Our Entitlement Share spreadsheet has been updated with the FY 2020 numbers. It can be downloaded under the “Fiscal Information & Forms” section of our “Resources & Data” page on this website or by clicking the following link: https://www.mtcounties.org/resources-data/entitlement-share/
Just a Reminder
In the 2017 Regular Legislative Session, HB 565 revised Entitlement Share laws:
- For fiscal year 2018 (July 1, 2017-June 30, 2018) the growth rate of the Entitlement Share was reduced to .5% for all local governments
- For fiscal year 2019 (July 1, 2018-June 30, 2019) the growth rate of the Entitlement Share was reduced to 1.87% for all local governments
- Reductions were one-time-only. The statutory growth rates have been restored for fiscal year 2020 and will be thereafter at 3% for counties, 3.25% for consolidated governments and 3.5% for municipalities.
- HB 565 also allowed for the state to withhold Entitlement Share Payments if a local government fails to file financial reports and remit payments due to the state:
(b) A payment required pursuant to this section must be withheld if a local government:
(i) fails to meet a deadline established in 2-7-503(1), 7-6-611(2), 7-6-4024(3), or 7-6-4036(1); and
(ii) fails to remit any amounts collected on behalf of the state as required by 15-1-504 or any other amounts owed to the state or another taxing jurisdiction, as otherwise required by law, within 45 days of the end of a month.
(c) A payment required pursuant to this section may be withheld if, for more than 90 days, a local government fails to:
(i) file a financial report required by 15-1-504;
(ii) remit any amounts collected on behalf of the state as required by 15-1-504; or
(iii) remit any other amounts owed to the state or another taxing jurisdiction.”