(2.55%)
FY Cumulative Volume Change (Percent Change) ; & #160; (34.32%) ; (35.22%) 60; 0; (36.83%) &# 160; (38 .43%)
FY CPI Change (Percent Change) ; & #160; &# 160; 60; 4.08% 60; 0; 3.96% 0; ; 3.00% & #160; 3.00%
FY Cumulative CPI Change (Percent Change) ; & #160; 3 3.21% & #160; 38.48% & #160; 42.63% & #160;46.91%
FY Operating Income Adjustment (Millions) ; & #160; &# 160; $0.000 &# 160; 60;$0.000 60; $0.0 00 0; $0.000
FY Subsequent Manufacturers' Payment (Millions) ; < /span>$430.210 0; $441.292 &# 160; $443.593 & #160; $445.634
FY Nonparticipating Manufacturers' Adjustment (Millions) ; ($3.622) 0; ($3.7 32) 60; ($3.779) &# 160; 60; ($3.839)
Public Institution Reimbursements
FY Private Payments (Millions) ; & #160; &# 160; 60; $1.6 47 0; $2.048 0; ; $2.133 ; $2.218
FY Insurance Payments (Millions) ; & #160; &# 160; 60; $0.346 60; 0; $0.379 0; ;$0.386 ; $0.394
FY Medicaid Payments (Millions) ; & #160; &# 160; 60; $9.392 60; 0; $11.202 60; $11. 691 60; $11.671
FY Medicare Payments (Millions) ; & #160; &# 160; 60; $3.456 60; 0; $2.459 0; ; $2.612 ; $2.781
FY Debt Service MT Developmental Center (Millions) ; ($0.982 ) ($1.017) 0; ;($1.015) 0; ($1.016)
FY Debt Service MT State Hospital (Millions) ; & #160; ($1.797) & #160; ($1.910) & #160; ($1.913) ($1.913 )
FY Adjustments (Millions) ; & #160; &# 160; 60; 0; $0.000 0; ; $0.000 ; $0.000 $0.000
Estate Tax
FY Annual Change in Tax (Percent Change) ; & #160; (85.44%) (7.13%) ; (74.75%) 0; (81.33%)
Oil Production Tax
CY Oil Production (Million Barrels) & #160; &# 160; 60; 0; 34.258 33.125 < /span>31.803 < /span>28.417
31.570 &# 160; 60; 0; ; & #160; &# 160; 60; 28.653 60; 0; 26.431 0; ; 24.612
CY Montana Oil Price (Weighted Price/Barrel) &# 160; 60; 0; $89.200 ; $47.779 ; $56.368 ; $56.217
$89.767 & #160; &# 160; 60; 0; ; & #160; &# 160; $31.841 ; $45.628 ; $54.39 7
60; 0; ; & #160; &# 160; 60; 0; ; $32.133 & #160; $43.323
CY Effective Tax Rate
(Percent)
0;
;
&
#160; &#
160; 9.14%
<
/span>9.49%
&
#160;9.60%
10.23%
9.48% &# 160; 60; 0; ; & #160; &# 160; 60; 10.21%&# 160; 60; 10.19% &# 160; 60; 10.38%
Natural Gas Production Tax
CY Natural Gas Production (MMCF) & #160; &# 160; 60; 121.729 60; 123.350 &# 160; 60; 123.808 &# 160; 11 9.875
CY Montana Natural Gas Price
(Weighted
Price/MCF)
60;
0;
$6.752 & #160; &# 160; 60; 0; ; & #160; $3.693 $5.318 < /span>$5.526
$6.777 &# 160; 60; 0; ; & #160; &# 160; 60; $3.502 60; 0; $5.093 0; ; $5.093
CY Effective Tax Rate (Percent) 0; ; & #160; &# 160; 8.0 1% 60; 8.25% 60; 0; 8.35% 0; ; 8.95%
Treasury Cash Account Interest
FY TCA Average Balance (Millions) ; & #160; &# 160; $7 50.831 & #160; $711.992 0; $581.992 0; $581.992
60; 0; ; & #160; &# 160; 60; 0; ; $829.492 $750.176 60; 0;$770.183
FY TCA Average Yield
(Percent)
0;
;
&
#160; &#
160; 4.10%
60; 0; ; & #160; &# 160; 60; 0; ; 2.01% < /span>1.05% & #160;2.03%
60; 0; ; & #160; &# 160; 60; 0; ; 1.99% &# 160; 1.0 6% 60; 2.07%
FY TRANS Issue Size (Millions) ; & #160; &# 160; 60; $0.000 60; 0; $0.000 0; ; $0.000 ; $0.000
Liquor Excise and License Tax
FY Gross Sales (Millions) ; & #160; &# 160; 60; 0; $78.250 60; $82.972 60; $87.569 &# 160; 60; $93.550
FY Tribal Distributions (Millions) ; & #160; &# 160; 60; $0.288 60; 0; $0.295 0; ; $0.317 ; $0.338
Coal Severance Tax
CY Severance Tax Coal Production (Million Tons) & #160; &# 160; 60; 38.413 60; 0; 35.697 0; 44.699 43.375
CY Montana Contract Sales Price (Weighted CSP/Ton) 0; ; $7.999 ; $8.586 & #160; $9.841 & #160; &# 160;$9.926
Cigarette Tax
FY Cigarette Packs
(Millions)
;
&
#160; &#
160;
60;
0; 50.306
0;
60;
0;
;
&
#160; &#
160;
60;
0;
;
48.415 &#
160; 46.245 &#
160; 46.245<
/span>
FY Effective Tax Rate Per Pack (Dollars) ; & #160; &# 160; $1.70 60; 0; $1.70 ; $1.70 & #160; &# 160; $1.70
FY Tribal Distribution (Millions) ; & #160; &# 160; 60; $4.0 51 0; $3.992 0; ; $4.083 < /span>$4.148
60; 0; ; & #160; &# 160; 60; 0; ; & #160; $3.889 &# 160; $3. 737
Lottery Profits
FY Total Lottery Sales (Millions) ; & #160; &# 160; 60; $43.822 &# 160; 60; $43.041 &# 160; $44.243< span> & #160; $45.478
FY Lottery Interest Earnings (Millions) ; & #160; &# 160; $0.179 60; $0.081 60; 0; $0.096 0; ; $0.194
FY Other Revenue (Millions) ; & #160; &# 160; 60; 0; $0.005 0; $0.005 $0.005 & #160; $0.005
FY Lottery Operating Budget (Millions) ; & #160; &# 160; $7. 575 60; $7.662 < /span>$7.389 < /span>$7.293
& #160; &# 160; 60; 0; ; & #160; &# 160; 60; $7.879 60; 0; $7.728 0; ;$7.763
FY Lottery Prizes and Commissions (Millions) ; & #160; $25.403 $24.950 0; ; $25.647 0; $26.362
Nursing Facilities Fee
FY Bed Days (Millions) ; & #160; &# 160; 60; 0; ;1.804 1.806 &# 160; 1.7 67 0; 1.728
FY Intermediate Care Revenue (Millions) ; & #160; &# 160; $14.845 & #160; $15.068 & #160; $15.295 & #160; $15.525
Liquor Profits
FY Gross Liquor Sales (Millions) ; & #160; &# 160; 60; $98.595 &# 160; $1 04.545 & #160; $110.337 ; $117.873
FY Cost of Goods Sold (Millions) ; & #160; &# 160; 60; $55.688 &# 160; 60;$59.192 &# 160; $62.548& #160; &# 160; $67.110
FY Liquor Discounts and Commissions (Millions) ; & #160; $12.114 < /span>$12.846 $13.557 0; ; $14.483
FY Liquor Operating Costs
(Millions)
;
&
#160; &#
160;
60; $1.683
60;
60;
0;
;
&
#160; &#
160;
60;
0;
;
$2.298 &#
160; $2.670 &#
160; $2.834<
/span>
FY Other Income (Millions) ; & #160; &# 160; 60; 0; $0.000 0; ; $0.000 ; $0.000 & #160; $0.000< /p>
Investment License Fee
FY License Registration (Percent Change) ; & #160; &# 160; 6.88% &# 160; 60; (5.94%) &# 160; 60;1.35% 60; 9.90%
FY Portfolio Growth (Percent Change) ; & #160; &# 160; 12. 41% &# 160; (1.25%) & #160; &# 160; 4.24% &# 160; 60; 11.67%
FY Expense Growth (Percent Change) ; & #160; &# 160; 60;6.91% 60; 46.82% &# 160; 60; 16.24% &# 160; 60; 0.76%
Electrical Energy Tax
FY Kilowatt Hours Produced (Millions) ; & #160; &# 160; 23,488.256 23,536.031 60; 23,583.903 23,631.873
Highway Patrol Fines
FY Highway Patrol Fines (Percent Change) ; & #160; &# 160; (2.55%) & #160; 0.07% 60; 0.07 % 0; 0.07%
Metalliferous Mines Tax
CY Copper Production (Million lb) 0; ; & #160; &# 160; 73.969 70.998 < /span>71.028 < /span>71.059
82.506 &# 160; 60; 0; ; & #160; &# 160; 60; 70.802 60; 0; 75.169 0; ; 79.536
CY Silver Production (Million oz) 0; ; & #160; &# 160; 1.149 & #160; &# 160;0.841 60; 0;0.680 & #160; &# 160; 0.680
2.034 & #160; &# 160; 60; 0; ; & #160; &# 160; 60; 60; 0; 1.122 60; 0;1.565
CY Gold Production (Million oz) 0; ; & #160; &# 160; 0.1 96 0; 0.025 & #160; &# 160; 0.010 & #160; &# 160; 0.010
60; 0; ; & #160; &# 160; 60; 0; ; 0.024 60; 0.009 0.009
CY Lead Production (Million lb) 0; ; & #160; &# 160; 15.402&# 160; 60; 5.158 0; ; 0.000 & #160; 0.000
CY Zinc Production (Million lb) 0; ; & #160; &# 160; 42. 565 60; 13.281 60; 0; 0.000 ; 0.000
CY Molybdenum Production (Million lb)
&
#160; &#
160;
60;
CY Palladium Production (Million oz) & #160; &# 160; 60; 0; 0; ; ; & #160; Not disclosed, confidential information
CY Platinum Production (Million oz) & #160; &# 160; 60; 0; 0; ; & #160; Not disclosed, confidential information
CY Nickel Production (Million lb) 0; ; & #160; &# 160; 0.986 & #160; &# 160;1.015 & #160; &# 160; 1.046 & #160; &# 160; 1.077
0.821 60; 0; ; & #160; &# 160; 60; 0; 0.863 0.863< span> & #160; 0.863
CY Rhodium Production (Million oz) & #160; &# 160; 60; 0; 0; ; & #160; Not disclosed, confidential information
CY Sapphire Production (Million oz) 0; ; & #160; &# 160; 0.000 60; 0; 0.000 ; 0.000 & #160; &# 160; 0.000
CY Copper Sulfide Production (Million
lb)
0;
;
&
#160;
0.000 &#
160; 0.000
CY Copper Price (Per lb) 0; ; & #160; &# 160; 60; $3.893 $3.465 < /span>$3.503 < /span>$3.503
$3.480 &# 160; 60; 0; ; & #160; &# 160; 60; $1.500 60; 0; $1.516 0; ; $1.516
CY Silver Price (Per oz) 0; ; & #160; &# 160; 60; $18.906 ; $12.956 ; $13.078 ; $13.403
$16.310 & #160; &# 160; 60; 0; ; & #160; &# 160; $10.000 & #160; $ 10.094 & #160; $10.345
CY Gold Price (Per oz) 0; ; & #160; &# 160; 60; $927.948 0; $730.474 &# 160; 60; $744.581 & #160; $770.418
$887.540
CY Lead Price (Per
lb)
0;
;
&
#160; &#
160;
60;
$0.960 &# 160; 60; 0; ; & #160; &# 160; 60; $0.500 60; 0; $0.500 0; ; $0.500
CY Zinc Price (Per lb) 0; ; & #160; &# 160; 60; $0.987 $0.987 < /span>$0.987 < /span>$0.987
$0.810 &# 160; 60; 0; ; & #160; &# 160; 60; $0.550 60; 0; $0.550 0; ; $0.550
CY Molybdenum Price (Per lb) & #160; &# 160; 60; 0; ; ; & #160; &# 160; Not disclosed, confidential information
CY Palladium Price (Per oz) & #160; &# 160; 60; 0; ; ; & #160; &# 160; Not disclosed, confidential information
CY Platinum Price (Per oz) 0; ; & #160; &# 160; 60; 60; 0; ; ; Not disclosed, confidential information
CY Nickel Price (Per lb) 0; ; & #160; &# 160; 60; $12.087 ; $12.087 ; $12.087 ; $12.087
$8.380 &# 160; 60; 0; ; & #160; &# 160; 60; $5.000 60; 0; $5.000 0; ; $5.000
CY Rhodium Price (Per oz) & #160; &# 160; 60; 0; ; ; < /span> & #160; &# 160; Not disclosed, confidential information
CY Sapphire Price (Per oz) 0; ; & #160; &# 160; 60; $0.000 60; 0;$0.000 0; $0.00 0 $0.000
CY Copper Sulfide Price (Per lb) 0; ; & #160; &# 160; $0.000 &# 160; 60; $0.000 60; 0; $0.000 0; $0.000
CY Effective Tax Rate (Percent) 0; ; & #160; &# 160; 1.7 2% 60; 1.72% 60; 0; 1.72% 0; ; 1.72%
Public Contractors Tax
FY Tax Before Credits (Millions) ; & #160; &# 160; 60; $6.964 60; 0; $5.582 0; ; $5.945 ; $5.993
FY Credits and Refunds (Millions) ; & #160; &# 160; 60; $1.902 60; 0; $1.524 0; ;$1.623 ; $1.636
Wholesale Energy Transaction Tax
FY Kilowatt Hours (Millions) ; & #160; &# 160; 60; 26,192.843 26,606.873 60; 27,027.448 27,454.671
FY Credits for Taxes Paid (Millions) ; & #160; &# 160; 60; $0.000 60; 0;$0.000 0; $0.00 0 $0.000
Beer Tax
FY Beer Barrels (Millions) ; & #160; &# 160; 60; 0; 0.987 ; 0.999 & #160; &# 160; 1.018 60; 0; 1.038
FY Tribal Distribution (Millions) ; & #160; &# 160; 60; $0.0 61 0; $0.062 0; ; $0.063 ; $0.065
FY Effective Tax Rate (Percent) 0; ; & #160; &# 160; 4.2 0% 60; 4.20% 60; 0; 4.20% 0; ; 4.20%
Driver's License Fees
FY Driver's License Fees (Millions) ; & #160; &# 160; 60; $3.037 60; 0; $3.831 0; $3.163 $3.895
FY Duplicate License Fees (Millions) ; & #160; &# 160; 60; $0.285 60; $0.3 62 0; $0.299 0; ; $0.368
FY Motorcycle Endorsement Fees (Millions) ; & #160; &# 160; $0.013 &# 160; $0. 018 60; $0.014 60; 0; $0.019
FY Commercial Vehicle Endorsement (Millions) ; & #160; $0.377& #160; &# 160; $0.385 &# 160; 60; $0.385 60; 0; $0.385
Tobacco Tax
FY Value of Tobacco Products (Millions) ; & #160; &# 160; $5.509 &# 160; 60; $4.952 60; 0; $4.451 0; ;$4.001
FY Snuff Ounces (Millions) ; & #160; &# 160; 60; 0; 8.759 ; 9.161 & #160; &# 160; 9.606 60; 0; 10.051
FY Tribal Distribution (Millions) ; & #160; &# 160; 60; $0.4 75 0; $0.470 0; ; $0.477 ; $0.486
Railroad Car Tax
CY Total MT Market Value of Fleets (Millions) ; & #160; $113.859 ; $120.002 60; $124.313 & #160; &# 160; $128.624
CY Taxable Value Rate (Percent) 0; ; & #160; &# 160; 3.52%&# 160; 60; 3.44% 60; 0; 3.41% 0; ; 3.37%
CY 95% of Industrial and Commercial
Mill
Levy &#
160;
60;
0; 520.320
60;
0; 524.788
60; 541.558 &#
160; 539.179
Wine Tax
FY Wine Liters (Millions) ; & #160; &# 160; 60; 0; 10.005 0; ; 10.619 ; 11.180 & #160;11.741
FY Tribal Distribution (Millions) ; & #160; &# 160; 60; $0.0 36 0; $0.036 0; ; $0.039 ; $0.041
SELECTED NONGENERAL FUND REVENUE
Except for taxable values attributable to property reappraisal of classes three, four, and ten, the estimates for selected nongeneral fund revenue for fiscal year 2009 and the 2010-2011 biennium are based on the assumption of a continuation of Montana law as it existed on January 1, 2009. The revenue estimates contained in the following table are based on the assumptions listed in the tables that follow the nongeneral fund estimates and the assumptions for each nongeneral fund revenue source contained in the "Legislative Budget Analysis, 2011 Biennium, Volume 2 -- Revenue Estimates" (as adopted by the Revenue and Transportation Interim Committee) prepared by the Legislative Fiscal Division. CHANGES TO THE REVENUE ESTIMATES AND THE ASSUMPTIONS MAY BE MADE BY THE LEGISLATURE.
Current Law
Selected Nongeneral Fund Revenue Estimates
(In Millions of Dollars)
Source of Revenue ; & #160; &# 160; 60; 0; ; Actual Estimated 60; Estimated< span> & #160; Estimated
60; 0; ; & #160; &# 160; 60; 0; ; FY 2008 &# 160; FY 2009 &# 160; FY 2010 &# 160; FY 2011
Gasoline Tax 60; 0; ; & #160; &# 160; 60; 0; $127.433 &# 160; $119.787 & #160; $119.161 ; $118.536
Diesel Tax 60; 0; ; & #160; &# 160; 60; 0; ;71.488 ; 65.085 66.018 & #160; 66.951
Common School Interest and Income & #160; &# 160; 60; 0; 83.026 0; ; 88.354 < /span>70.091 < /span>55.764
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;84.139 < /span>71.015 < /span>57.112
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160;84.136 &# 160; 70. 488 60; 57.593
GVW and Other Fees &# 160; 60; 0; ; & #160; &# 160; 30.238 &# 160; 60; 30.727 60; 0; 31.192 0; 31.672
Federal Forest Receipts ; & #160; &# 160; 60; 0; ; 13.028 ; 26.953 24.258 21.832
6-Mill Property Tax -- Without Reappraisal &# 160; 60; 0; ; 13.313 13.658 < /span>14.601 < /span>14.990
60;
0;
;
&
#160; &#
160;
60;
0;
;
&
#160; &
#160; &#
160;13.702 &#
160; 14.671
<
/span>14.924
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 60; 14.437 &# 160; 14. 690
Resource Indemnity Trust Interest & #160; &# 160; 60; 0; ; 5.801 & #160;5.582 & #160; &# 160; 5.584 & #160; &# 160; 5.594
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 5.580 & #160; &# 160; 5.577 & #160; &# 160; 5.583
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 5.579 60; 0;5.576
Treasure State Endowment Trust Interest & #160; &# 160; 60; 0; 9.194 ; 9.339 & #160; &# 160; 9.989 & #160; 10.938
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 9.251 & #160; &# 160; 9.718 & #160; 10.511
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 9.244 60; 0;9.712 ; 10.492
Gasoline Storage Tank Tax 60; 0; ; & #160; &# 160; 3.714 0; 3.491 3.473< span> & #160; 3.455
Resource Indemnity and Ground Water Assessment Tax 60; 0; ; 1.926 & #160;1.987 &# 160; 60;2.019 0; ;2.587
Diesel Storage Tank Tax 60; 0; ; & #160; &# 160; 60; 2.814 0; ; 2.665 & #160; 2.703 &# 160; 60; 2.741
Parks Trust Interest Earnings & #160; &# 160; 60; 0; ; 1.025 & #160; 1.053 & #160; &# 160; 1.085 & #160; &# 160; 1.122
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 1.051 60; 0;1.079 & #160; &# 160; 1.112
60;
0;
;
&
#160; &#
160;
60;
0;
;
&
#160; &
#160; &#
160;
60;
Capital Land Grant Interest and Income & #160; &# 160; 60; 0; 0.983 ; 0.898 & #160; &# 160; 0.966 60; 0; 0.617
Tobacco Trust Interest Earnings ; & #160; &# 160; 60; 0; 4.546 ; 5.299 & #160; &# 160; 6.121 & #160; &# 160; 6.987
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 5.284 & #160; &# 160; 6.027 & #160; &# 160; 6.804
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 5.283 60; 0;6.022 ; 6.784
Regional Water Trust Interest Earnings ; & #160; &# 160; 60; 2.175 0; ; 2.369 & #160; &# 160; 2.690 & #160; &# 160; 3.136
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 2.331 & #160; &# 160; 2.573 & #160; &# 160; 2.951
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 2.328 60; 0;2.570 ; 2.941
Economic Development Trust Interest Earnings ; & #160; &# 160; 1.801 60; 0; 2.117 & #160; &# 160; 2.431 & #160; &# 160; 2.830
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 2.091 & #160; &# 160; 2.347 & #160; &# 160; 2.695
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 2.088 60; 0;2.343 ; 2.683
Pine Hills Interest and Income & #160; &# 160; 60; 0; ; 0.435 & #160; 0.443 &# 160; 60; 0.451 & #160; &# 160; 0.465
60;
0;
;
&
#160; &#
160;
60;
0;
;
&
#160; &
#160; &#
160;
60;
Cultural Trust Interest Earnings ; & #160; &# 160; 60; 0; 0.584 ; 0.634 & #160; &# 160; 0.650 & #160; &# 160; 0.671
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 0.632 60; 0;0.645 ; 0.663
Deaf and Blind Trust Interest and Income & #160; &# 160; 60; 0; 0.334 ; 0.334 & #160; &# 160; 0.338 & #160; &# 160; 0.347
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; &# 160; 0.333 60; 0;0.336 ; 0.342
Total Nongeneral Fund &# 160; 60; 0; ; & #160; &# 160;$373.856 $380.775 0; $363.821 0; $351.234
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; $376.430 0; $364.228 0; $351.547
60; 0; ; & #160; &# 160; 60; 0; ; & #160; & #160; $376.412 $363.447 60; 0; $351.731
SELECTED ASSUMPTIONS FOR NONGENERAL FUND REVENUE ESTIMATES
Revenue and Transportation Interim Committee
Year Assumption &# 160; 60; 0; ; & #160; &# 160; 60; 2008 0; ; 2009 & #160; &# 160; 2010 60; 0; 2011
Gasoline Tax
FY Taxable Gallons of Gasoline (Millions) ; & #160; &# 160; 485.278 & #160; 4 56.161 & #160; 453.779 & #160; 451.397
FY Taxable Gallons of Gasoline -- Storage Tank Cleanup (Millions) ;495.246 0; 465.532
463.101460.669
FY Refunds (Millions) ; & #160; &# 160; 60; 0; ($2.282) 0; ($2.145) 60; 0; ($2.134) 60; ($2.123)
FY Alcohol Incentive (Millions) ; & #160; &# 160; 60; $0.000 0; $0.000 0; ; $0.000 ; $0.000
Diesel Tax
FY Taxable Gallons of Diesel (Millions) ; & #160; &# 160; 277.333 & #160; &# 160; 252.493 & #160; 2 56.112 & #160; 259.732
FY Taxable Gallons of Diesel -- Storage Tank Cleanup (Millions) ; 375.173 0; 355.289 0; 360.382 60; 0; 365.475
FY Refunds (Millions) ; & #160; &# 160; 60; 0; ($4.702) 0; ($4.281) 60; 0; ($4.343) 60; ($4.404)
GVW Fees
FY GVW Fees (Millions) ; & #160; &# 160; 60; 0; $9.266 0; ; $9.412 ; $9.560 & #160;$9.713
FY Form 3 GVW Fees (Millions) ; & #160; &# 160; 60; $1.137 60; 0; $1.141 0; ; $1.145 ; $1.149
FY Trip Permit Fees (Millions) ; & #160; &# 160; 60; $0.642 0; $0.684 0; ; $0.729 ; $0.777
FY County GVW Fees (Millions) ; & #160; &# 160; 60; $10.827 &# 160; 60; $10.998 &# 160; $11.171< span> & #160; $11.350
FY Overweight Trip Permit Fees (Millions) ; & #160; &# 160; $3.185 &# 160; 60; $3.205 60; $3.224 0; $3.244
FY Special Permit Fees (Millions) ; & #160; &# 160; 60; $1.229 60; 0; $1.242 0; ; $1.255 ; $1.269
FY Temporary Fuel Permits
(Millions)
;
&
#160; &#
160;
60;$0.151
60; $0.157
FY Other Fees (Millions) ; & #160; &# 160; 60; 0; $3.834 0; ; $3.888 ; $3.943 & #160;$4.000
6-Mill Levy Property Tax Indicators (See General Fund Property
Tax Assumptions for Other Detail)
FY TAXABLE VALUE ADJUSTMENT FOR COURT DECISION ON RECLASSIFICATION OF PROPERTY (MILLIONS)
$0.000 & #160; &# 160; 60; 0; ; & #160; &# 160; $0.000 &# 160; ($39.048) & #160; ($39.048)
FY Taxable Value -- Without Reappraisal
(Millions)
;
$2,071.887&#
160; $2,135.710 &#
160; $2,231.659 &#
160; $2,300.783
60; 0; ; & #160; &# 160; 60; 0; ; $2,143.082 0; $2,243.347 &# 160; $2,289.845
& #160; &# 160; 60; 0; ; & #160; &# 160; 60; 0; 0; ; $2,204.299 & #160; $2,250.797
FY Nonlevy Revenue (Millions) ; & #160; &# 160; 60; $0.0 00 0; $0.844 0; ; $1.211 ; $1.185
FY 6-Mill Adjustments
(Millions)
;
&
#160; &#
160;
60; $0.000
- END -
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