Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Montana had approximately $250 million in reserves in the 2009 budget.[1]
Montana operates on a biennium budget. The biennium includes a 24-month period from July 1 of odd-numbered years to June 30 of odd-numbered years, such as the 2007-2009 biennium, which ran from July 1, 2007 to June 30, 2009. According to state law, the governor is required to submit a budget recommendation to the legislature. The state constitution gives sole authority to the legislature to appropriate state funds. The House and the Senate review the recommended budget, along with any requests made and additional revenue forecasts, beginning January of the next fiscal year.[2][3]
The following table provides a history of Montana's expenditures and gross domestic product (GDP).
Fiscal year | Expenditures (billions) | GDP (billions) |
---|---|---|
2000 | $5.0[4] | $21.4[4] |
2001 | $5.3[4] | $22.5[4] |
2002 | $5.6[4] | $23.6[4] |
2003 | $5.9[4] | $25.5[4] |
2004 | $6.2[4] | $27.5[4] |
2005 | $6.4[4] | $30.0[4] |
2006 | $6.9[4] | $32.0[4] |
2007 | $7.5[4] | $34.3[4] |
2008 | $8.2[4] | $36.7[4] |
2009 | $8.8*[4] | $39.3*[4] |
State of Montana Helena (capital) | |
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