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Montana politics, elections and legislative news.

Montana Lawmakers Optimistic About State Revenue

Montana lawmakers have adopted a more optimistic estimate of how much money the state will bring in over the next two years. The change will help guide ongoing work to craft a balanced state budget.

The House Taxation Committee agreed Friday to formally adopt a recently updated forecast of state revenues. The forecast shows Montana bringing in $350 million more over the biennium than what was predicted last fall. The revenue figure assumes the state will bring in $2.6 billion in 2022 and $2.7 billion in 2023 and will guide state budgeting. 

According to the Legislative Fiscal Division, state revenue estimates have improved due to the availability of a COVID-19 vaccine and because the state is set to see $3 billion in federal stimulus funds. 

The state House of Representatives has already endorsed a preliminary spending plan that will head to the Senate next for consideration.

Shaylee is Montana Public Radio's Capitol reporter. She previously worked for the Bozeman Daily Chronicle and covered the 2019 legislative session for the University of Montana's Legislative News Service.
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