Missoula County official reacts to recreational marijuana tax approval
Missoula County officials are reacting after voters approved a local 3% tax for recreational marijuana sales on Tuesday.
MTN News talked with one county official who said the money might offer relief from property tax increases, and mitigate rising home costs.
“As folks probably are acutely aware, local government in the state of Montana is largely funded – almost exclusively funded – by property tax,” said Missoula County Commissioner Dave Strohmaier.
Strohmaier said that’s not sustainable, so using this tool — another local tax option — may provide relief for homeowners.
“By way of reducing any future increases to property taxes that might come as the result of inflation or other community needs,” Strohmaier said.
Missoula County voters approved the measure to tax recreational marijuana sales, but not medicinal sales on Tuesday night. A total of 50% of the revenue generated by the tax will go to the county, 45% to the city, and the remaining 5% to the state.
Strohmaier said local governments can use the money at their discretion.
“We are still open to suggestions from the public in terms of how these revenues ought to be used,” he said.
The county previously cited a report by the University of Montana’s Bureau of Business and Economic Research that said the tax is estimated to generate around $716,100 annually.
The tax will take effect on Jan. 31, 2022.