The Latest From Montana Governor Brian Schweitzer

Dear Friends:

As we look forward to a new year, I wanted to take this opportunity to share with you the parameters of my 2008-2009 budget proposals, and to reaffirm my strong commitment to working hard for you and your family.

My proposed budget is fiscally responsible and sustainable. I will not raise taxes – in fact – I am proposing a historic tax cut of $150 million, including $400 to each homeowner in Montana, totaling $100 million. Unlike the tax cuts of the 90’s, these tax cuts are actual cuts for Montanans, not tax shifts that give out-of-state companies and their non-resident owners a huge break while forcing an increase in small business and homeowner taxes at the local level.

The fiscal parameters I have placed on the budget include:

• A cap on ongoing spending of $1.8 billion for FY 2009 going forward to next biennium

• Spending below estimated revenues

• A $500 million cap on one-time spending for FY08 and FY09

• No loans in the form of bonds, we’ll pay cash

• $100 million ending fund balance

• Everything left will be put into the Big Sky Savings- just like you do at home

Montana is the best place to start a business, raise a family and build a community- together, we can make it even better. Nancy and I wish you a Merry Christmas and happy holidays!

Best,

Brian