Tax Base Supplement Grant
This funding opportunity provides financial support to local taxing districts and governments affected by the closure of the Colstrip power plants, helping them maintain essential services and mitigate tax revenue losses.
Description
Grant Opportunity: Tax Base Supplement Grant
Funding Organization: Local Community Foundations
Contact Information: Taylor Crowl, Program Officer
Phone: 406-603-4913
Email: taylor@mtcf.org
Program Description: The Tax Base Supplement Grant aims to provide funding for tax revenue shortfalls resulting from the closures of the Colstrip power plants. It also assists in offsetting potential tax increases in Colstrip and Rosebud County. Eligible applicants include taxing districts, city, and county governments that can demonstrate the direct impact of power plant closures on their taxing revenues. The grant funds should be used to maintain existing services and cannot be allocated for special projects outside of normal yearly operating budgets. The grant application can be submitted online through the MCF grant portal. The Committee will review the applications and notify applicants of their decision. It is important to note that not all proposals will be funded, and the requested amount may not be fully granted. The grant guidelines specify that grants should be coordinated with other forms of relief, such as budget cuts and reserve funds.