2001 Montana Legislature

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HOUSE JOINT RESOLUTION NO. 2

INTRODUCED BY R. SOMERVILLE

Montana State Seal

A JOINT RESOLUTION OF THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE STATE OF MONTANA ESTABLISHING AN OFFICIAL ESTIMATE OF THE STATE'S ANTICIPATED GENERAL FUND REVENUE FOR EACH YEAR OF THE 2002-03 BIENNIUM FOR THE PURPOSE OF ACHIEVING A BALANCED GENERAL FUND BUDGET AS MANDATED BY ARTICLE VIII, SECTION 9, OF THE MONTANA CONSTITUTION; ACCEPTING A JUNE 30, 2000, 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 2001, 2002, AND 2003.



     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 5-18-107, MCA, requires the Revenue and Taxation 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 for the biennium; and

     WHEREAS, the Legislature intends 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 Taxation Interim Committee in its revenue estimating duties; and

     WHEREAS, the Revenue and Taxation Interim Committee obtains the assistance of Executive Branch agencies in the development of the revenue estimates; and

     WHEREAS, the Revenue and Taxation Interim Committee has adopted revenue estimates for the general fund and for specific nongeneral fund sources that are significant in the development of the state budget for the 2003 biennium; 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 financial 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 2001, 2002, and 2003 be estimated to be $1,200,186,000, $1,198,729,000, and $1,210,972,000, respectively.

     BE IT FURTHER RESOLVED, that the Legislature accept for budget purposes the unreserved fiscal year 2000 fund balance of $176,000,000 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 2001, 2002, and 2003.

     BE IT FURTHER RESOLVED, that the Department of Revenue provide the Legislative Fiscal Division with reports at least quarterly concerning aggregate audit collections for the individual income tax, corporation license tax, coal severance tax, telecommunications tax, and oil and natural gas production tax, beginning with the quarter ending September 2001. The reports must include for each tax type the amount of tax, penalty, and interest. The Department shall also on a quarterly basis notify the Legislative Fiscal Division by tax type of aggregate audit settlements greater than $250,000.

     BE IT FURTHER RESOLVED, that the Legislature recognize the competing priorities of implementing POINTS and encourage the Department to recognize the importance of providing audit collections in SABHRS on a monthly basis.

     BE IT FURTHER RESOLVED, that the Department report to the Revenue and Taxation Interim Committee at each meeting during the 2003 biennium on the progress of integrating POINTS with the state accounting system to enable the reporting of audits, penalties, and interest collections separately on SABHRS.

GENERAL FUND REVENUE

     The projections for total general fund revenue during the 2003 biennium (FY 2002 and FY 2003) are based on the assumption of a continuation of Montana law as it existed on January 1, 2001. 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 contained in the "Revenue Estimates as Adopted by the Revenue and Taxation Committee" report prepared by the Legislative Fiscal Division.

Current Law

General Fund Revenue Estimates

(In Millions of Dollars)

Adjusted

Actual Estimated Estimated Estimated

Source of Revenue FY 2000 FY 2001 FY 2002 FY 2003

Individual Income Tax $516.262 $545.356 $575.077 $598.531

Statewide and Vo-Tech Property Taxes 194.197 175.065 173.754 178.828

Corporation Income Tax 90.683 74.626 72.903 74.394

Common School Interest and Income 44.296 47.924 42.621 43.600

Insurance Tax and License Fees 39.334 40.810 42.656 44.030

Permanent Coal Trust Interest Earnings 39.195 39.117 39.133 39.043

U.S. Mineral Royalty 19.243 27.845 21.756 20.474

All Other Revenue 20.488 19.582 19.662 19.462

Wildfire Reimbursements 0.000 28.878 14.570 0.000

Tobacco Settlement Revenue 34.804 15.677 18.925 19.147

Telecommunications Excise Tax 6.366 21.523 18.756 19.113

Video Gambling Machine Tax 13.851 13.828 13.796 15.107

Treasury Cash Account Interest 16.088 17.703 14.696 14.127

Inheritance Tax and Estate Tax 19.039 19.691 17.118 10.097

Oil and Natural Gas Production Tax 11.363 14.188 12.407 11.985

Motor Vehicle Fees 11.716 12.954 11.772 12.004

Public Institution Reimbursements 11.345 11.755 12.521 12.932

Coal Severance Tax 9.502 8.918 9.073 9.058

Liquor Excise and License Tax 7.172 7.534 7.925 8.383

Cigarette Tax 8.464 8.222 8.057 7.889

Investment License Fee 5.390 6.081 6.580 7.119

Lottery Profits 5.841 6.197 6.281 6.372

Liquor Profits 5.900 5.659 5.977 6.267

Nursing Facilities Fee 6.055 5.533 5.547 5.575

Foreign Capital Depository Tax 0.000 0.000 0.000 0.000

Electrical Energy Producers' License Tax 4.829 4.562 4.644 4.664

Metalliferous Mines Tax 2.703 4.063 4.706 4.553

Highway Patrol Fines 4.028 4.096 4.166 4.237

Public Contractors Tax 2.162 1.887 2.441 2.478

Wholesale Energy Transaction Tax 1.895 3.500 3.568 3.614

Tobacco Tax 2.017 2.137 2.265 2.400

Driver's License Fee 2.333 2.165 2.178 2.194

Railroad Car Tax 2.101 1.665 1.688 1.718

Wine Tax 1.017 1.059 1.107 1.156

Beer Tax 0.370 0.386 0.403 0.421

Telephone License Tax 3.491 0.000 0.000 0.000

Long-Range Bond Excess 0.101 0.000 0.000 0.000

Total General Fund $1,163.641 $1,200.186 $1,198.729 $1,210.972

SIGNIFICANT ASSUMPTIONS FOR GENERAL FUND REVENUE ESTIMATES

Revenue and Taxation Interim Committee

Year Assumption 2000 2001 2002 2003

Individual Income Tax

CY     Taxpayer Population (Percent Change) 1.85% 1.85% 1.85% 1.85%

     Income Indicators

CY     Wage and Salary Income (Percent Change) 5.57% 4.57% 4.51% 4.79%

CY     Net Farm Income (Percent Change) 0.00% 0.00% 0.00% 0.00%

CY     Interest Income (Percent Change) (0.60%) 11.20% 4.30% (1.70%)

CY     Dividend Income (Percent Change) 6.40% 4.10% 2.20% 1.30%

CY     Rent, Royalty, and Partnership Income (Percent Change) 1.70% 5.18% 4.92% 4.69%

CY     Net Business Income (Percent Change) (0.60%) 1.40% 1.40% 1.40%

CY     Capital Gains and Losses (Percent Change) 7.90% 1.70% 1.30% (0.10%)

CY     Supplemental Gains (Percent Change) 16.10% 4.10% 3.90% 3.80%

CY     Social Security Income (Percent Change) 10.00% 8.30% 7.70% 7.10%

CY     IRA Income (Percent Change) 10.90% 9.90% 9.90% 9.90%

CY     Pension Income (Percent Change) 10.90% 9.90% 9.90% 9.90%

CY     Other Income (Percent Change) 0.00% 0.00% 0.00% 0.00%

CY     Additions to Income (Percent Change) 19.13% 3.44% 2.87% 2.32%

CY     IRA Deduction (Percent Change) 6.81% 6.81% 6.81% 6.81%

CY     Reductions to Income (Percent Change) 2.05% 3.98% 2.83% 1.80%

     Deductions From Income

CY     Medical Costs and Premiums (Percent Change) 5.80% 6.40% 6.00% 6.60%

CY     Property Tax (Percent Change) 2.95% 4.95% 5.49% 5.49%

CY     Motor Vehicle Taxes and Fees (Percent Change) 0.00% (50.00%) 0.00% 0.00%

CY     Home Mortgage (Percent Change) 8.40% 7.10% 6.60% 6.20%

CY     Contributions (Percent Change) 7.43% 7.43% 7.43% 7.43%

CY     Gambling Losses (Percent Change) 5.00% 5.00% 5.00% 5.00%

     Credits

CY     Home Owner and Renter Credit (Millions) $8.936 $9.000 $9.056 $9.117

CY     Foreign Capital Depository Taxes (Millions) $0.000 $0.000 $0.000 $0.000

CY     Credit for Taxes Paid in Other States (Percent Change) (4.11%) 6.08% 5.73% 5.42%

CY     All Other Credits (Percent Change) 0.00% 0.00% 0.00% 0.00%

CY     Planned Gifts (Percent Change) 36.91% 18.45% (100.00%) 0.00%

     Other Individual Income Tax Assumptions

FY     Penalty and Interest (Millions) $3.415 $0.000 $0.000 $0.000

FY     Income Tax Audit Collections (Millions) $5.760 $10.500 $14.000 $15.000

FY     Amended Returns (Millions) $(0.014) $0.000 $0.000 $0.000

CY     Nonresident Tax Liability (Millions) $32.318 $33.927 $35.826 $37.166

CY     Current Calendar Year to Fiscal Year Conversion 52.1% 52.1% 52.1% 52.1%

CY     Previous Calendar Year to Fiscal Year Conversion 47.9% 47.9% 47.9% 47.9%

FY     Fiscal Year 2000 Base (Millions) $516.262

Property Taxes: Taxable Value and Other Property Tax Indicators

     Taxable Value--40-Mill, 55-Mill, and 1.5-Mill Levies

FY     Property Class One (Millions) $7.027 $5.179 $5.179 $5.179

FY     Property Class Two (Millions) $8.282 $8.461 $12.708 $14.720

FY     Property Class Three (Millions) $139.192 $139.319 $139.250 $138.864

FY     Property Class Four (Millions) $894.188 $920.536 $966.097 $1,019.148

FY     Property Class Five (Millions) $37.015 $39.009 $39.774 $41.121

FY     Property Class Six (Millions) $22.571 $15.695 $9.705 $3.714

FY     Property Class Seven (Millions) $1.882 $0.156 $0.151 $0.149

FY     Property Class Eight (Millions) $215.748 $112.783 $117.181 $121.751

FY     Property Class Nine (Millions) $498.030 $230.833 $223.782 $221.099

FY     Property Class Ten (Millions) $8.520 $8.709 $8.313 $7.301

FY     Property Class Twelve (Millions) $68.193 $49.641 $49.142 $49.475

FY     Property Class Thirteen (Millions) $0.000 $147.143 $139.082 $135.172

FY     Total Taxable Value (Millions) $1,863.987 $1,652.914 $1,684.706 $1,737.291

     Other Property Tax Indicators

FY     Tax Increment Finance Value (Millions) $44.536 $28.429 $29.538 $30.690

FY     Property Tax Abatement Value (Millions) $7.875 $3.880 $3.880 $3.880

FY     Taxable Value in Vo-Tech Counties (Millions) $618.047 $576.691 $587.783 $603.893

FY     Reduction in Taxable Value of Intangible Property (Millions) $0.000 ($4.312) ($29.328) ($44.903)

FY     Value Increase Because of Land Cap Sunset $0.000 $0.000 $0.000 $6.410

     Property Tax Nonlevy Revenue

FY     40-Mill Nonlevy Revenue (Millions) $10.569 $5.317 $4.812 $4.442

FY     40-Mill Adjustments (Millions) ($12.713) ($11.300) ($9.888) ($8.475)

FY     55-Mill Nonlevy Revenue (Millions) $23.089 $18.031 $17.720 $17.351

FY     55-Mill Adjustments (Millions) $0.274 $4.934 $0.000 $0.000

FY     1.5-Mill Nonlevy Revenue (Millions) $0.121 $0.152 $0.147 $0.142

FY     1.5-Mill Adjustments (Millions) $0.000 $0.039 $0.034 $0.029

Corporation License Tax

FY     MT Corporate Taxable Income (Millions) $1,146.150 $1,135.535 $1,152.673 $1,165.016

FY     Penalty and Interest (Millions) $0.661 $0.000 $0.000 $0.000

FY     Corporate Income Tax Audits (Millions) $0.546 $6.500 $3.750 $4.500

Insurance Premiums Tax and License Fees

FY     General Fund Fee Revenue (Millions) $1.028 $0.000 $0.000 $0.000

FY     Genetics Fee (Millions) $0.542 $0.550 $0.555 $0.560

FY     Premiums Tax (Millions) $40.121 $41.398 $42.715 $44.074

FY     Offsets (Millions) $2.083 $0.908 $0.384 $0.374

FY     Refunds (Millions) $1.881 $0.230 $0.230 $0.230

Federal Mineral Royalty

CY     Oil Production (Millions of Barrels) 2.858 2.778 2.841 2.899

CY     Coal Production (Millions of Tons) 25.253 25.194 22.350 22.045

CY     Natural Gas Production (MMCF) 15.080 14.758 15.320 15.698

CY     Oil Price (Per Barrel) $22.188 $16.722 $16.150 $15.906

CY     Coal Price (Per Ton) $9.207 $9.175 $9.550 $9.499

CY     Natural Gas Price (Per MCF) $3.566 $3.838 $3.185 $2.649

CY     Oil Royalty Rate (Percent) 10.95% 10.96% 10.97% 10.94%

CY     Coal Royalty Rate (Percent) 12.28% 12.35% 12.34% 12.32%

CY     Natural Gas Royalty Rate (Percent) 12.32% 12.32% 12.28% 12.29%

CY Other Royalties (Millions) $0.106 $0.110 $0.108 $0.108

CY Rent and Bonus (Millions) $2.539 $4.702 $4.084 $4.019

CY Administration Fee (Millions) $1.039 $0.260 $0.000 $0.000

FY     One-Time Settlement (Millions) $0.000 $6.038 $0.000 $0.000

Treasurer's Cash Account

FY     TCA Average Balance w/TRANS (Millions) $303.628 $268.829 $222.703 $222.703

FY     TCA Average Yield (Percent) 5.30% 6.59% 6.60% 6.34%

FY     TRANS Issue Size (Millions) $0.000 $0.000 $20.000 $20.000

Inheritance Tax and Estate Tax

FY     Annual Change in Tax (Percent Change) 4.03% 3.43% (13.07%) (41.02%)

Video Gambling Machine Tax

FY     Video Machine Net Income (Millions) $269.857 $276.551 $283.412 $297.473

Motor Vehicle License Fee--General Fund Allocations

FY     Motor Vehicle Registration Fee (Millions) $6.233 $6.354 $6.477 $6.602

FY     Recording of Liens Fee (Millions) $0.629 $0.638 $0.646 $0.655

FY     Title Fee (Millions) $1.292 $1.299 $1.306 $1.313

FY     Personal License Plate Fee (Millions) $0.728 $0.751 $0.775 $0.799

FY     New License Plate Fee (Millions) $0.857 $1.874 $0.465 $0.465

FY     Computer Fee (Millions) $1.304 $1.344 $1.385 $1.427

FY     Highway Patrol Fee (Millions) $0.300 $0.310 $0.320 $0.330

FY     Other Fees (Millions) $0.372 $0.385 $0.399 $0.413

Public Institution Reimbursements

FY     Private Payments (Millions) $0.512 $2.468 $2.797 $2.904

FY     Insurance Payments (Millions) $0.000 $0.583 $0.524 $0.524

FY     Medicaid Payments (Millions) $12.491 $10.952 $11.190 $11.500

FY     Medicare Payments (Millions) $0.003 $0.741 $0.997 $0.992

FY     Debt Service MT Developmental Center (Millions) ($0.965) ($1.079) ($1.075) ($1.075)

FY     Debt Service MT State Hospital (Millions) $0.000 ($1.909) ($1.911) ($1.911)

Cigarette Tax

FY     Cigarette Packs (Millions) 71.801 70.504 69.088 67.665

FY     Effective Tax Rate Per Pack (Cents) 16.39 16.39 16.39 16.39

FY     Tribal Distribution (Millions) ($0.178) ($0.297) ($0.291) ($0.287)

Coal Severance Tax

CY     Severance Tax Coal Production (Million Tons) 33.915 34.417 34.803 34.313

CY     Montana Contract Sales Price (Weighted CSP/Ton) $6.497 $6.545 $6.550 $6.544

Oil Severance Tax

CY     Severance Tax Oil Production (Million Barrels) 15.772 16.171 16.538 16.875

CY     Montana Oil Price (Weighted Price/Barrel) $26.38 $19.88 $19.20 $18.91

CY     Exempt Value of Production (Millions) $15.178 $11.560 $11.274 $11.202

CY     Effective Tax Rate (Percent) 10.68% 10.53% 10.40% 10.28%

Lottery Profit

FY     Total Lottery Sales (Millions) $29.900 $30.318 $30.554 $30.825

FY     Lottery Interest Earnings (Millions) $0.279 $0.322 $0.328 $0.314

FY     Other Revenue (Millions) $0.075 $0.085 $0.082 $0.082

FY     Lottery Operating Budget (Millions) $7.008 $6.964 $6.983 $6.991

FY     Lottery Prizes and Commissions (Millions) $17.321 $17.563 $17.700 $17.857

Liquor Excise Tax

FY     Tribal Distributions (Millions) ($0.119) ($0.124) ($0.131) ($0.138)

Nursing Facilities Fee

FY     Bed Days (Millions) 2.020 1.976 1.981 1.991

Telephone License Tax

FY     Total Taxable Gross Receipts (Millions) $193.922 $0.000 $0.000 $0.000

Liquor Profits

FY     Gross Liquor Sales (Millions) $57.359 $60.281 $63.414 $67.080

FY     Cost of Goods Sold (Millions) $32.846 $34.519 $36.313 $38.412

FY     Liquor Discounts and Commissions (Millions) $5.895 $6.195 $6.517 $6.894

FY     Liquor Operating Costs (Millions) $1.167 $1.194 $1.275 $1.284

FY     Other Income (Millions) $0.043 $0.043 $0.043 $0.043

Electrical Energy Producers' License Tax

FY     Kilowatt Hours Produced (Millions) 22,937.762 22,808.460 23,220.332 23,320.932

Investment License Fees

FY     License Registration (Percent Change) 22.12% 12.84% 8.20% 8.20%

Highway Patrol Fines

FY     Highway Patrol Fines (Percent Change) 7.16% 1.71% 1.71% 1.71%

Driver's License Fees

FY     Driver's License Fees (Millions) $1.893 $1.594 $1.606 $1.620

FY     Duplicate License Fees (Millions) $0.033 $0.067 $0.069 $0.071

FY     Motorcycle Endorsement Fees (Millions) $0.014 $0.021 $0.021 $0.021

FY     Interstate Commercial Vehicle Endorsement (Millions) $0.289 $0.395 $0.395 $0.395

FY     Intrastate Commercial Vehicle Endorsement (Millions) $0.065 $0.087 $0.087 $0.087     

Metal Mines Tax

CY     Copper Production (Million lb) 1.898 3.080 3.196 3.196

CY     Silver Production (Million oz) 1.106 1.585 0.846 0.835

CY     Gold Production (Million oz) 0.312 0.283 0.082 0.010

CY     Lead Production (Million lb) 13.054 13.764 2.294 0.000

CY     Zinc Production (Million lb) 33.218 41.486 6.914 0.000

CY     Molybdenum Production (Million lb) 3.800 6.300 7.400 7.700

CY     Palladium Production (Million oz) 0.341 0.379 0.447 0.504

CY     Platinum Production (Million oz) 0.102 0.114 0.134 0.151

CY     Nickel Production (Million lb) 0.353 0.392 0.463 0.521

CY     Rhodium Production (Million oz) 0.002 0.002 0.002 0.003

CY     Sapphire Production (Million oz) 0.000 0.000 0.000 0.000

CY     Iron Oxide Production (Million lb) 0.000 0.000 0.000 0.000

CY     Copper Sulfide Production (Million lb) 47.202 76.620 79.504 79.504

CY     Copper Price (Per lb) $0.508 $0.508 $0.508 $0.508

CY     Silver Price (Per oz) $4.915 $5.018 $5.220 $5.297

CY     Gold Price (Per oz) $273.000 $281.950 $298.450 $312.800

CY     Lead Price (Per lb) $0.223 $0.223 $0.223 $0.223

CY     Zinc Price (Per lb) $0.527 $0.527 $0.527 $0.527

CY     Molybdenum Price (Per lb) $2.065 $2.065 $2.065 $2.065

CY     Palladium Price (Per oz) $700.000 $745.000 $745.000 $745.000

CY     Platinum Price (Per oz) $545.000 $545.000 $545.000 $545.000

CY     Nickel Price (Per lb) $3.831 $3.831 $3.831 $3.831

CY     Rhodium Price (Per oz) $551.571 $551.571 $551.571 $551.571

CY     Sapphire Price (Per oz) $0.000 $0.000 $0.000 $0.000

CY     Iron Oxide Price (Per lb) $0.000 $0.000 $0.000 $0.000

CY     Copper Sulfide Price (Per lb) $0.368 $0.368 $0.368 $0.368

FY     Effective Tax Rate (Percent) 1.65% 1.65% 1.65% 1.65%

Contractor's Gross Receipts Tax

FY     Tax Before Credits (Millions) $5.516 $5.003 $5.265 $5.359

FY     Credits and Refunds (Millions) $3.445 $3.116 $2.824 $2.881

Railroad Car Tax

CY     Total MT Market Value of Fleets (Millions) $95.627 $97.075 $99.036 $101.025

CY     Taxable Value Rate (Percent) 6.08% 4.27% 4.16% 4.07%

CY     95% of Industrial and Commercial Mill Levy 380.057 401.720 409.755 417.950

Tobacco Products Tax

FY     Value of Tobacco Products (Millions) $16.338 $17.316 $18.352 $19.451

FY     Tribal Distribution (Millions) ($0.025) ($0.027) ($0.029) ($0.031)

Natural Gas Severance Tax

CY     Severance Tax Natural Gas Production (MMCF) 61.502 64.914 67.387 69.049

CY     Montana Natural Gas Price (Weighted Price/MCF) $2.741 $2.950 $2.488 $2.036

CY     Exempt Value of Production (Millions) $8.773 $9.633 $8.076 $6.732

CY     Effective Tax Rate (Percent) 11.16% 11.02% 10.90% 10.81%

Wine Tax

FY     Wine Liters (Million) 6.547 6.825 7.129 7.448

FY     Tribal Distribution (Million) ($0.027) ($0.028) ($0.029) ($0.030)

Beer Tax

FY     Beer Barrels (Million) 0.840 0.876 0.913 0.953

FY     Tribal Distribution (Million) ($0.050) ($0.052) ($0.054) ($0.056)

Foreign Capital Depository

FY     November Average Balance (Million) $0.000 $0.000 $0.000 $0.000

FY     May Average Balance (Million) $0.000 $0.000 $0.000 $0.000

Tobacco Settlement

FY     Volume Change (Percent Change) (14.01%) (2.53%) (1.67%) (1.84%)

FY     Cumulative Volume Change (Percent Change) (14.01%) (16.19%) (17.58%) (19.10%)

FY     CPI Change (Percent Change) 3.00% 3.30% 3.00% 3.00%

FY     Cumulative CPI Change (Percent Change) 3.00% 6.40% 9.59% 12.88%

FY     Operating Income Adjustment (Millions) $40.788 $42.134 $43.399 $44.701

FY     Subsequent Manufacturer's Payment (Millions) $46.572 $48.196 $49.838 $51.634

Wholesale Energy Transaction Tax

CY     Kilowatt Hours (Millions) 22,630.597 23,564.316 23,562.631 23,562.631

FY     Kilowatt Hours (Millions) 11,714.972 23,335.510 23,788.606 24,097.858

FY     Credits for Taxes Paid (Million) $0.000 $0.000 $0.000 $0.000

Telecommunications Excise Tax

FY     Taxable Gross Receipts (Millions) $190.390 $552.000 $558.507 $563.013

FY     Credits (Millions) $0.000 $0.997 $2.188 $2.000

SELECTED NONGENERAL FUND REVENUE

     The projections for selected nongeneral fund revenue during the 2003 biennium are based on the assumption of a continuation of Montana law as it existed on January 1, 2001. 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 contained in the "Revenue Estimates as Adopted by the Revenue and Taxation Committee" report prepared by the Legislative Fiscal Division.

Current Law

Selected Nongeneral Fund Revenue Estimates

(In Millions of Dollars)

      Adjusted

Source of Revenue Actual Estimated Estimated Estimated

      FY 2000 FY 2001 FY 2002 FY 2003

Diesel Tax $54.259 $55.345 $56.452 $58.145

Diesel Storage Tank Fee 2.196 2.239 2.284 2.353

Gas Tax 126.764 123.452 124.793 125.447

Gas Storage Tank Fee 3.788 3.807 3.847 3.867

Nongeneral Fund GVW and Other Fees 33.935 32.366 29.666 29.821

Resource Indemnity Trust Tax 6.793 3.140 2.904 2.809

Arts Trust Interest Earnings 0.254 0.301 0.317 0.331

Capital Land Grant Interest and Income 1.914 0.425 0.570 0.889

Deaf and Blind Trust Interest and Income 0.248 0.243 0.250 0.256

Parks Trust Interest Earnings 1.051 1.091 1.123 1.152

Pine Hills Interest and Income 0.300 0.308 0.316 0.328

Resource Indemnity Trust Earnings 9.184 7.467 7.582 7.609

Tobacco Trust Interest Earnings 0.000 0.225 1.044 1.983

Treasure State Endowment Interest Earnings 5.123 6.173 7.088 7.952

Treasure State Endowment Regional Water System Interest Earnings 0.032 0.473 0.775 1.078

6-Mill Property Tax 13.189 12.484 11.889 12.131

9-Mill Property Tax 8.481 6.585 6.687 6.854

SELECTED ASSUMPTIONS FOR NONGENERAL FUND REVENUE ESTIMATES

Revenue and Taxation Interim Committee

Year     Assumption 2000 2001 2002 2003

Diesel Tax

FY Taxable Gallons of Diesel (Millions) 209.610 213.802 218.078 224.621

FY     Taxable Gallons of Diesel--Storage Tank Cleanup (Millions) 292.739 298.594 304.566 313.703     

FY     Refunds (Millions) ($3.326) ($3.392) ($3.460) ($3.564)

Gasoline Tax

FY Taxable Gallons of Gasoline (Millions) 499.783 487.082 492.225 494.734

FY     Taxable Gallons of Gasoline--Storage Tank Cleanup (Millions) 505.010 507.580 512.939 515.554     

FY Refunds (Millions) ($3.268) ($3.185) ($3.218) ($3.235)

FY Tribal Distribution (Millions) ($3.560) ($3.560) ($3.560) ($3.560)

FY Alcohol Incentive (Millions) $0.000 $0.000 $0.000 $1.500

GVW Fees

FY GVW Fees (Millions) $8.853 $8.853 $8.853 $8.853

FY Form 3 GVW Fees (Millions) $0.856 $0.858 $0.858 $0.858

FY Trip Permit Fees (Millions) $0.881 $0.881 $0.881 $0.881

FY County GVW Fees (Millions) $7.321 $7.428 $7.500 $7.501

FY New Car Sales Tax (Millions) $12.534 $6.945 $0.000 $0.000

FY     Motor Vehicle Fee Distribution (Millions) $0.000 $3.847 $7.961 $8.080

FY Overweight Trip Permit Fees (Millions) $1.459 $1.508 $1.550 $1.568

FY Special Permit Fees (Millions) $0.919 $0.931 $0.950 $0.966

FY Temporary Fuel Permits (Millions) $0.105 $0.107 $0.107 $0.107

FY Other Fees (Millions) $1.008 $1.008 $1.008 $1.008

Other 6-Mill Levy Indicators (See General Fund Property Tax Assumptions for Other Detail)

FY     Taxable Value (Millions) $1,900.648 $1,677.463 $1,710.364 $1,764.101

FY     Nonlevy Revenue (Millions) $2.545 $1.761 $1.627 $1.546

FY     6-Mill Adjustments (Millions) $0.000 $0.658 $0.000 $0.000

9-Mill Levy Indicators

FY     Taxable Value (Millions) $716.004 $695.816 $709.630 $730.692

FY     Nonlevy Revenue (Millions) $0.861 $0.319 $0.296 $0.274

FY     9-Mill Adjustments (Millions) $0.000 $0.000 $0.000 $0.000

- END -

I hereby certify that the within joint resolution,

HJ 0002, originated in the House.









Chief Clerk of the House









Speaker of the House



Signed this day

of , 2001.









President of the Senate



Signed this day




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