RE:       FY 2019 Retirement Guarantee Tax Base Aid Legislative Reductions

The Office of Public Instruction (OPI) has adjusted the Guarantee Tax Base Aid (GTB) subsidies for the countywide retirement funds pursuant to Senate Bill 2, section 9 of the November 2017 legislative special session. The result is a statewide reduction of the entitlements for elementary and high school retirement GTB subsidies. Counties eligible for subsidies will see the payment reductions in November and May (50% - 50%) for FY 2019.

The reduction is proportional to the amount of the FY 2018 retirement block grant entitlements the county received (revenue code 335311). The FY 2019 entitlement adjustments will be identified on the Monthly Payment Summary reports for County Superintendents and Treasurers located at: CLICK HERE .

The revenue reduction to county retirement funds will impact countywide fund balances in FY 2019 only.

Below are the state entitlement adjustment amounts listed by county. Please contact me at kwanner@mt.gov or (406) 444-9852 if you have questions.  Thanks. 

County

7840 Elementary

7830 High School

Beaverhead

               (3,191.91)

               (3,453.82)

Big Horn

           (16,709.69)

             (8,481.87)

Blaine

             (13,327.74)

             (13,389.60)

Broadwater

                       (4.94)

             (2,582.74)

Cascade

             (41,465.65)

             (20,357.40)

Custer

             (9,275.51)

             (6,111.85)

Dawson

               (5,452.81)

               (3,303.30)

Deer Lodge

             (2,797.55)

             (1,492.77)

Fergus

               (2,448.53)

               (5,606.55)

Flathead

           (31,169.12)

           (19,469.69)

Gallatin

             (10,756.56)

 

Glacier

           (18,367.32)

             (8,186.62)

Hill

             (26,086.98)

             (15,092.43)

Jefferson

             (5,855.18)

 

Lake

               (8,891.03)

               (7,756.03)

Lewis & Clark

           (25,746.88)

           (18,112.18)

Lincoln

               (1,943.60)

               (7,305.12)

Mineral

 

             (1,826.95)

Missoula

             (40,603.94)

             (29,680.51)

Musselshell

             (1,863.40)

             (1,795.22)

Park

                 (249.29)

               (1,981.92)

Petroleum

 

             (5,355.72)

Pondera

               (5,320.95)

               (9,857.07)

Ravalli

             (1,618.74)

           (20,722.81)

Roosevelt

             (14,574.34)

               (3,414.32)

Silver Bow

           (15,197.59)

             (7,330.76)

Teton

               (3,915.24)

               (2,934.37)

Yellowstone

           (81,583.08)

           (55,819.48)