School Finance Update 2002 Jan

Cover School Finance Update 2002 Jan
School Finance Update 2002 Jan
Montana.Office of Public Instruction.School Budgeting And Accounting Division
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The calendar is posted on the MASBO website at http://www.masbo.com/ and on the OPI website under .
• School Election Manual : The manual has been updated with Legislative changes and is currently being reviewed. We plan to finalize it by the first week in February. We'll send you an email when it is posted electronically.
• New ballot requirements : Under new legislation, most ballots that propose a new or increased tax levy must comply with MCA 15- 10-425. A ballot to approve a portion o
...f over- Maximum budget for a disequalized district requires specific ballot language under MCA 20-9-353(3) and is an exception to 15-10-425.
"15-10-425. Mill levy election....
(2) The governing body shall pass a resolution, ...indicating an intent to impose a new levy, increase a mill levy, ...
on the approval of a majority of the qualified electors voting in the election.
The resolution,... must include: (a) the specific purpose for which the additional money will be used; (b) the specific amount to be raised; (c) the approximate number of mills required; and (d) the durational limit, if any, on the levy.


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