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Revenue Interim Committee meets Thursday

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News from the Montana Legislative Branch

HELENA — The Revenue Interim Committee will meet on Nov. 17 at 1 p.m. in room 335 of the Capitol building. The main objective of the meeting is to adopt a revenue estimate for introduction to the 2023 Legislature. 

The meeting agenda is available on the committee website. 

The revenue estimate is an estimate of general fund revenue and selected non-general fund revenue for the next three fiscal years. Revenues are estimated by revenue source, and significant assumptions are also included in the estimate. The revenue estimate is used for ensuring the budget is balanced, which is a constitutional requirement.

The Legislative Fiscal Division and the Governor’s Office of Budget and Program Planning will present independent revenue estimates to the committee. After receiving the revenue estimate information and taking public comment, the committee will discuss which numbers to use in the revenue estimate and direct staff to draft the adopted estimate as House Joint Resolution 2. The committee reserved time to meet on Nov. 18, in case the Committee does not adopt a revenue estimate on Nov. 17.

Additional agenda items include a required report from the Department of Revenue on tax rates for the upcoming property reappraisal cycle that will result in taxable value neutrality for each property class and an administrative rule review.

To offer public comment via Zoom during the meeting, please submit the online form for remote participation by 5 p.m. on Wednesday, Nov. 16.

For more information about the meeting, visit the committee’s website or contact Megan Moore, committee staff.

Committee Website: https://leg.mt.gov/committees/interim/ric/

Committee Staff: megan.moore@legmt.gov or 406-444-4496.

 

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