Colstrip Impacts Foundation: Tax Base Supplement Grant

The Colstrip Impacts Foundation: Tax Base Supplement Grant aims to mitigate tax revenue shortfalls caused by the closure of Colstrip power plants. This funding is crucial for taxing districts and local governments affected by these changes, ensuring they can maintain essential services without imposing additional tax burdens on residents. The grant supports economic development and assists impacted workers, fostering community resilience during this transitional period.

MCF manages more than $188.5 million in assets and administers more than 1,470 philanthropic funds and planned gifts. Since our founding, MCF has reinvested more than $100 million in Montana through scholarships, grants, and programs.
Grants available to support impacted workers and their families and further economic development in the Colstrip community.
Colstrip is a changing community. Supporting people, businesses, and services is key to the future of the Colstrip region. The Colstrip Impacts Foundation offers grants to support the local community.
Grants will be made to eligible organizations and individuals. Funding is available in three areas of support: economic development, support for taxing districts, and grants directly to impacted workers.
The Tax Base Supplement Grant helps fund potential tax revenue shortfalls due to the closures of the Colstrip power plants. This grant can also be used to offset potential tax increases in Colstrip and Rosebud County.

Eligibility

To be eligible for this grant, a taxing district (or city and county government) must show that they have been “impacted” by a power plant closure and it has directly affected the taxing revenues. To meet the guidelines for this grant opportunity the following guidelines are in place.Grants will only be considered if the tax district, City of Colstrip or Rosebud County, has been directly impacted by the plant closures.Grants are intended to help make up for tax revenue shortfalls and help relieve the increase to the taxpayers.Grants are intended to help continue to provide existing services to the residents of the taxing entity.Grants are intended to help taxing bodies maintain their current services and not to add new ones.Grants should be coordinated with other forms of relief, such as budget cuts and reserve money.

Ineligibility

Funds may NOT be used for special projects outside our normal yearly operating budgets.Grants ARE NOT intended to fund “wish list” projects.