Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.21 - GTBA AND FUNDING COMPONENTS
Subchapter 10.21.1 - GTBA
Rule 10.21.101B - CALCULATION OF STATEWIDE GTBA
Current through Register Vol. 18, September 20, 2024
(1) The statewide elementary or high school GTB ratio for purposes of calculating FY 20XX+1 general fund GTBA is: 1.93 x calendar year 20XX-1 statewide taxable valuation / total FY 20XX elementary or high school GTBA budget area.
(2) The statewide elementary or high school mill value per budgeted ANB for purposes of calculating FY 20XX+1 retirement fund GTBA is: [(calendar year 20XX-1 statewide taxable valuation x 1.21) / 1,000] / 20XX statewide elementary or high school budgeted ANB certified for the adopted budget.
(3) Facility guaranteed mill value per ANB for purposes of calculating FY 20XX+1 school facility entitlement guaranteed tax base is: [(calendar year 20XX-1 statewide taxable valuation x 1.40) / 1000] / FY 20XX statewide elementary or high school budgeted ANB certified for the adopted budget.
(4) The State Superintendent of Public Instruction may instead use final data in cases where significant changes in ANB and taxable valuation made after the adoption of the district's budget would significantly affect the statewide ratios or mill values per ANB.
20-9-102, 20-9-369, MCA; IMP, 20-9-366, 20-9-367, 20-9-368, 20-9-369, 20-9-370, 20-9-371, MCA;
