Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.21 - GTBA AND FUNDING COMPONENTS
Subchapter 10.21.1 - GTBA
Rule 10.21.101F - CALCULATION OF GENERAL FUND GTBA TO QUALIFYING DISTRICTS
Universal Citation: MT Admin Rules 10.21.101F
Current through Register Vol. 18, September 20, 2024
(1) After receiving the certified BASE budget levies, the State Superintendent of Public Instruction will determine the amount of general fund GTBA a qualifying district will receive in FY 20XX+1 using the following calculations:
(a) 20XX+1
state elementary or high school GTB ratio * district's 20XX GTBA budget area =
"A"
(b) "A" - district taxable
value = "B"
(c) "B"/1000 = dollar
amount of 20XX+1 GTBA per mill levied. The result will be rounded to the
nearest whole dollar to determine the amount of the subsidy payment.
(2) A district must fund its budget with funds available for reappropriation and nonlevy revenues before it levies property taxes to fund the GTBA budget area.
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;
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