Budget Analysis 1999 Biennium : Economic Assumptions And Revenue Estimates 1999

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There remains $4.4 million in the escrow account because the Chrysler case remains unresolved. ROC, in accordance with past practice, included in the revenue estimates for fiscal 1997 and the 1999 biennium only the revenue from the companies associated with the ACF case, which will be around $1.1 million per year. If the Chrysler suit is settled, ongoing revenue will increase by approximately $.3 million per year.
The new method established for valuing rail car property in the settled ACF case
...is as follows: Speed per day x 365 days x Montana miles per system mile x system miles x Class 12 tax rate x average commercial and industrial mills x 95 percent. There are two speeds per day depending on the type of car: 450 miles per day for coal gondolas and 200 miles per day for other types of rail cars.
A Fiscal Year 1979 Total Collections Millions 0.675790 General Fund Collections Millions 0.675790 GF Percent Change Railroad Car Tax A 1980 0.956356 0.956356 41.52% m A 1981 1200093 1200093 25.49% T A 1982 1.344761 1.344761 12.05% II A 1983 1.432164 1.432164 6.50% M A 1984 1.334111 1.334111 -6.85% | 1 A 1985 1.379418 1.379418 3.40% = 3 o Q

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