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Legislative staff brief House committee on Montana K‑12 funding formula, GTB and budget limits
Summary
Legislative fiscal staff gave House Education Committee members a condensed training on Montana's K‑12 school funding formula, explaining budget limits, guaranteed tax base aid, and how inflation and local revenue vary statewide.
Legislative fiscal staff on Oct. 12 gave members of the Montana House Education Committee a condensed training on how the state’s K‑12 funding formula sets district budget limits and how the guaranteed tax base (GTB) equalizes differences in local property wealth.
The session, presented by Julia Patton of the Legislative Fiscal Division and Pat McCracken, deputy research director in the Legislative Research Office, outlined the formula’s two parts: drawing minimum (base) and maximum budget limits for each school district and the process used to “fill” those buckets with state aid, property taxes, fund balance and other revenues.
The training matters because Montana relies on a combination of state and local funding to meet the constitutional goal in Article 10 of providing…
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