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HOUSE JOINT RESOLUTION NO. 2
INTRODUCED BY J. ESSMANN
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 2017 AND EACH FISCAL YEAR OF THE 2018-2019 BIENNIUM FOR THE PURPOSE OF ACHIEVING A BALANCED BUDGET AS REQUIRED BY ARTICLE VIII, SECTION 9, OF THE MONTANA CONSTITUTION; ACCEPTING A PRELIMINARY UNASSIGNED GENERAL FUND BALANCE; 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 2017, 2018, AND 2019.
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, 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 2017 and the 2018-2019 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 2017, 2018, and 2019 be estimated to be $2,194,337,000, $2,301,383,000, and $2,452,611,000 $2,212,592,186, $2,359,344,806, AND $2,476,395,000, respectively.
BE IT FURTHER RESOLVED, that the Legislature accept for budget purposes the preliminary unassigned fiscal year 2016 fund balance of $255,110,000 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 2017, 2018, and 2019.
GENERAL FUND REVENUE
The projections for general fund revenue for fiscal years 2017, 2018, and 2019 are based on the assumptions of the continuation of Montana and federal law as it existed on January 1, 2017. 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 (as adopted by the Revenue and Transportation Interim Committee) contained in the "Legislative Budget Analysis, 2019 Biennium, Volume 2 -- Revenue Estimates" prepared by the Legislative Fiscal Division.
60; Current Law
60; General Fund Revenue Estimates
60; (In Millions of Dollars)
Actu al Estimated Esti mated Estimated
Source of Revenue FY 2016 FY 2017 FY 2018 FY 2019
Largest Seven Sources
Individual Income Tax 60; 0; ; & #160; 1,184.828 1,219.776 1,291.208 1,378.482
60; 0; ; & #160; 160; 60; 60; 0; 1,184.828 ; 1,238.516 60; 1,320.815 & #160;1,404.438
Property Tax 60; 0; ; & #160; < span> & #160; 257.100 260.150 279.620 286.088
60; 0; ; & #160; 160; 60; 60; 0; 257.100 & #160; 160; 261.003 & #160; 2 77.119 & #160; 286.326
Corporate Income Tax 60; 0; ; & #160; 118.387 140.308 134.346 164.575
60; 0; ; & #160; 160; 60; 60; 0; 118.387 & #160; 160; 139.952 & #160; 1 68.762 & #160; 171.748
Vehicle Taxes & Fees 160; 60; 0; ; ; 108.480 109.200 112.700 117.500
60; 0; ; & #160; 160; 60; 60; 0; 108.480 & #160; 160; 110.844 & #160; 1 12.952 & #160; 114.509
Oil & Natural Gas Production Tax 60; 0; ; ; 39.083 & #160; 44.821 49.533 54.875
60; 0; ; & #160; 160; 60; 60; 0; 39.083 160; 60; 45.289 60; 0; 49.939 0; ; 48.914
Insurance Tax & License Fees 160; 60; 0; 0; ; 69.255 & #160; 71.102 72.951 74.800
60; 0; ; & #160; 160; 60; 60; 0; 69.255 160; 60; 73.414 60; 0; 76.000 0; ; 79.887
Video Gambling Tax 60; 0; ; 60.554 & #160; 62.522 64.546 65.801
60; 0; ; & #160; 160; 60; 60; 0; 60.554 160; 60; 59.280 60; 0; 61.904 0; ; 64.516
Largest Seven Sources Subtotal 0; ; 1,837.687 1,907.880 2,004.903 2,142.122
60; 0; ; & #160; 160; 60; 60; 0; 1,837.687 ; 1,928.299 60; 2,067.491 & #160;2,170.338
Other Business Taxes
Driver's License Fee 60; 0; ; & #160; 160; 4.345 & #160; 4.539 4.370 & #160; 4.598
60; 0; ; & #160; 160; 60; 0; ; 4.345 60; 0; 4.938 ; 4.341 & #160; 160; 5.007
Investment License Fee 60; 0; ; & #160; 160; 7.212 & #160; 7.433 7.750 & #160; 8.007
60; 0; ; & #160; 160; 60; 0; ; 7.212 60; 0; 7.454 ; 7.660 & #160; 160; 7.994
Lodging Taxes & #160; 160; 60; 0; ; & #160; 21.493 & #160; 22.978 25.249 27.659
60; 0; ; & #160; 160; 60; 0; ; 21.493 160; 60; 22.196 60; 0; 23.399 0; ; 24.771
Public Contractors Tax 60; 0; ; & #160; 160; 2.397 & #160; 2.510 2.580 & #160; 2.664
60; 0; ; & #160; 160; 60; 0; ; 2.397 60; 0; 2.552 ; 2.540 & #160; 160; 2.527
Railroad Car Tax 60; 0; ; & #160; 160; 60; 3.594 & #160; 3.437 3.457 & #160; 3.487
60; 0; ; & #160; 160; 60; 0; ; 3.594 60; 0; 3.387 ; 3.642 & #160; 160; 3.905
Rental Car Sales Tax 60; 0; ; & #160; 160; 3.878 & #160; 3.282 3.379 & #160; 3.473
60; 0; ; & #160; 160; 60; 0; ; 3.878 60; 0; 3.310 ; 3.357 & #160; 160; 3.658
Telecommunications Excise Tax 60; 0; ; 16.775 & #160; 16.165 15.576 15.009
60; 0; ; & #160; 160; 60; 0; ; 16.775 160; 60; 16.089 60; 0; 15.570 0; ; 14.966
Other Business Taxes Subtotal 0; ; & #160; 59.694 & #160; 60.344 62.362 64.897
60; 0; ; & #160; 160; 60; 0; ; 59.694 160; 60; 59.926 60; 0; 60.508 0; 62.828
Other Natural Resource Taxes & #160; 160; 60; 0; ; ; & #160; & #160; 160; 160;
Coal Severance Tax 60; 0; ; & #160; 160; 14.236 & #160; 13.225 15.650 15.724
60; 0; ; & #160; 160; 60; 0; ; 14.236 160; 60; 113.577 160; 15.460 60; 0; 15.954
Electrical Energy Tax 60; 0; ; & #160; 160; 4.536 & #160; 4.595 4.709 & #160; 4.634
60; 0; ; & #160; 160; 60; 0; ; 4.536 60; 0; 4.448 ; 4.439 & #160; 160; 4.524
Metalliferous Mines Tax 60; 0; ; & #160; 160; 4.221 & #160; 4.129 4.160 & #160; 4.314
60; 0; ; & #160; 160; 60; 0; ; 4.221 60; 0; 4.410 ; 4.274 & #160; 160; 4.156
US Mineral Royalty & #160; 160; 60; 0; ; 16.759 & #160; 19.610 20.391 20.924
60; 0; ; & #160; 160; 60; 0; ; 16.759 160; 60; 19.249 60; 0; 20.497 0; ; 21.229
Wholesale Energy Tax 60; 0; ; & #160; 160; 3.516 & #160; 3.502 3.406 & #160; 3.366
60; 0; ; & #160; 160; 60; 0; ; 3.516 60; 0; 3.539 ; 3.505 & #160; 160; 3.537
Other Natural Resource Taxes Subtotal 0; ; 43.269 & #160; 45.061 48.315 48.962
60; 0; ; & #160; 160; 60; 0; ; 43.269 160; 60; 45.223 60; 0; 48.175 0; 49.401
Other Interest Earnings 0; ; & #160; 160; 60; 0; 0; ; & #160; & #160;
Coal Trust Interest & #160; 160; 60; 0; ; 20.722 & #160; 19.893 20.451 20.955
60; 0; ; & #160; 160; 60; 0; ; 20.722 160; 60; 19.963 60; 0; 20.329 0; ; 20.307
Treasury Cash Account Interest & #160; 160; 60; 0; 3.961 & #160; 5.802 10.487 18.286
60; 0; ; & #160; 160; 60; 0; ; 3.961 60; 0; 4.274 ; 7.577 & #160; 160; 15.507
Other Interest Earnings Subtotal 0; ; & #160; 24.683 & #160; 25.695 30.938 39.241
60; 0; ; & #160; 160; 60; 0; ; 24.683 160; 60; 24.237 60; 0; 27.906 0; 35.814
Other Consumption Taxes & #160; 160; 60; 0; ; ; & #160; 160; 60;
Beer Tax 60; 0; ; & #160; 160; 60; 0; 3.027 & #160; 3.029 3.030 & #160; 3.028
60; 0; ; & #160; 160; 60; 0; ; 3.027 60; 0; 3.051 ; 3.059 & #160; 160; 3.064
Cigarette Tax 60; 0; ; & #160; 160; 60; 31.103 & #160; 30.980 30.768 30.534
60; 0; ; & #160; 160; 60; 0; ; 31.103 160; 60; 30.924 60; 0; 30.718 0; ; 30.529
Liquor Excise & License Tax 60; 0; ; & #160; 19.776 & #160; 20.596 21.677 22.683
60; 0; ; & #160; 160; 60; 0; ; 19.776 160; 60; 21.359 60; 0; 22.265 0; ; 23.218
Liquor Profits & #160; 160; 60; 0; ; & #160; 11.000 & #160; 11.777 12.435 13.085
60; 0; ; & #160; 160; 60; 0; ; 11.000 160; 60; 11.500 60; 0; 12.000 0; ; 12.500
Lottery Profits & #160; 160; 60; 0; ; & #160; 11.963 & #160; 11.549 11.728 12.188
60; 0; ; & #160; 160; 60; 0; ; 11.963 160; 60; 12.363 60; 0; 12.363 0; ; 12.363
Tobacco Tax 60; 0; ; & #160; 160; 60; 6.184 & #160; 6.329 6.461 & #160; 6.593
60; 0; ; & #160; 160; 60; 0; ; 6.184 60; 0; 6.623 ; 6.815 & #160; 160; 6.999
Wine Tax 60; 0; ; & #160; 160; 60; 0; 2.373 & #160; 2.412 2.479 & #160; 2.547
60; 0; ; & #160; 160; 60; 0; ; 2.373 60; 0; 2.484 ; 2.584 & #160; 160; 2.674
Other Consumption Taxes Subtotal 0; ; & #160; 85.427 & #160; 86.673 88.577 90.656
60; 0; ; & #160; 160; 60; 0; ; 85.427 160; 60; 88.304 60; 0; 89.804 0; 91.34 8
Other Sources 0; ; & #160; 160; 60; 0; ; ; & #160; & #160; 160; 60;
All Other Revenue ; & #160; 160; 60; 0; 41.443 & #160; 42.518 43.292 43.679
60; 0; ; & #160; 160; 60; 0; ; 41.443 160; 60; 40.650 60; 0; 41.713 0; ; 42.968
Highway Patrol Fines 160; 60; 0; ; & #160; 4.040 & #160; 4.187 4.244 & #160; 4.293
60; 0; ; & #160; 160; 60; 0; ; 4.040 60; 0; 4.101 ; 4.155 & #160; 160; 4.193
Nursing Facilities Fee 60; 0; ; & #160; 160; 4.764 & #160; 4.526 4.276 & #160; 4.244
60; 0; ; & #160; 160; 60; 0; ; 4.764 60; 0; 4.589 ; 4.277 & #160; 160; 4.181
Public Institution Reimbursements 0; ; & #160; 16.910 & #160; 14.083 11.915 12.017
60; 0; ; & #160; 160; 60; 0; ; 16.910 160; 60; 14.162 60; 0; 12.694 0; ; 12.725
Tobacco Settlement 60; 0; ; & #160; 160; 3.371 & #160; 3.371 2.561 & #160; 2.500
60; 0; ; & #160; 160; 60; 0; ; 3.371 60; 0; 3.101 ; 2.622 & #160; 160; 2.599
Other Sources Subtotal 0; ; & #160; 160; 60; 70.529 & #160; 68.685 66.288 66.733
60; 0; ; & #160; 160; 60; 0; ; 70.529 160; 60; 66.602 60; 0; 65.460 0; ; 66.667
Total General Fund & #160; 160; 60; 0; ; $2,121.288 $2,194.337 $2,301.383 $2,452.611
60; 0; ; & #160; 160; 60; 0; $2,121.288 0; ;$2,212.592 & #160;$2,359.345 60; $2,476.395
SIGNIFICANT ASSUMPTIONS FOR GENERAL FUND REVENUE ESTIMATES
Year Assumption 60; 2016 2017 & #160; 2018 2019
Largest Seven Sources
Individual Income Tax
CY Wage & salary income
growth &
#160;
160;
60;
0;
60; 3.3% 60; 0; ; & #160; 160; 60; 4.5% & #160; 5.3% 160; 60; 5.2%
CY Interest income growth & #160; 160; 60; 0; ; 0.3% 160; 60; 2.3% 0; ; 11.2% & #160; 18.9%
60; 0.4% 60; 0; ; & #160; 160; 60; 3.5% & #160;11.4% & #160; 22.1%
CY Dividend income growth & #160; 160; 60; 0; ; -4.5% 160; 60; 1.1% 0; ; 3.8% & #160; 160; 2.5%
60; -4.5% 60; 0; ; & #160; 160; 60; 2.2 % 0; ; 5.8% & #160; 160; 5.1%
CY Taxable refunds growth & #160; 160; 60; 0; ; 3.1% 160; 60; 3.1% 0; ; 3.1% & #160; 160; 3.1%
60; 3.5% 60; 0; ; & #160; 160; 60; 3.5% & #160; 3.5% 160; 60; 3.5%
CY Alimony received
growth &
#160;
160;
60;
0;
; 4.0% &
#160;
160; 4.0%
CY Net business growth & #160; 160; 60; 0; ; 3.1% 160; 60; -2.2% 0; ; 4.4% & #160; 160; 2.6%
60; 2.5% 60; 0; ; & #160; 160; 60; -3.0 % 0; ; 6.0% & #160; 160; 2.6%
CY Capital gains income growth & #160; 160; 60; 0; -2.9% 160; 60; -1.4% 0; ; 0.2% & #160; 160; 3.5%
60; 1.0% 60; 0; ; & #160; 160; 60; 2.9% & #160; -1.2% 160; 60; 3.6%
CY Supplemental gains income growth & #160; 160; 60; 0; 0.0% & #160; 0.0% 160; 60; 0.0% 0; ; 0.0% span>
CY Rents, royalties & partnership
income
growth &
#160;
160; 5.0%
160;
60; 5.0%
0;
; 5.0% &
#160;
160; 5.0%
60; 4.0% 60; 0; ; & #160; 160; 60; 4.0% & #160; 4.0% 160; 60; 4.0%
CY IRA income growth & #160; 160; 60; 0; ; 7.4% 160; 60; 8.0% 0; ; 6.8% & #160; 160; 6.1%
60; 7.5% 60; 0; ; & #160; 160; 60; 8.9% & #160; 7.1% 160; 60; 6.0%
CY Taxable pension income growth & #160; 160; 60; 0; 6.1% 160; 60; 6.2% 0; ; 5.7% & #160; 160; 5.2%
60; 6.2% 60; 0; ; & #160; 160; 60; 5.7% & #160; 6.0% 160; 60; 5.2%
CY Taxable social security income growth & #160; 160; 60; 10.0% 60; 0; 10.0% 10.0% & #160; 10.0% span>
CY Farm income growth & #160; 160; 60; 0; ; 0.0% & #160; 160; 0.0% 60; 0; 0.0% & #160; 0.0%
CY Unemployment compensation growth & #160; 160; 60; 0.0 % 0; ; 0.0% & #160; 160; 0.0% 60; 0; 0.0%
CY Other income growth & #160; 160; 60; 0; ; 0.0% & #160; 160; 0.0% 60; 0; 0.0% & #160; 0.0%
CY Total additions (Millions) ; & #160; 160; 60;$539.904 0; $557.705 60; $575.506 & #160; 160; $593.307
60; $794.451
&
#160;
160;
60;
0;
;
$780.254
0; $774.696
160; $772.239
CY Total adjustments (Millions) ; & #160; 160; $785.677 0; $782.441 60; $770.951 & #160; 160; $764.620
60; $543.258
&
#160;
160;
60;
0;
;
$564.809
0; $587.542
160; $611.536
CY Federal inflation
factor
160;
60;
0;
;
0.5%
160;
60; 0.8%
0;
; 2.5% &
#160;
160; 2.5%
60; 0; ; & #160; 160; 60; 0; ; & #160; 160; 160; 60; 1.9%
CY State inflation factor 160; 60; 0; ; & #160; 1.0% 160; 60; 2.6% 0; ; 2.4% & #160; 160; 2.4%
60; 1.0% 60; 0; ; & #160; 160; 60; 2.5% & #160; 1.9% 160; 60; 2.5%
CY Full-year resident adjustment 60; 0; ; 100.4% & #160;100.8% 101.6% 102.4%
60; 100.5% & #160; 160; 60; 0; ; & #160; 101.6% & #160; 102.6% & #160;103.5%
CY Nonresident adjustment 60; 0; ; & #160; 107.2% & #160; 107.2% & #160; 107.2% & #160; 107.2%
CY Elderly homeowner/renter credits (Millions) ; < /span>$7.424 & #160; 160; $7.024 160; $6.624 60; 0; $6.224
CY All other credits (Millions) ; & #160; 160; 60;$53.295 & #160;$56.431 $59.895 $63.478
60; $53.570 & #160; 160; 60; 0; ; & #160; $56.662 & #160; $59.779 $63.490
FY Audit, penalty & interest collections (Millions) ; & #160; & #160; 160; $45.708 $48.404 $51.545
60; 0; ; & #160; 160; 60; 0; ; $45.997 & #160; 160;$48.953 & #160; $51.958
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$10.910 160; 60; -$14.543 & #160; 160; -$14.719
Property Tax 60; 0; ; & #160; 160; 60; 0; 0; ; & #160; < /span>
FY Class 1 taxable value (Millions) ; & #160; 160; 60; 60; 0; $4.080 0; ; $4.274 ; $4.156
FY Class 2 taxable value (Millions) ; & #160; 160; 60; 60; 0; $19.454 60; $21.301 60; $20.434
FY Class 3 taxable value (Millions) ; & #160; 160; 60; 60; 0; $142.282 160; $143.179 & #160; $144.082
FY Class 4 taxable value (Millions) ; & #160; 160; 60; 60; $1,5 52.031 & #160; $1,649.218 60; $1,669.300
FY Class 5 taxable value (Millions) ; & #160; 160; 60; 60; 0; $46.795 60; $48.069 60; $49.378
FY Class 7 taxable value (Millions) ; & #160; 160; 60; 60; 0; $1.139 0; ; $1.091 ; $1.046
FY Class 8 taxable value (Millions) ; & #160; 160; 60; 60; 0; $156.987 160; $162.581 & #160; $168.375
FY Class 9 taxable value (Millions) ; & #160; 160; 60; 60; 0; $478.417 160; $524.003 & #160; $573.934
FY Class 10 taxable value (Millions) ; & #160; 160; 60; 60; 0; $4.920 0; ; $4.918 ; $4.916
FY Class 12 taxable value
(Millions)
;
&
#160;
160;
60;
60;
0; $85.934
60; $96.946
160; $94.838
60; 0; ; & #160; 160; 60; 0; ; & #160; 160; 160; $108.315
FY Class 13 taxable value (Millions) ; & #160; 160; 60; 60; $181.614 160; $185.116 & #160; $188.686
FY Class 14 taxable value
(Millions)
;
&
#160;
160;
60;
60;
0; $17.670
60; $18.496
160; $19.361
span>
FY Class 15 taxable value (Millions) ; & #160; 160; 60; 60; 0; $2.355 0; ; $2.379 ; $2.404
FY Abatement value (Millions) ; & #160; 160; 60; 0; 0; $22.0 89 0; $23.466 60; 0; $24.116
60;
0;
;
&
#160;
160;
60;
0;
;
&
#160;
160;
160; $24.227
FY TIF Value
(Millions)
;
&
#160;
160;
60;
0;
; $54.331
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.8 52 0; $2.861 0; ; $1.427
Corporate Income
Tax
60;
0;
;
&
#160;
160;
160;
60;
CY WTI price
($/barrel)
0;
;
&
#160;
160; $43.146
&
#160;$50.833
$55.461
$62.195
60; $43.206 & #160; 160; 60; 0; ; & #160; $55.385 & #160; $54.875 $63.562
CY Domestic crude price ($/barrel) 0; ; & #160; $41.731 & #160;$48.316 $53.487 $60.608
60; $42.341 & #160; 160; 60; 0; ; & #160; $53.864 & #160; $53.484 $60.436
CY Montana retail sales (Millions) ; & #160; 160; $18,085 & #160;$18,576 $19,314 $20,100
60; $18,194 & #160; 160; 60; 0; ; & #160; $18,895 & #160; $19,622 $20,516
CY Montana median home price ($) 0; ; < /span>$217,266 0; $224,844 60; $232,305 & #160; 160; $239,189
60; $220,366
&
#160;
160;
60;
0;
;
$234,167
0; $241,583
160; $247,719
CY Montana population
(Millions)
;
&
#160;
160; 1.043
160;
60; 1.052
0;
; 1.061
&
#160; 1.069<
/p>
60; 1.044 60; 0; ; & #160; 160; 60; 1.05 4 & #160; 1.063 160; 60; 1.071
CY Wholesale employment (Thousands) 160; 60; 0; 17.325 & #160; 160; 17.135 160; 60;17.134 60; 0; 17.193
60; 17.400 160; 60; 0; ; & #160; 160; 17.408 160; 60; 17.498 60; 0; 17.552
CY 3-month commercial paper & #160; 160; 60; 0; ; 0.52% & #160; 160; 0.92% 160; 60; 1.64% 60; 0; 2.56%
60; 0.52%
160;
60;
0;
;
&
#160;
160; 1.13%
160;
60; 2.01%
FY Audit, penalty & interest collections (Millions) ; & #160; & #160; 160; $18.237 $18.891 $19.925
60; 0; ; & #160; 160; 60; 0; ; $11.237 & #160; 160;$19.053 & #160; $20.833
FY Refunds (Millions) ; & #160; 160; 60; 0; ; ; -$31.391 ; -$21.797 60; 0; -$22.990
60; 0; ; & #160; 160; 60; 0; ; -$31.391 -$21.984 ; -$24.038 p>
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$4.8 08 0; -$27.258 160; 60; -$2.496
FY CATTLE PRICE ADJUSTMENT (THOUSANDS) & #160; 160; 160; $5 93.250 & #160; $197.750 ; & #160;
Vehicle Taxes & Fees 160; 60; 0; ; & #160; 160; 60; 0; ;
FY Montana new vehicle sales (Thousands) 160; 60; 0; ; ; 68.218 67.551 66.538
60; 0; ; & #160; 160; 60; 0; ; 66.689 160; 60; 67.076 60; 0;66.573
FY US new vehicle sales (Millions) ; & #160; 160; 60; 60; 0; 17.490 17.608 17.562
60; 0; ; & #160; 160; 60; 0; ; 17.577 160; 60; 17.497 60; 0;17.571
FY US total vehicle stock (Millions) ; & #160; 160; 60; 60; 0; 278.902 284.096 288.257
60; 0; ; & #160; 160; 60; 0; ; 278.954 & #160; 160;284.083 & #160; 288.221
FY RTIC
Adjustment
(Millions)
;
&
#160;
160;
60;
0; ($1.826)
Oil & Natural Gas Production Tax 60; 0; ; & #160; & #160; 160; 60; 60; 0; ;
CY WTI price ($/barrel) 0; ; & #160; 160; $43.146 $50.833 $55.461 $62.19 5
60; $43.206 ; & #160; 160; 60; 0; ; $55.385 ; $54.875 & #160; $63.562
CY Montana oil price ratio 60; 0; ; & #160; 0.820 & #160; 0.820 0.820 & #160; 0.820
60; 0.813
CY Total oil production (Million barrels) & #160; 160; 22.459 20.087 18.514 17.190
60; 23.065 & #160; 160; 60; 0; ; 20.479 & #160; 18.806 & #160;17.475
CY Holiday oil production (Million barrels) & #160; 160; 1.117 < /span> 0.152 0.142 & #160; 0.132
60; 1.250 60; 0; ; & #160; 160; 60; 0.14 9 & #160; 0.138 160; 60; 0.128
CY Henry Hub price ($/MCF) & #160; 160; 60; 0; $2.550 $3.390 $2.952 < /span>$2.931
60; $2.493 160; 60; 0; ; & #160; 160; $3.090 160; 60; $2.801 60; 0; $2.775
CY Montana natural gas price ratio 60; 0; ; 0.765 < /span> 0.765 0.765 & #160; 0.765
60; 0.504
CY Total natural gas production (Million MCFs) & #160; 160; 51.435 45.953 40.076 34.994
60; 74.555 160; 60; 0; ; & #160; 160; 60.703 160; 60; 58.508 60; 0; 53.853
CY Holiday natural gas production (Million MCFs) & #160; 160; 0.904 < /span> 0.952 1.144 & #160; 1.097
60; 0.655 60; 0; ; & #160; 160; 60; 0.73 1 & #160; 1.165 160; 60; 1.168
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$1.1 88 0; $1.873 0; ; $7.042
Insurance Tax & License Fees 160; 60; 0; ; & #160; 160; 160; 60; 0;
FY Montana PCE Finance & Insurance (Millions) ; & #160; & #160; 160; $2,750 & #160; $ 2,838 160; 60;$2,955
60; 0; ; & #160; 160; 60; 0; ; 2,761 60; 0; $2,867 0; ;$3,039
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.119 -$0.276 ; -$1.244
Video Gambling Tax 60; 0; ; & #160; 160; 60; 60; 0; ; ;
FY Montana
personal income
(Millions)
;
&
#160;
160;
160; $45,117&
#160;
160; $47,243 &
#160;
160; $49,681
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.263 $0.034 & #160; -$1.294
FY TIME
SERIES
&
#160;
160;
60;
0;
;
&
#160; 2017
FY MONTANA POPULATION (MILLIONS) 160; 60; 0; ; ; 1.049 & #160; 160; 1.058 60; 0; 1.067
Other Business
Taxes
&
#160;
160;
60;
0;
;
&
#160;
160;
160;
60;
Driver's License Fee 60; 0; ; & #160; 160; 60; 60; 0; ; ;
CY Montana population age 16 and over (Millions) ; & #160; & #160; 160; 0.848 160; 60;0.855 0; ; 0.860
60; 0; ; & #160; 160; 60; 0; ; 0.849 60; 0; 0.856 ; 0.862
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.3 92 0; $0.034 0; ; -$0.399
Investment License Fee 60; 0; ; & #160; 160; 160; 60; 0; 0; ;
FY Montana PCE Finance & Insurance (Millions) ; & #160; & #160; 160; $2,750 & #160; $ 2,838 160; 60;$2,955
60; 0; ; & #160; 160; 60; 0; ; $2,761 160; 60; $2,867 60; 0;$3,039
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.002 $0.147 & #160; $ 0.176
Lodging
Taxes &
#160;
160;
60;
0;
;
&
#160; <
span> &
#160;
160;
160;
60;
p>
FY US consumer spending on accommodations (Billions) ; & #160; $130 160; 60; $137 0; ; $142
60; 0; ; & #160; 160; 60; 0; ; $127 60; 0; $134 & #160; $142
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.311 $1.412 & #160; $ 2.823
Public Contractors Tax 60; 0; ; & #160; 160; 160; 60; 0; 0; ;
FY Highway payments (Millions) ; & #160; 160; 60; 60; 0; ;$355 & #160; 160;$364 60; 0; $373
FY Other payments (Millions) ; & #160; 160; 60; 0; 0; ; $150 & #160; 160; $150 60; 0; $150
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.0 43 0; $0.040 0; ; $0.136
Railroad Car Tax 60; 0; ; & #160; 160; 60; 60; 0; ; ; & #160;
FY Montana retail sales (Millions) ; & #160; 160; 60; 60; 0; $17,653 $17,919 $18,309
60; 0; ; & #160; 160; 60; 0; ; $17,653 & #160; 160;$17,914 & #160; $18,613
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.050 -$0.187 ; -$0.304
Rental Car Sales Tax 60; 0; ; & #160; 160; 60; 60; 0; ; ;
FY Montana PCE Transportation (Millions) ; & #160; 160; 160; 60; $943 160; 60; $953 0; ; $1,024
60; 0; ; & #160; 160; 60; 0; ; $963 60; 0; $973 & #160; $1,044
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.053 $0.102 & #160; -$0.103
Telecommunications Excise Tax 60; 0; ; & #160; & #160; 160; 60; 60; 0; ;
FY Montana population age 16 and over (Millions) ; & #160; & #160; 160; 0.844 0.851 & #160; 0.857
60; 0; ; & #160; 160; 60; 0; ; 0.845 60; 0; 0.852 ; 0.859
CY Landline % 0; ; & #160; 160; 60; 0; 52% & #160; 46% 60; 0; 39%< span> & #160; 160; 33%
CY Cell Phone % 0; ; & #160; 160; 60; 0;95% & #160; 95% 60; 0; 96% & #160; 9 6%
CY Prepaid smartphone penetration 60; 0; ; 35% 160; 60; 0;35% & #160; 35% 60; 0; 35%
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.087 $0.024 & #160; $ 0.063
Other Natural Resource Taxes & #160; 160; 60; 0; ; ; & #160; & #160; 160;
Coal Severance Tax 60; 0; ; & #160; 160; 60; 60; 0; ; ;
CY Price ($/ton) & #160; 160; 60; 0; ; $14.09 $14.47 $14.83 < /span>$15.09
60; $15.87 160; 60; 0; ; & #160; 160; $16.38 160; 60; $16.94 60; 0; $17.30
CY Production (Million tons) 160; 60; 0; ; 30.911 30.143 31.616 32.119
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.28 7 $0.949 < /span>$0.577
Electrical Energy Tax 60; 0; ; & #160; 160; 60; 60; 0; ; ;
FY Taxable Production (kwh) 160; 60; 0; ; & #160; & #160; 22,242 22,197 22,620
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.146 $0.269 & #160; $ 0.110
Metalliferous Mines Tax 60; 0; ; & #160; 160; 160; 60; 0; 0; ;
CY Price: Copper ($/lb) 160; 60; 0; ; & #160; $2.16 160; 60; $2.19 0; ; $2.21 & #160; $2.23 p>
CY Price: Silver ($/oz) & #160; 160; 60; 0; ; $15 160; 60; 0;$15 & #160; 160; $15 0; ; $15 p>
CY Price: Gold ($/oz) & #160; 160; 60; 0; ; $1,139 & #160; $1,111 & #160; 160; $1,085 160; 60; $1,057
CY Price: Moly ($/lb) 160; 60; 0; ; & #160; $ 9 & #160; $10 60; 0; $10 & #160; 160; 60; $10
CY Price: Palladium ($/oz) & #160; 160; 60; 0; ; $602< span> & #160; 160; $629 60; 0; $638 & #160; $647
CY Price: Platinum ($/oz) & #160; 160; 60; 0; ; $911 160; 60; $953 0; ; $997 & #160; 160; $1,044
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.2 81 0; -$0.114 60; 0; $0.158
US Mineral Royalty & #160; 160; 60; 0; ; & #160; 160; 160; 60;
FFY Oil price ($/barrel) 0; ; & #160; 160; $44.17 $53.49 $57.75 < /span>$64.43
60; 0; ; & #160; 160; 60; 0; ; $47.14 160; 60; $47.51 60; 0;$53.09
FFY Oil production (Million barrels) & #160; 160; 60; 2.337 < /span> 1.751 1.542 & #160; 1.332
60; 0; ; & #160; 160; 60; 0; ; 2.310 60; 0; 2.168 ; 2.027
FFY Coal price ($/ton) & #160; 160; 60; 0; ; $18.36 $19.73 $20.53 < /span>$20.99
60; 0; ; & #160; 160; 60; 0; ; $20.88 160; 60; $21.90 60; 0;$22.51
FFY Coal production (Million tons) 160; 60; 0; ; 16.170 15.679 15.371 15.717
60; 0; ; & #160; 160; 60; 0; ; 15.679 160; 60; 15.371 60; 0;15.717
FFY Natural gas price ($/MCF) & #160; 160; 60; 0; $1.85 & #160;$2.75 $2.48 & #160; $2.40
60; 0; ; & #160; 160; 60; 0; ; $2.56 60; 0; $2.38 ; $2.30
FFY Natural gas production (Million MCFs) & #160; 160; 60; 10.287 10.287 10.287 10.287
60; 0; ; & #160; 160; 60; 0; ; 6.616 60; 0; 6.616 ; 6.616
FFY Rent and bonus payments (Millions) ; & #160; 160; 160; 60; $4.795 & #160; $ 4.795 160; 60;$4.795
60; 0; ; & #160; 160; 60; 0; ; $2.821 160; 60; $3.175 60; 0;$3.175
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.7 90 0; -$0.102 60; 0; $0.110
Wholesale Energy
Tax
60;
0;
;
&
#160;
160;
160;
60;
FY Production (kwh) 160; 60; 0; ; & #160; 160; 160; 60; 24,307 24,073 24,296
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.0 36 0; -$0.099 60; 0; -$0.171
Other Interest Earnings 0; ; & #160; 160; 60; 0; 0; ; & #160; < /span>
Coal Trust Interest & #160; 160; 60; 0; ; & #160; 160; 160; 60; 0;
FY Short-term interest rates 160; 60; 0; ; & #160; & #160; 160; 0.63% 160; 60; 1.18% 60; 0; 1.97%
FY Long-term interest rates 160; 60; 0; ; & #160; & #160; 160; 3.49% 160; 60; 3.67% 60; 0; 3.85%
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $1.185 -$0.038 ; -$1.152
Treasury Cash Account Interest & #160; 160; 60; 0; 0; ; & #160; 160;
FY Short-term interest rates 160; 60; 0; ; & #160; & #160; 160; 0.81% & #160; 1.36% 60; 0; 2.15%
60; 0; ; & #160; 160; 60; 0; ; 0.73% 160; 60; 1.43% 60; 0; 2.28%
FY Average balance (Millions) ; & #160; 160; 60; 0; 0; $930.216 0; $940.191 160; 60; $930.992
60; 0; ; & #160; 160; 60; 0; ;$589.483 $530.235 0; $680.590
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $2.480 $6.429 & #160; $ 9.982
Other Consumption Taxes & #160; 160; 60; 0; ; ; & #160; & #160; 160; 60;
Beer Tax 60; 0; ; & #160; 160; 60; 0; 0; ; & #160; 160;
FY Montana PCE food (Millions) ; & #160; 160; 60; 60; 0; $4,604 & #160; $ 4,797 160; 60;$4,993
60; 0; ; & #160; 160; 60; 0; ; $4,666 160; 60; $4,876 60; 0;$5,092
FY Montana population age 21 and above (Millions) ; & #160; & #160; 160; 0.783 0.789 & #160; 0.795
60; 0; ; & #160; 160; 60; 0; ; 0.783 60; 0; 0.791 ; 0.797
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.0 18 0; -$0.024 60; 0; -$0.030
Cigarette Tax 60; 0; ; & #160; 160; 60; 0; 0; ; & #160;
FY U.S. Consumer spending on tobacco (Millions) ; & #160; & #160; 160; $1.275 160; 60; $1.318 60; 0; $1.370
60; (BILLIONS) 0; ; & #160; 160; 60; 0; $108 & #160; $110 160; 60; $112
FY CPI for tobacco & #160; 160; 60; 0; ; & #160; 106 108 & #160; 110
60; 0; ; & #160; 160; 60; 0; ; 135 0; ; 142 160; 60; 150
FY Montana population age 18 and above (Millions) ; & #160; & #160; 160; 0.822 0.829 & #160; 0.835
60; 0; ; & #160; 160; 60; 0; ; 0.823 60; 0; 0.830 ; 0.836
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.079 $0.079 & #160; $ 0.030
Liquor Excise & License Tax 60; 0; ; & #160; 160; 160; 60; 0; 0; ;
FY Montana PCE food (Millions) ; & #160; 160; 60; 60; 0; $4,604 & #160; $ 4,797 160; 60;$4,993
60; 0; ; & #160; 160; 60; 0; ; $4,666 160; 60; $4,876 60; 0;$5,092
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; -$0.7 20 0; -$0.483 60; 0; -$0.353
Liquor Profits & #160; 160; 60; 0; ; & #160; 160; 160; 60; 0; 0; ; ;
FY Montana PCE food (Millions) ; & #160; 160; 60; 60; 0; $4,604 & #160; $ 4,797 160; 60;$4,993
60; 0; ; & #160; 160; 60; 0; ; $4,666 160; 60; $4,876 60; 0;$5,092
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; $0.277 $0.435 & #160; $ 0.585
Lottery Profits & #160; 160; 60; 0; ; & #160; 160; 160; 60; 0; 0; ;
FY Montana population age 18 and above (Millions) ; & #160; & #160; 160; 0.822 0.829 & #160; 0.835
60; 0; ; & #160; 160; 60; 0; ; 0.823 60; 0; 0.830 ; 0.836
FY Short-term interest rates 160; 60; 0; ; & #160; & #160; 160; 0.18% & #160; 0.19% 60; 0; 0.19%
60; 0; ; & #160; 160; 60; 0; ; 0.73% 160; 60; 1.43% 60; 0; 2.28%
FY RTIC
Adjustment
(Millions)
;
&
#160;
160;
60;
0; ($0.814)
Tobacco Tax 60; 0; ; & #160; 160; 60; 0; 0; ; & #160; < /span>
FY Montana population age 18 and above (Millions) ; & #160; & #160; 160; 0.822 0.829 & #160; 0.835
60; 0; ; & #160; 160; 60; 0; ; 0.823 60; 0; 0.830 ; 0.836
FY Montana PCE (Millions) ; & #160; 160; 60; 0; 0; ; $62,096 $64,763 $67,45 2
60; 0; ; & #160; 160; 60; 0; ; $63,413 & #160; 160;$66,320 & #160; $69,369
FY RTIC
Adjustment
(Millions)
;
&
#160;
160;
60;
0; ($0.253)
Wine Tax 60; 0; ; & #160; 160; 60; 0; 0; ; & #160; 160;
FY Montana population age 21 and above (Millions) ; & #160; & #160; 160; 0.783 0.789 & #160; 0.795
60; 0; ; & #160; 160; 60; 0; ; 0.783 60; 0; 0.791 ; 0.797
FY RTIC
Adjustment
(Millions)
;
&
#160;
160;
60;
0; ($0.065)
Other Sources 0; ; & #160; 160; 60; 0; ; ; & #160; & #160; 160;
All Other Revenue ; & #160; 160; 60; 0; ; ; & #160; & #160; 160; 60;
FY Time series & #160; 160; 60; 0; ; & #160; 160; 60; 2017 0; ; 2018 & #160; 160; 2019
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; ; $1.907 $1.682 & #160;$1.022
Highway Patrol Fines 160; 60; 0; ; & #160; 160; 160; 60; 0; 0; ;
FY Time series & #160; 160; 60; 0; ; & #160; 160; 60; 2017 0; ; 2018 & #160; 160; 2019
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; ; $0.086 $0.089 & #160;$0.100
Nursing Facilities Fee 60; 0; ; & #160; 160; 60; 0; ; ;
FY Time series & #160; 160; 60; 0; ; & #160; 160; 60; 2017 0; ; 2018 & #160; 160; 2019
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; ;($0.063) 0; ($0.001) 60; 0; $0.063
Public Institution Reimbursements 0; ; & #160; 160; 160; 60; 0; 0; ;
FY Montana nursing facility residents 0; ; & #160; 160; 160; 60; 4,510 4,471 & #160; 4,432
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; ;($0.079) 0; ($0.779) 60; 0; ($0.708)
Tobacco Settlement 60; 0; ; & #160; 160; 60; 60; 0; ; ;
FY Volume (Millions) ; & #160; 160; 60; 0; ; ; 0.219 0.211 & #160; 0.202
FY Inflation Adjustment 60; 0; ; & #160; 160; 60; 0; 3.0% & #160; 3.0% 160; 60; 3.0%
FY RTIC Adjustment (Millions) ; & #160; 160; 60; 0; ; $0.271 ($0.061) 0; ; ($0.099)
SELECTED NONGENERAL FUND REVENUE
The estimates for selected nongeneral fund revenue for fiscal year 2017 and the 2018-2019 biennium are based on the assumptions of a continuation of Montana law as it existed on January 1, 2017. The revenue estimates contained in the following tables 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, 2019 Biennium, Volume 2 -- Revenue Estimates" prepared by the Legislative Fiscal Division.
Current Law
Selected Nongeneral Fund Revenue Estimates
(In Millions of Dollars)
Actu al Estimated Esti mated Estimated
Source of Revenue FY 2016 FY 2017 FY 2018 FY 2019
Property Tax: 6 Mill 60; 0; ; & #160; 160; 16.755 17.149 < /span>18.161 18.649
60; 0; ; & #160; 160; 60; 0; ; & #160; 18.209 & #160; 18.780
Natural Resource Taxes & #160; 160; 60; 0; ; & #160; 160; 60; 0;
Federal Forest Receipts ; & #160; 160; 60; 0; 15.939 2.505 & #160; 2.654 2.863
Resource Indemnity Tax 60; 0; ; & #160; 160; 2.335 2.357 & #160; 2.324 2.360
60; 2.335 60; 0; ; & #160; 160; 60; 2.490 & #160;2.591 160; 60; 2.649
Natural Resource Taxes Subtotal 0; ; & #160; 18.274 4.861 & #160; 4.978 5.222
60; 18.274
160;
60;
0;
;
&
#160;
160; 4.995
Interest Earnings 0; ; & #160; 160; 60; 0; ; ; & #160;
Capital Land Grant Interest and Income & #160; 160; 60; 1.510 1.112 & #160; 1.171 1.393
Common School Interest and Income & #160; 160; 60; 47.009 41.663 40.722 41.786
60; 47.009 160; 60; 0; ; & #160; 160; 41.166 160; 60; 39.118 60; 0; 38.78 1
Cultural Trust Interest & #160; 160; 60; 0; ; 0.485 0.469 & #160; 0.504 0.543
60; 0.485 60; 0; ; & #160; 160; 60; 0.488 & #160;0.478 160; 60; 0.468
Deaf & Blind Interest and Income & #160; 160; 60; 0; 0.344 0.319 & #160; 0.319 0.339
60; 0.344 60; 0; ; & #160; 160; 60; 0.328 & #160;0.315 160; 60; 0.321
Economic Development Trust 160; 60; 0; ; 3.171 3.352 & #160; 3.785 4.285
60; 3.171 60; 0; ; & #160; 160; 60; 3.460 & #160;3.624 160; 60; 3.803
Parks Trust Interest & #160; 160; 60; 0; ; 0.900 0.884 & #160; 0.956 1.035
60; 0.900 60; 0; ; & #160; 160; 60; 0.928 & #160;0.914 160; 60; 0.901
Pine Hills Interest and Income & #160; 160; 60; 0; 0.392 0.370 & #160; 0.361 0.385
60; 0.392 60; 0; ; & #160; 160; 60; 0.379 & #160;0.357 160; 60; 0.368
Regional Water Trust Interest & #160; 160; 60; 0; 3.307 3.136 & #160; 3.325 3.536
60; 3.307 60; 0; ; & #160; 160; 60; 3.165 & #160;3.095 160; 60; 3.033
Resource Indemnity Trust Interest & #160; 160; 60; 0; 3.973 3.530 & #160; 3.707 3.892
60; 3.973 60; 0; ; & #160; 160; 60; 3.750 & #160;3.547 160; 60; 3.346
Tobacco Trust Interest & #160; 160; 60; 0; ; 9.766 9.109 & #160; 9.670 10.310
60; 9.766 60; 0; ; & #160; 160; 60; 9.368 & #160;9.152 160; 60; 8.968
Treasure State Endowment Trust Interest & #160; 160; 60; 7.009 7.270 & #160; 8.019 8.887
60; 7.009 60; 0; ; & #160; 160; 60; 7.407 & #160;7.524 160; 60; 7.671
Interest Earnings Subtotal 0; ; & #160; 160; 77.866 71.215 72.539 76.392
60; 77.866 160; 60; 0; ; & #160; 160; 71.551 160; 60; 69.295 60; 0; 69.052
Consumption Taxes & #160; 160; 60; 0; ; & #160; 160; 160; 60; 0;
Diesel Tax 60; 0; ; & #160; 160; 60; 73.415 73.423 74.765 76.134
Diesel Storage Tank Tax 60; 0; ; & #160; 160; 2.798 2.927 & #160; 2.985 3.045
Gasoline Tax 60; 0; ; & #160; 160; 60; 144.544 148.537 145.230 145.344
Gasoline Storage Tank Tax 60; 0; ; & #160; 4.059 3.926 & #160; 3.897 3.898
GVW and Other Fees 160; 60; 0; ; & #160; 35.034 35.241 35.455 35.675
Consumption Taxes Subtotal 0; ; & #160; 160; 259.850 264.054 262.333 264.097
60; 259.850 & #160; 160; 60; 0; ; & #160; 264.054 & #160; 262.333 & #160; 264.097
Total of Selected Nongeneral Fund Sources 0; ; $372.746 $357.279 $358.011 $364.360
60; $372.746 & #160; 160; 60; 0; ; $357.748 60; $355.082& #160; 160; $357.440
SELECTED ASSUMPTIONS FOR NONGENERAL FUND REVENUE ESTIMATES
Year Assumption 160; 2017 2018 2019
Property Tax: 6 Mill
FY Taxable Value & #160; 160; 60; 0; ; & #160; $2,693.678 $2,861. 573 $2,940.910
60; 0; ; & #160; 160; 60; 0; ; & #160; < span> & #160; < span style="text-decoration: underline">$2,954.388
FY TIF Value (Millions) ; & #160; 160; 60; 0; ; $54.331 & #160; $50.978 & #160; $50.662
FY Abatement value (Millions) ; & #160; 160; 60; 0; $22.089 & #160; $23.466 & #160; $24.116
60; 0; ; & #160; 160; 60; 0; ; & #160; < span> & #160; 160; $24.227
Natural Resource Taxes & #160; 160; 60; 0; ; & #160; & #160; 160; 60; 0; 0; ;
Federal Forest Receipts ; & #160; 160; 60; 0; ; & #160; 160; 160; 60; 0; 0;
FY Total Montana Receipts (Millions) ; & #160; 160; 60; $2.505 & #160; $2.654 & #160; $2.863
Resource Indemnity Tax 60; 0; ; & #160; 160; 60; 0; 0; ; & #160; 160; 160;
FY Coal Receipts (Millions) ; & #160; 160; 60; 0; ;$2.111 & #160; $2.079 & #160; $2.114
60; $2.244 160; 60; 0; ; & #160; 160; 60; 0; $2.346 0; ; $2.404
FY Other Receipts (Millions) ; & #160; 160; 60; 0; $0.24 5 & #160; $0.245 < /span>$0.245
Interest Earnings 0; ; & #160; 160; 60; 0; ; & #160; 160; 60; 60; 0; ;
Capital Land Grant Interest and Income & #160; 160; 60; 0; ; ; & #160; & #160; 160; 60; 60;
FY Lease Total (Millions) ; & #160; 160; 60; 0; ; $0.915 & #160; $0.876 & #160; $0.889
FY Permanent Fund Total
(Millions)
;
&
#160;
160;
60;
60; $1.021 160; 60; 0; ; & #160; 160; 60; 0; $1.099 0; ; $1.314
FY Administration Costs (Millions) ; & #160; 160; 60; 0;($0.825) 60; 0; ($0.804) 60; 0; ;($0.810)
Common School Interest and Income & #160; 160; 60; 0; ; ; & #160; 160; 160; 60; 0;
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.50% &
#160;
160; 3.68%
60; 3.57% 160; 60; 0; ; & #160; 160; 60; 0; 3.41% 0; ; 3.24%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Cultural Trust
Interest
&
#160;
160;
60;
0;
;
0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.43% &
#160;
160; 3.61%
60; 3.57% 160; 60; 0; ; & #160; 160; 60; 0; 3.40% 0; ; 3.24%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Deaf & Blind Interest and
Income
&
#160;
160;
60;
0;
; 0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.50% &
#160;
160; 3.68%
60; 3.57% 160; 60; 0; ; & #160; 160; 60; 0; 3.41% 0; ; 3.24%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Economic Development
Trust
160;
60;
0;
;
&
#160; 0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.30% &
#160;
160; 3.47%
60; 3.38% 160; 60; 0; ; & #160; 160; 60; 0; 3.26% 0; ; 3.14%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Parks Trust
Interest
&
#160;
160;
60;
0;
;
&
#160;0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.43% &
#160;
160; 3.60%
60; 3.59% 160; 60; 0; ; & #160; 160; 60; 0; 3.42% 0; ; 3.26%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Pine Hills Interest and
Income
&
#160;
160;
60;
0;
; 0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.50% &
#160;
160; 3.68%
60; 3.57% 160; 60; 0; ; & #160; 160; 60; 0; 3.41% 0; ; 3.24%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Regional Water Trust
Interest
&
#160;
160;
60;
0;
; 0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.36% &
#160;
160; 3.52%
60; 3.40% 160; 60; 0; ; & #160; 160; 60; 0; 3.28% 0; ; 3.15%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Resource Indemnity Trust
Interest
&
#160;
160;
60;
0;
; 0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.53% &
#160;
160; 3.71%
60; 3.75% 160; 60; 0; ; & #160; 160; 60; 0; 3.55% 0; ; 3.35%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Tobacco Trust
Interest
&
#160;
160;
60;
0;
;
0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.29% &
#160;
160; 3.45%
60; 3.35% 160; 60; 0; ; & #160; 160; 60; 0; 3.24% 0; ; 3.12%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
Treasure State Endowment Trust
Interest
&
#160;
160;
60;
0; 0.73%
160;
60; 1.43%
FY TFBP Long-Term Interest
Rate
160;
60;
0;
;
&
#160; 3.36% &
#160;
160; 3.52%
60; 3.47% 160; 60; 0; ; & #160; 160; 60; 0; 3.33% 0; ; 3.19%
FY Short-Term Interest
Rate
160;
60;
0;
;
&
#160; 0.63% &
#160;
160; 1.18%
60; 0.73% 160; 60; 0; ; & #160; 160; 60; 0; 1.43% 0; ; 2.28%
Consumption Taxes & #160; 160; 60; 0; ; & #160; < span> & #160; 160; 60; 60; 0; ;
Diesel Tax 60; 0; ; & #160; 160; 60; 0; ; ; & #160; 160; 160; 60; 0;
FY Time Series & #160; 160; 60; 0; ; & #160; 160; 2017 60; 0; ; 2018 & #160; 160; 60; 2019
Diesel Storage Tank
Tax
60;
0;
;
&
#160;
160;
60;
FY Time Series & #160; 160; 60; 0; ; & #160; 160; 2017 60; 0; ; 2018 & #160; 160; 60; 2019
Gasoline Tax 60; 0; ; & #160; 160; 60; 0; ; ; & #160; < span> & #160; 160; 160;
FY Time Series & #160; 160; 60; 0; ; & #160; 160; 2017 60; 0; ; 2018 & #160; 160; 60; 2019
Gasoline Storage Tank Tax 60; 0; ; & #160; 160; 60; 60; 0; ; & #160; & #160;
FY Time Series & #160; 160; 60; 0; ; & #160; 160; 2017 60; 0; ; 2018 & #160; 160; 60; 2019
GVW and Other Fees 160; 60; 0; ; & #160; 160; 60; 60; 0; ; ; & #160; & #160;
FY Time Series & #160; 160; 60; 0; ; & #160; 160; 2017 60; 0; ; 2018 & #160; 160; 60; 2019
- END -
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