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Montana budget surplus expected to be $426.7M by mid-2013

December 6, 2011 /

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The state’s general fund budget surplus by mid-2013 is now projected to be much larger than what the 2011 Legislature had estimated, the Legislature’s chief revenue forecaster said Monday.

Terry Johnson, a principal legislative fiscal analyst, told the Legislative Finance Committee he now is estimating the state treasury’s ending fund balance, or surplus, will be $426.7 million on June 30, 2013.

That’s $276.3 million more than the $150.4 million surplus estimated by the Legislature for mid-2013 before it adjourned late April this year and set the state’s two-year general fund budget of $3.7 billion.

Revenue estimates were one of the most contentious political issues during the 2011 Legislature.

By CHARLES S. JOHNSON Missoulian State Bureau |

Full Story: http://missoulian.com/news/state-and-regional/montana-budget-surplus-expected-to-be-m-by-mid/article_236454e2-1fc1-11e1-b85d-0019bb2963f4.html