State of Montana Newsroom
Revenue Interim Committee Meets Nov. 19 to Adopt Revenue Estimate
The Revenue Interim Committee will meet November 19 in Room 317 of the Capitol building and on Zoom beginning at 10 a.m. The main objective of the meeting is for the committee to adopt a revenue estimate for introduction to the 2019 Legislature. The meeting agenda is available on the committee website.
The revenue estimate is an estimate of general fund revenue and selected nongeneral fund revenue for the next three fiscal years: 2021, 2022, and 2023. 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.
Additional agenda items include an administrative rule review and 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.
The meeting will be live streamed at http://leg.mt.gov and will be broadcast on Montana Public Affairs Network (MPAN). Please check your local channel listings to find MPAN in your area.
Due to COVID‐19 public health concerns, the public is strongly discouraged from physically attending meetings in the State Capitol Building.
Members of the public who want to offer public comment may join the meeting for public comment periods. To offer public comment, please contact committee staff by 5 p.m. on November 18 with your name, the agenda item(s) for which you wish to offer public comment, and whether you'll provide comment by telephone or via your computer.
For more information about the meeting, visit the committee’s website or contact Megan Moore, committee staff.
Committee Website: https://www.leg.mt.gov/committees/interim/2019rvic/
Committee Staff: memoore@mt.gov or 406-444-4496