HOUSE JOINT RESOLUTION NO. 2
INTRODUCED BY B. STORY
BY REQUEST OF THE REVENUE OVERSIGHT 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 ANTICIPATED REVENUE FOR EACH YEAR OF THE 2000-01 BIENNIUM FOR THE PURPOSE OF ACHIEVING A BALANCED BUDGET AS MANDATED BY ARTICLE VIII, SECTION 9, OF THE MONTANA CONSTITUTION; ACCEPTING THE JUNE 30, 1998, GENERAL FUND BALANCE THAT WAS ESTABLISHED BASED ON GENERALLY ACCEPTED ACCOUNTING PRINCIPLES; ESTABLISHING OFFICIAL ESTIMATES OF CERTAIN NONGENERAL FUND REVENUE; AND REQUESTING THE GOVERNOR'S OFFICE OF BUDGET AND PROGRAM PLANNING TO USE THE REVENUE ESTIMATES CONTAINED IN THIS RESOLUTION AS OFFICIAL REVENUE ESTIMATES FOR FISCAL YEARS 1999-2000 AND 2000-01.
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(5), MCA, requires the Revenue Oversight Committee to estimate the amount of revenue projected to be available for legislative appropriation and to introduce legislation 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(7), MCA, requires the Legislative Fiscal Analyst to assist the Revenue Oversight Committee in its revenue estimating duties; and
WHEREAS, the Revenue Oversight Committee obtains the assistance of Executive Branch agencies in the development of the revenue estimates; and
WHEREAS, the Revenue Oversight Committee has improved the process of developing its revenue estimates; and
WHEREAS, the Revenue Oversight Committee has adopted revenue estimates for specific nongeneral fund sources that are significant in the development of the state budget for the 2001 biennium; and
WHEREAS, the Revenue Oversight Committee adopted an estimate of capital gains tax revenue associated with the sale of electrical generation facilities; and
WHEREAS, the timing of the capital gains related to the sale of the electrical generation facilities and the actual tax liabilities of the electric utilities selling the generation facilities are difficult to determine with certainty; and
WHEREAS, Montana is one of 46 states to sign an agreement with tobacco companies that secures for the states a financial settlement related to illegal activities of the tobacco companies; and
WHEREAS, Montana's share of the financial settlement has been calculated to be $66.8 million over the next 3 years; and
WHEREAS, final approval of the agreement and potential federal claims on Montana's share of the settlement may affect the timing and actual amount of settlement proceeds; and
WHEREAS, the complexity of revenue forecasting and the diversity of sources from which state revenue is obtained make it difficult to project revenue in order to prepare a balanced budget for the ensuing biennium; and
WHEREAS, the amount of estimated revenue affects policy decisions of the Executive Branch and the Legislative Branch; and
WHEREAS, the revenue estimates and underlying assumptions contained in this resolution provide the basis for a comprehensive analysis of the state's financial condition; and
WHEREAS, it is in the best interests of the state that revenue estimates be discussed and arrived at in public hearings at which all interested parties may attend and participate.
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 1999, 2000, and 2001 be estimated to be $1,068,122,000, $1,128,363,000, and $1,125,835,000, respectively.
BE IT FURTHER RESOLVED, that the Legislature accept for budget purposes the unreserved fund balance of $44,309,000 for the general fund, prepared according to generally accepted accounting principles as published in the audited state financial statements as of June 30, 1998.
BE IT FURTHER RESOLVED, that because of the uncertainty associated with the estimated capital gains tax revenue, that estimate is shown separately in the resolution as general fund revenue available for one-time appropriation.
BE IT FURTHER RESOLVED, that because factors beyond the control of Montana may affect the timing and actual amount, the anticipated amount of tobacco settlement money available for appropriation from the general fund is shown separately.
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 1999-2000 and 2000-01.
GENERAL FUND REVENUE
The projections for total general fund revenue during the 2000-01 biennium are based on an assumption of a continuation of Montana law as it existed on January 1, 1999. The revenue estimates contained in the following tables are based on the assumptions stated previously in this resolution, the assumptions listed in the tables that follow the general fund estimates, and the assumptions contained in the revenue detail report prepared by the Legislative Fiscal Division. Actual individual tax income collections for fiscal year 1999 are currently exceeding projected collections. The adjustment to estimated individual income tax collections for fiscal year 1999 does not impact the assumptions of other projections.
Current Law
General Fund Revenue Estimates
(In Millions of Dollars)
Actual Estimated Estimated Estimated
Source of Revenue FY 1998 FY 1999 FY 2000 FY 2001
Individual Income Tax $444.161 $472.703 $475.687 $496.634
55-Mill Property Tax 128.709 132.880 133.698 138.258
40-Mill Property Tax 72.793 71.592 75.105 79.560
Corporation Income Tax 69.725 67.380 65.206 65.739
Common School Interest & Income 41.130 41.437 42.657 42.583
Permanent Trust Interest Earnings 40.746 40.528 41.022 41.941
Insurance Premiums Tax 36.813 37.445 38.629 39.226
All Other Revenue 25.428 31.235 18.067 18.055
U.S. Federal Royalty 22.241 19.039 18.492 18.245
TCA Interest Earnings 18.247 17.425 14.621 14.733
Inheritance Tax 15.727 17.679 16.733 17.878
Video Gaming Tax 12.256 12.748 13.389 14.030
Motor Vehicle License Fee 10.778 10.957 11.191 11.406
Institution Reimbursements 10.335 11.314 9.697 10.041
Cigarette Tax 9.544 9.676 9.810 9.946
Coal Severance Tax 8.849 8.854 8.480 8.041
Oil Severance Tax 8.146 6.392 6.768 7.531
Lottery Profit 6.564 5.424 6.537 6.464
Liquor Excise Tax 6.412 6.517 6.628 6.744
Nursing Facilities Fee 6.200 6.090 5.981 5.874
Telephone License Tax 5.773 6.052 6.344 6.650
Liquor Profits 5.400 5.582 5.667 5.754
Electric Energy License Tax 4.402 4.564 4.567 4.606
Investment Licenses 4.086 4.393 4.691 4.978
Highway Patrol Fines 3.801 3.965 4.136 4.314
Driver's License Fee 2.828 2.846 2.242 1.925
Metalliferous Mines Tax 2.307 2.869 3.525 3.356
Contractor's Gross Receipts Tax 2.291 2.573 3.176 3.520
Railroad Car Tax 2.054 2.110 2.130 2.153
Tobacco Tax 1.779 1.882 1.995 2.116
Long-Range Bond Excess 1.746 0.456 0.432 0.410
Natural Gas Severance Tax 0.974 1.100 1.124 1.109
Wine Tax 0.930 0.982 1.039 1.099
1.5-Mill Property Tax 0.849 1.075 1.107 1.141
Beer Tax 0.358 0.358 0.362 0.366
Total General Fund 1,034.382 1,053.122 1,060.935 1,096.426
One-Time Capital Gains Tax on Generation Assets 0.000 0.000 30.000 0.000
Tobacco Settlement Revenue 0.000 0.000 37.428 29.409
Grand Total General Fund $1,034.382 $1,068.122 $1,128.363 $1,125.835
SIGNIFICANT ASSUMPTIONS FOR GENERAL FUND REVENUE ESTIMATES
Revenue Oversight Committee
Year Assumption 1998 1999 2000 2001
Individual Income Tax
CY Taxpayer Population (Percent Change) 1.10% 1.50% 2.00% 2.00%
Income Indicators
CY Wage and Salary (Percent Change) 4.30% 4.05% 4.56% 4.67%
CY Net Farm Income (Percent Change) 0.00% 0.00% 0.00% 0.00%
CY Interest Income (Percent Change) 2.10% 1.60% 2.50% 3.40%
CY Dividend Income (Percent Change) 1.00% 4.00% 5.10% 5.10%
CY Rent/Royalty/Partnership Income (Percent Change) 2.70% 4.90% 4.30% 5.20%
CY Net Business Income (Percent Change) 0.00% 0.00% 0.00% 0.00%
CY Capital Gains/Losses (Percent Change) 0.00% 0.00% 5.00% 5.00%
CY Supplemental Gains (Percent Change) 0.00% 0.00% 0.00% 0.00%
CY Social Security Income (Percent Change) 12.58% 12.58% 12.58% 12.58%
CY IRA Income (Percent Change) 8.86% 8.86% 8.86% 8.86%
CY Pension Income (Percent Change) 8.86% 8.86% 8.86% 8.86%
CY Other Income (Percent Change) 0.00% 0.00% 0.00% 0.00%
CY Additions to Income (Percent Change) 0.77% 0.85% 1.20% 1.36%
CY IRA Deduction (Percent Change) 3.44% 3.44% 3.44% 3.44%
CY Reductions to Income (Percent Change) 1.29% 1.46% 1.94% 2.13%
Deductions From Income
CY Medical Costs (Percent Change) 5.40% 6.00% 6.90% 7.10%
CY Property Tax (Percent Change) 8.83% 8.83% 8.83% 8.83%
CY Motor Vehicle Tax (Percent Change) 3.70% -1.80% 4.20% 5.40%
CY Home Mortgage (Percent Change) 7.65% 7.65% 7.65% 7.65%
CY Contributions (Percent Change) 7.68% 7.68% 7.68% 7.68%
Credits
CY Home Owner/Renter Credit (Millions) $8.824 $9.053 $9.288 $9.350
CY Credit for Taxes Paid in Other States (Percent Change) 10.00% 10.00% 10.00% 10.00%
CY All Other Credits (Percent Change) 1.10% 1.50% 2.00% 2.00%
Other Individual Income Tax Assumptions
FY Penalty & Interest (Millions) $3.917 $4.500 $4.950 $4.950
FY Income Tax Audit Collections (Millions) $8.825 $10.000 $11.000 $11.000
FY Amended Returns (Millions) $1.359 $2.000 $2.000 $2.000
FY Federal Tax Reform (Millions) $0.000 $0.000 $3.037 $3.745
CY Nonresident Tax Liability (Millions) $26.287 $27.132 $28.248 $29.571
CY Calendar Year to Fiscal Year Conversion 52.1%/47.9% 52.1%/47.9% 52.1%/47.9% 52.1%/47.9%
FY Fiscal Year 1998 Base (Millions) $438.161
Property Taxes: Taxable Value and Other Property Tax Indicators
Taxable Value--40-Mill, 55-Mill, and 1.5-Mill Levies (and 6-Mill and 9-Mill Levies)
FY Property Class One (Millions) $6.862 $7.625 $7.677 $7.689
FY Property Class Two (Millions) $9.044 $8.781 $8.189 $6.316
FY Property Class Three (Millions) $143.780 $143.007 $143.007 $143.007
FY Property Class Four (Millions) $920.067 $952.059 $986.477 $1,002.455
FY Property Class Five (Millions) $34.034 $34.068 $34.068 $34.068
FY Property Class Six (Millions) $21.958 $23.833 $23.833 $23.833
FY Property Class Seven (Millions) $1.616 $1.784 $1.784 $1.784
FY Property Class Eight (Millions) $220.482 $203.383 $212.501 $222.027
FY Property Class Nine (Millions) $481.958 $494.535 $508.164 $521.422
FY Property Class Ten (Millions) $7.449 $7.678 $7.879 $8.104
FY Property Class Twelve (Millions) $68.029 $65.266 $65.266 $65.266
Other 40-Mill, 55-Mill, and 1.5-Mill Levies (and 6-Mill and 9-Mill) Indicators
FY Tax Increment Finance (Millions) $30.186 $48.065 $48.065 $48.065
FY Property Tax Abatement (Millions) $10.571 $9.071 $9.071 $9.071
Other 40-Mill Levy Indicators
FY Nonlevy Revenue (Millions) $7.994 $8.731 $9.424 $10.181
FY SB 417 and Other Adjustments (Millions) ($12.201) ($13.260) ($12.713) ($11.300)
Other 55-Mill Levy Indicators
FY Nonlevy Revenue (Millions) $23.066 $24.110 $23.978 $25.396
FY SB 417 and Other Adjustments (Millions) $0.274 $1.463 $0.274 $0.274
FY Federal Forest Receipts (Millions) $2.190 $2.641 $1.654 $1.654
FY Volume of Timber (Millions of Board Feet) 0.212 NA 0.160 0.160
FY Timber Price (Per Board Foot) $161.580 NA $161.580 $161.580
FY Forest Revenue Allocation (Percentage) 25.59% 25.59% 25.59% 25.59%
Other 1.5-Mill Levy Indicators
FY Nonlevy Revenue (Millions) $0.123 $0.134 $0.138 $0.144
FY SB 417 and Other Adjustments (Millions) $0.000 $0.000 $0.000 $0.000
Other Property Tax Indicators
FY Value of Light Vehicles (Millions) $3,792.655 $4,151.286 $4,547.867 $4,983.633
FY Flat Fee--Heavy Trucks and Buses (Millions) $2.357 $4.700 $4.770 $4.842
Corporation License Tax
FY MT Corporate Taxable Income (Millions) $1,089.502 $1,070.793 $1,047.188 $1,056.237
FY Penalty and Interest (Millions) $1.469 $1.646 $1.646 $1.646
FY Corporate Income Tax Audits (Millions) $2.919 $3.084 $2.300 $2.300
Insurance Premiums Tax and License Fees
FY General Fund Fee Revenue (Millions) $2.243 $2.345 $2.477 $2.619
FY Miscellaneous Receipts (Millions) $0.476 $0.476 $0.476 $0.476
FY Genetics Fee (Millions) $0.574 $0.563 $0.567 $0.568
FY Premiums Tax (Millions) $37.685 $37.515 $37.638 $37.613
FY Offsets (Millions) $3.030 $2.654 $1.729 $1.251
FY Refunds (Millions) $0.663 $0.800 $0.800 $0.800
Federal Mineral Royalty
CY Oil Production (Millions of Barrels) 2.833 2.802 2.751 2.691
CY Coal Production (Millions of Tons) 26.395 24.633 23.864 22.512
CY Natural Gas Production (MMCF) 11.818 11.845 11.803 11.726
CY Oil Price (Per Barrel) $13.822 $13.477 $16.226 $17.790
CY Coal Price (Per Ton) $9.401 $9.449 $9.622 $9.636
CY Natural Gas Price (Per MCF) $2.383 $2.523 $2.508 $2.492
CY Oil Royalty Rate (Percentage) 11.00% 10.99% 11.00% 10.98%
CY Coal Royalty Rate (Percentage) 12.29% 12.33% 12.31% 12.30%
CY Natural Gas Royalty Rate (Percentage) 12.32% 12.35% 12.34% 12.35%
CY Other Royalties (Millions) $4.681 $0.352 $0.352 $0.352
CY Rent & Bonus (Millions) $2.020 $2.020 $2.020 $2.020
CY Administration Fee (Millions) $1.021 $1.034 $1.034 $1.034
Treasurer's Cash Account
FY TCA Average Balance w/TRANS (Millions) $291.934 $300.000 $265.500 $265.500
FY TCA Average Yield (Percent) 6.06% 5.81% 5.51% 5.55%
FY TRANS Issue Size (Millions) $110.700 $68.600 $90.000 $90.000
Inheritance Tax
FY Annual Change in Tax (Percent Change) 7.99% 12.42% -5.35% 6.84%
Video Gaming Tax
FY Video Machine Net Income (Millions) $243.439 $254.964 $267.782 $280.601
Motor Vehicle License Fee -- General Fund Allocations
FY Motor Vehicle Registration Fee (Millions) $5.864 $5.954 $6.094 $6.237
FY Recording of Liens Fee (Millions) $0.618 $0.627 $0.634 $0.636
FY Title Fee (Millions) $1.359 $1.380 $1.411 $1.434
FY Personal License Plate Fee (Millions) $0.657 $0.674 $0.702 $0.731
FY New License Plate Fee (Millions) $0.463 $0.463 $0.461 $0.460
FY Computer Fee (Millions) $1.244 $1.285 $1.307 $1.326
FY Highway Patrol Fee (Millions) $0.281 $0.281 $0.281 $0.281
FY Other Fees (Millions) $0.293 $0.295 $0.301 $0.300
Institution Reimbursements
FY Private Payments (Millions) $1.636 $1.974 $2.235 $2.276
FY Insurance Payments (Millions) $0.383 $0.295 $0.370 $0.369
FY Medicaid Payments (Millions) $9.122 $9.829 $10.002 $10.308
FY Medicare Payments (Millions) $0.073 $0.088 $0.077 $0.077
FY County Payments (Millions) $0.000 $0.250 $0.000 $0.000
FY Debt Service MT Developmental Center (Millions) ($0.878) ($1.078) ($1.077) ($1.079)
FY Debt Service MT State Hospital (Millions) $0.000 $0.000 ($1.910) ($1.909)
Cigarette Tax
FY Cigarette Packs (Millions) 75.779 81.518 82.655 83.795
FY Effective Tax Rate Per Pack (Cents) 17.48 16.47 16.47 16.47
Coal Severance Tax
CY Severance Tax Coal Production (Million Tons) 34.605 34.331 31.200 29.843
CY Montana Contract Sales Price (Weighted CSP/Ton) $6.301 $6.672 $6.889 $6.927
Oil Severance Tax
CY Severance Tax Oil Production (Million Barrels) 16.006 15.829 15.543 15.207
CY Montana Oil Price (Weighted Price/Barrel) $12.02 $11.72 $14.11 $15.47
CY Exempt Value of Production (Millions) $6.755 $7.632 $9.123 $9.309
CY Effective Tax Rate (Percentage) 11.26% 11.14% 11.05% 10.97%
Lottery Profit
FY Total Lottery Sales (Millions) $29.775 $29.843 $29.910 $29.978
FY Lottery Interest Earnings (Millions) $0.251 $0.247 $0.251 $0.256
FY Other Revenue (Millions) $0.088 $0.094 $0.091 $0.092
FY Lottery Operating Budget (Millions) $6.510 $7.851 $6.718 $6.852
FY Lottery Prizes (Millions) $16.971 $16.907 $16.997 $17.010
Liquor Excise Tax
FY Liquor Units (Millions) 4.714 4.714 4.714 4.714
FY Dollars Per Unit $9.858 $10.004 $10.176 $10.352
FY Liquor Discounts and Commissions (Millions) $4.908 $4.981 $5.067 $5.154
Nursing Facilities Fee
FY Bed Days (Millions) 2.214 2.175 2.136 2.098
Telephone License Tax
FY Total Taxable Gross Receipts (Millions) $320.741 $336.197 $352.397 $369.378
Liquor Profits
FY Cost of Goods Sold (Millions) $29.128 $29.863 $30.377 $30.903
FY Liquor Operating Costs (Millions) $0.904 $0.982 $1.009 $1.038
FY Other Income (Millions) $0.024 $0.024 $0.024 $0.024
Electric Energy Producers' License Tax
FY Kilowatt Hours Produced (Millions) 22,727.116 23,009.099 22,926.755 23,073.843
FY Credits for Loan Interest Rate Differential (Millions) $0.076 $0.038 $0.019 $0.010
Investment License Fees
FY License Registration (Percent Change) 8.37% 7.53% 6.78% 6.10%
Highway Patrol Fines
FY Highway Patrol Fines (Percent Change) 4.31% 4.31% 4.31% 4.31%
Driver's License Fees
FY Driver's License Fees (Millions) $2.401 $2.408 $1.887 $1.615
FY Duplicate License Fees (Millions) $0.060 $0.060 $0.060 $0.060
FY Motorcycle Endorsement Fees (Millions) $0.014 $0.016 $0.012 $0.011
FY Interstate Commercial Vehicle Endorsement (Millions) $0.290 $0.296 $0.232 $0.196
FY Intrastate Commercial Vehicle Endorsement (Millions) $0.065 $0.066 $0.051 $0.043
Metal Mines Tax
CY Copper Production (Million lb) 94.073 84.726 84.726 84.726
CY Silver Production (Million oz) 1.632 1.502 2.580 0.947
CY Gold Production (Million oz) 0.278 0.269 0.221 0.209
CY Lead Production (Million lb) 15.732 15.992 7.576 0.000
CY Zinc Production (Million lb) 47.486 54.438 12.708 0.000
CY Molybdenum Production (Million lb) 10.209 9.252 9.252 9.252
CY Palladium Production (Million oz) 0.357 0.505 0.532 0.874
CY Platinum Production (Million oz) 0.113 0.159 0.168 0.276
CY Nickel Production (Million lb) 0.000 0.000 0.000 0.000
CY Rhodium Production (Million oz) 0.002 0.002 0.002 0.002
CY Sapphire Production (Million oz) 1.235 1.235 1.235 1.235
CY Iron Oxide Production (Million lb) 0.010 0.010 0.010 0.010
CY Copper Price (Per lb) $0.730 $0.750 $0.770 $0.790
CY Silver Price (Per oz) $4.950 $5.000 $5.110 $5.190
CY Gold Price (Per oz) $290.000 $298.000 $306.000 $316.000
CY Lead Price (Per lb) $0.340 $0.340 $0.340 $0.340
CY Zinc Price (Per lb) $0.470 $0.470 $0.470 $0.470
CY Molybdenum Price (Per lb) $3.680 $3.680 $3.680 $3.680
CY Palladium Price (Per oz) $145.000 $225.000 $225.000 $225.000
CY Platinum Price (Per oz) $360.000 $360.000 $360.000 $360.000
CY Nickel Price (Per lb) $3.800 $3.800 $3.800 $3.800
CY Rhodium Price (Per oz) $550.000 $550.000 $550.000 $550.000
CY Sapphire Price (Per oz) $0.500 $0.500 $0.500 $0.500
CY Iron Oxide Price (Per lb) $34.000 $34.000 $34.000 $34.000
FY Effective Tax Rate (Percent) 1.56% 1.56% 1.56% 1.56%
Contractor's Gross Receipts Tax
FY Tax Before Credits (Millions) $4.967 $5.332 $6.312 $6.733
FY Net to General Fund After Credits (Percentage) 53.89% 51.74% 49.68% 47.70%
Railroad Car Tax
CY Total MT Market Value of Fleets (Millions) $94.051 $94.022 $94.094 $94.123
CY Taxable Percentage 6.17% 6.17% 6.17% 6.17%
CY 95% of Industrial & Commercial Mill Levy 363.539 367.174 370.846 374.554
Tobacco Products Tax
FY Value of Tobacco Products $14.409 $15.230 $16.145 $17.117
Natural Gas Severance Tax
CY Severance Tax Natural Gas Production (MMCF) 51.087 51.203 51.022 50.690
CY Montana Natural Gas Price (Weighted Price/MCF) $1.636 $1.732 $1.721 $1.710
CY Exempt Value of Production (Millions) $4.536 $4.808 $4.760 $4.698
CY Effective Tax Rate (Percentage) 13.13% 13.10% 13.08% 13.07%
Wine Tax
FY Wine Liters (Millions) 5.942 6.285 6.648 7.032
Beer Tax
FY Beer Barrels (Millions) 0.773 0.780 0.788 0.795
SELECTED NONGENERAL FUND REVENUE
The projections for selected nongeneral fund revenue during the 2000-01 biennium are based on an assumption of a continuation of Montana law as it existed on January 1, 1999. The revenue estimates contained in the following table are based on the assumptions stated previously in this resolution, the assumptions listed in the tables that follow the nongeneral fund estimates, and the assumptions contained in the revenue detail report prepared by the Legislative Fiscal Division.
Current Law
Selected Nongeneral Fund Revenue Estimates
(In Millions of Dollars)
1998 1999 2000 2001
Source of Revenue Actual Estimated Estimated Estimated
Diesel Tax $47.889 $48.094 $48.301 $48.509
Diesel Storage Tank Fee 2.092 1.449 1.455 1.461
Gas Tax 123.597 124.766 125.948 125.641
Gas Storage Tank Fee 3.915 3.720 3.754 3.788
Nongeneral Fund GVW Fees 30.038 31.418 32.479 33.300
Resource Indemnity Trust Tax 2.667 2.216 2.327 2.382
Arts Trust Interest Earnings 0.308 0.308 0.315 0.329
Capitol Land Grant Interest and Income 0.916 0.700 0.928 0.894
Deaf and Blind Trust Interest and Income 0.226 0.229 0.238 0.247
Parks Trust Interest Earnings 1.066 1.096 1.124 1.152
Pine Hills Interest and Income 0.273 0.291 0.300 0.310
Resource Indemnity Trust Earnings 7.556 7.617 7.675 7.737
Treasure State Endowment Interest Earnings 4.250 4.907 5.456 5.989
6-Mill Property Tax 14.702 14.660 14.809 15.280
9-Mill Property Tax 7.510 7.502 7.728 7.960
SELECTED ASSUMPTIONS FOR NONGENERAL FUND REVENUE ESTIMATES
Revenue Oversight Committee
Year Assumption 1998 1999 2000 2001
Diesel Tax
FY Gallons of Diesel (Millions) 192.323 193.150 193.980 194.814
FY Refunds (Millions) ($4.947) ($4.969) ($4.990) ($5.011)
Gasoline Tax
FY Gallons of Gasoline (Millions) 491.421 495.942 500.505 505.109
FY Refunds (Millions) $4.012 $4.049 $4.086 $4.124
FY Tribal Distribution $3.748 $3.751 $3.751 $3.751
FY Alcohol Incentive (Millions) $0.000 $0.000 $0.000 $1.500
GVW Fees
FY GVW Fees (Millions) $7.568 $8.182 $8.182 $8.182
FY Form 3 GVW Fees (Millions) $0.890 $1.018 $0.998 $0.983
FY Trip Permit Fees (Millions) $0.558 $0.558 $0.558 $0.558
FY County GVW Fees (Millions) $6.921 $7.159 $7.326 $7.384
FY County New Car Sales Tax (Millions) $10.814 $11.410 $12.297 $13.073
FY Overweight Trip Permit Fees (Millions) $1.452 $1.385 $1.418 $1.435
FY Special Permit Fees (Millions) $0.886 $0.852 $0.855 $0.859
FY Temporary Fuel Permits (Millions) $0.106 $0.106 $0.106 $0.106
FY Other Fees (Millions) $0.672 $0.748 $0.738 $0.720
Other 6-Mill Levy Indicators (See General Fund Property Tax Assumptions for Other Detail)
FY Nonlevy Revenue (Millions) $2.731 $2.824 $2.761 $2.890
FY SB 417 and Other Adjustments (Millions) $0.000 $0.129 $0.000 $0.000
Other 9-Mill Levy Indicators (See General Fund Property Tax Assumptions for Other Detail)
FY Nonlevy Revenue (Millions) $0.874 $0.953 $0.983 $1.019
FY SB 417 and Other Adjustments (Millions) $0.000 $0.000 $0.000 $0.000
- END -
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