MTPR

Legislative Fiscal Division

Montana Capitol, Helena.
William Marcus

Montana could see as much as $106 million in additional revenue come into the state than was previously unexpected. But lawmakers are approaching this news with some caution as they create the state’s budget.

The state’s nonpartisan Legislative Fiscal Division is projecting the additional revenue to flow into state coffers over the next three years, as the state recovers from a dip in earnings after a decline created, in part, by lower sales of coal, oil, and gas. 

March LFD General Fund Revenue Update Compared to HJ 2.
Legislative Fiscal Division

Montana may have more than $100 million in additional revenue coming into the state than expected just a few months ago.

The revenue forecast released this afternoon by the state's nonpartisan Legislative Fiscal Division shows the most significant uptick in state earnings coming from individual income taxes and corporation income taxes. It says state revenues from oil and natural gas production taxes are expected to decrease over the next 3 years.

Montana Capitol, Helena.
William Marcus

Governor Steve Bullock’s nearly $10 billion budget proposal could mean Montanans will end up paying a little more for wine and cigarettes. Medical marijuana, too.

Senate Majority Leader Fred Thomas, Republican from Stevensville.
Corin Cates-Carney

On Thursday, lawmakers got their first look at how much money is likely to be in the state’s checking account as they head into the upcoming legislative session.

It turns out that, even after a year of economic downturn and declining sales of coal, oil and gas, the state’s revenue picture is actually looking up.

Senate Committee Restores Some Funding Cut By House

Apr 3, 2015
Montana Capitol, Helena.
William Marcus

The Senate Finance and Claims Committee added about $55 million of general fund dollars back into the state budget. That’s according to preliminary figures from the Legislative Fiscal Division.

Not quite half of that amount was to cover cost over-runs in the current biennium.

This year’s cost overruns total about $31 million.

OBPP

Governor Steve Bullock announced his support Wednesday for a voter initiative to expand Medicaid, called the Healthy Montana Initiative.

Medicaid expansion is an optional piece of the Federal Affordable Care Act, and Republican majorities in the Montana Legislature decided not to approve it in 2013.

MT's budget on track

Mar 14, 2014

Analysts expect Montana’s budget surplus to be slightly higher than previous predictions.

The estimate comes from the Legislative Fiscal Division. It now predicts the state will have nearly $353 million left in the bank at the end of this budget cycle. That’s almost $6 million higher than estimates in December.

Conrad Republican Senator Llew Jones chairs the Legislative Finance committee, which looks at the budget between Legislative sessions. He said, overall, the budget is staying right about where it should.